Korea's first-generation blockchain project keeps pushing forward

Wemade, a Korean gaming company, launched its blockchain venture in 2018 with just four employees. Seven years on, that team has grown to more than 200. Along the way, the company has endured market volatility, regulatory setbacks and repeated controversy. But at least one thing has become clear: It isn't walking away. "There's no other company in Korea with this many people working on blockchain," said Shane Kim, executive vice president of Wemade and CEO of its blockchain subsidiary Wemix, in an interview with The Korea Times. "We've incurred hundreds of millions of won in losses from our blockchain business. Even so, we never gave up. We've kept going all the way until now." Best known for game franchises such as Legend of Mir and Night Crows, Wemade has emerged as one of the most aggressive players integrating blockchain into Korea's gaming landscape. Through Wemix, it has rolled out initiatives including cryptocurrency development, play-to-earn (P2E) games and a broader digital asset ecosystem. The business venture started amid a wave of investor enthusiasm and a booming crypto markWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times