Wemade Reports Operating Loss of 28 Billion KRW in 3Q... Returns to Deficit

[Asia Economy Reporter Kang Nahum] Wemade announced on the 26th that it recorded consolidated sales of 108.3 billion KRW and an operating loss of 28 billion KRW for the third quarter of this year. The net loss for the period was 88.5 billion KRW.

Third-quarter sales remained at the previous quarter's level due to the continued stabilization of sales from existing mobile games, and increased by 71% compared to the same period last year due to the launch of new titles such as MirM. Operating losses decreased compared to the previous quarter, while net losses increased due to the reflection of financial asset valuations.

Starting with the launch of the WEMIX 3.0 mainnet on the 20th, Wemade is actively building the WEMIX blockchain ecosystem by consecutively introducing ▲ 100% reserve stablecoin WEMIX Dollar (WEMIX$) ▲ decentralized finance service WEMIX.Fi.

Additionally, through technological advancement, the new economic platform NILE, which combines non-fungible tokens (NFTs) and DAOs (decentralized autonomous organizations), is also scheduled to be unveiled.

MirM, which was launched domestically in June, is preparing for a global release within the year by integrating blockchain systems. Onboarding contracts and launches for the blockchain game platform WEMIX PLAY are also steadily progressing.

Jang Hyun-guk, CEO of Wemade, said, "We started as a game company, evolved into a blockchain game company, then a blockchain game platform, and now we are progressively evolving into a digital economy platform," adding, "We will do our best to make WEMIX a truly global digital economy platform."

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