- Global blockchain developer WEMIX, created by South Korean gaming giant Wemade, has declared that it has made a strategic investment in Elixir Games, a Web3 gaming platform.
According to the press release, the partnership aims to boost the gaming industry’s digital transition and enhance gaming experiences everywhere.
This (undisclosed) additional investment will be used by Elixir to develop new game IPs (intellectual properties) and to support its launcher platform.
Regarding that, there are presently more than 150 games available on the launcher platform. Since its release, more than a million downloads have been made of it.
The goal of Elixir Games, according to CEO Carlos Roldan, is to push the limits of what is conceivable in the game industry.
He described WEMIX’s assistance and strategic investment as an extension of their cooperation. It enables us to expand more quickly and collaborate on even more creative and captivating experiences, genuinely influencing the direction of gaming.
“Building the Groundwork for a Successful Web3 Enterprise”
According to the statement, Elixir Games is integrating blockchain to allow users to actually own in-game goods and promote a player-driven economy.
The company is developing an all-in-one Web3 gaming solution with a full portfolio of goods.
These consist of an easy-to-use wallet system, streamlined onboarding for new users, on-ramp payments, a corporate infrastructure solution, a gaming marketplace, and a launchpad for emerging intellectual property.
It’s also a gamified platform with elements like leaderboards, giveaways, tournaments, missions, and a Season Pass.
Major firms including Square Enix and GameStop have partnered with Elixir Games.
Its acquisition of RoboKiden and LitLab Games also contributed to its rise to prominence as a publisher.
Furthermore, the business raised $14 million in May 2024 from backers like Square Enix, with assistance from the Blizzard Fund, CyberKongz, NeoTokyo, Solana Foundation, and Shima Capital.
The Launchpad & Incubation Program and the ELIX token launch are supported by the funds.
Elixir Games has established a reputation for having outstanding technical skills and a thorough understanding of the market, according to a WEMIX representative.
According to the spokesman, WEMIX and Elixir Games will work together to push the frontiers of the gaming industry and build a strong Web3 business.
WEMIX is developing a blockchain ecosystem in the meantime, based on WEMIX3.0, a specially designed blockchain that is enhanced for blockchain functionalities including dapps, NFTs, and in-game ownership.
Top game business Wemade has a $2 billion market valuation. That is well-known for “The Legend of MIR IP,” among many other things.
Within three days of its release, the popular massively multiplayer online game “NIGHT CROWS” had sold over $10 million worldwide.
MIR4 and NIGHT CROWS are available on WEMIX PLAY, a blockchain gaming platform.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
