On March 15, Wemade, a South Korean gaming big with a market capitalization of $1.4 billion, introduced a strategic partnership with Microsoft-backed Area and Time (SxT), an business chief in decentralized knowledge storage.
Notably, the partnership will permit Wemade to energy its Cryptocurrency ledger and gaming companies with Area and Time’s decentralized suite of developer instruments, in response to info shared with Brokers in a press launch.
Roughly twenty play-to-earn (P2E) video games spanning all genres are supported by Wemade’s worldwide open Cryptocurrency ledger gaming platform WEMIX PLAY, together with the genre-spanning MIR M and the top-ranked Cryptocurrency ledger sport on the earth, MIR4.
That is all part of the ecosystem that WEMIX, the corporate’s Cryptocurrency ledger developer division, is developing, which incorporates WEMIX 3.0, the mainnet; all kinds of companies resembling non-fungible token (NFTs) and decentralized finance (DeFi); and the WEMIX coin, the bridge that holds all of it collectively.
WEMIX reveals plans to launch an Ethereum layer-2
As well as, WEMIX introduced plans to launch an Ethereum layer-2 using zero-knowledge proof (ZKP) protocols that may enhance scalability whereas nonetheless making certain customers’ privateness and safety.
With the arrival of next-generation decentralized infrastructure for extra sturdy and scalable GameFi growth, Area and Time and Wemade plan on working intently collectively sooner or later to offer scalable and dependable GameFi.
WEMIX CEO Shane Kim said:
“We believe that blockchain is the future of gaming, offering gamers greater ownership and control over their digital assets. As the blockchain transformation of traditional games continues to grow, the partnership with Space and Time will help strengthen our blockchain infrastructure capabilities and contribute to our commitment to building an inter-game economy.”
Recreation builders can hyperlink off-chain, player-generated knowledge to onchain good contracts in real-time with Area and Time. Connecting a scalable decentralized knowledge warehouse to the blockchain-based platform would permit Wemade to accommodate extra refined incomes schemes for P2E video games, conduct tamper-proof analytics in opposition to sport actions, and reduce on-chain storage prices.
It’s price mentioning that in addition to its Web3 GameFi initiatives, the Wemade platform additionally helps decentralized exchanges (DEXs), NFT marketplaces, and extra on its L1 mainnet as it really works in the direction of increasing its Cryptocurrency ledger ecosystem past the realm of GameFi.
Finally, builders constructing GameFi, DeFi, and different Web3 functions will profit from Wemade’s partnership with Area and Time due to its companies’ elevated safety and decentralization.