Korean Developer Tapped by Microsoft For Blockchain Video Games

November 11, 2022 at 2:02 AM in Gaming News with no comments

Microsoft was able to invest in a Korean blockchain video game company with millions of dollars.

By Daniel Burrows Daniel  |  Veena

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Key Facts

  • Microsoft was able to invest in a Korean developer who makes blockchain games.
  • The name of the developer is Wemade and they also own a blockchain mainnet and an auction site for NFTs.
  • Phil Spencer of Microsoft said before that blockchain games are “exploitative”



Microsoft is looking to move to blockchain games and they invested in a Korean video game company to do so.

  microsoft blockchain 2022  

Wemade is a Korean video game company that is popular for their PC and mobile games like Legend of Mir and MMORPG. Microsoft’s investment with Wemade is worth $46 million.

Wemade’s MIR4 is the “first well-made blockbuster blockchain game” in the world.

The blockchain mainnet called Wemix 3.0 is also owned by blockchain. This is used to verify and exchange cryptocurrencies.

An NFT auction site is also owned by the company. NFT auction sites are not well received and were subject to backlash in the past 24 months.

As of right now, the investment of Microsoft is unclear as well as their plans to move forward. Just this June, Phil Spencer, the Head of Gaming said that blockchain games “feel more exploitive than about entertainment.”




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