[Featured Stock] JoyCity Rises on Expectations for Game Release Utilizing WEMIX Platform

[Asia Economy Reporter Lee Seon-ae] Joycity's stock price is showing an upward trend. This is interpreted as expectations following the signing of a memorandum of understanding (MOU) for blockchain business, game development, and launch with Wemade.

As of 10:58 AM on the 17th, Joycity is trading at 13,650 KRW, up 3.41% compared to the previous trading day. It rose to 13,900 KRW in early trading.

Strong expectations are interpreted for the release of games utilizing the WEMIX platform. Through the business agreement, Joycity will receive support for issuing game tokens linked with Wemade's blockchain technology and for developing and launching new titles using the WEMIX platform.

Wemade provides comprehensive blockchain technology services including research and development support for game releases on the WEMIX platform and wallet creation.

The two companies plan to build a partnership to service various genres of games applying blockchain technology and explore possibilities in the new game market.

Joycity plans to quickly secure a leading position in the play-to-earn (P2E) SLG market by preparing versions of war simulation games, such as "Gunship Battle: Total Warfare," which have already shown successful progress in the global market, to be serviceable on the WEMIX platform.

Along with this, a TF team capable of cooperating across the blockchain business will be newly established to further develop existing live games and discover new business models for upcoming new game releases.

This content was produced with the assistance of AI translation services.