Seoul, South Korea, March 15, 2023 / AlexaBlockchain/ – South Korea’s publicly-listed gaming giant, Wemade Co., Ltd (KOSDAQ:112040), with a market capitalization of US$1.4 billion, has forged a strategic alliance with Space and Time (SxT), a top provider of decentralized data warehousing, to integrate SxT’s developer tools into its blockchain and gaming services.
Wemade has a global open blockchain gaming platform, WEMIX PLAY, hosting more than 20 play-to-earn games, including the world’s number one blockchain game, MIR4, and MIR M across all genres.
WEMIX, Wemade’s blockchain developer subsidiary, is building a mega-ecosystem consisting of its own mainnet, WEMIX 3.0, NFT and DeFi services, and WEMIX coin. WEMIX has plans to launch an Ethereum layer-2 utilizing zero knowledge proof (ZKP) protocols for improved scalability, privacy, and security.
Space and Time will collaborate with Wemade in the future to develop next-generation decentralized infrastructure for more robust and scalable GameFi development.
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.”
In a decentralized deployment, Space and Time offers a comprehensive set of developer tools that include a hybrid transactional and analytic (HTAP) data warehouse, real-time indexed blockchain data that is tamperproof, and a serverless API gateway that simplifies the development of fully decentralized applications, thereby reducing dApp time-to-market.
The Space and Time data warehouse runs queries that are verifiably tamperproof. This is made possible by their unique cryptography method called Proof of SQL, which allows smart contracts to run tamperproof queries directly. This opens up a world of possibilities for powerful use cases built on blockchain technology and a fully decentralized stack.
When game developers build on Space and Time, they can easily combine real-time blockchain data with off-chain game-generated data in a single query and connect the results back to smart contracts on-chain. By partnering with Space and Time, Wemade will be able to offer more complex earning schemes for its P2E games, run tamperproof analytics against game activity, and reduce on-chain storage costs by connecting a scalable decentralized data warehouse to its blockchain-based platform.
Nate Holiday, CEO and Co-Founder of Space and Time, said: “We’re thrilled to partner with one of the biggest and most respected gaming companies in the world. Space and Time is committed to advancing the blockchain gaming industry with essential next-generation infrastructure and developer tools. This partnership is a huge step forward for the Web3 gaming industry. Together, Wemade and Space and Time are building a new blockchain gaming ecosystem to onboard the next wave of game developers.”
Wemade is renowned for creating the highly popular RPG game, The Legend of Mir 2, which is considered one of the most successful games in the history of Chinese gaming. Since its launch in China in 2002, the game quickly captured 64% of the Chinese gaming market within a few years. Apart from its GameFi projects, Wemade’s L1 mainnet also supports DEXs, NFT marketplaces, and other initiatives in the Web3 space.
The company is dedicated to broadening its blockchain ecosystem beyond GameFi and actively expanding its offerings. Through its partnership with Space and Time, Wemade aims to provide more secure and decentralized services to developers building GameFi, DeFi, and other Web3 applications.
Wemade is a pioneering game developer from Korea, with a focus that shifts towards metaverse and blockchain (NFT, DeFi) technology, emphasizing personalized gaming experiences. Wemade strives to transform everyday games with blockchain technology and establish its WEMIX coin as a key currency in the gaming industry. Wemade aims to become a mega-ecosystem by launching its own mainnet, WEMIX 3.0, introducing its own currency, $WEMIX, and offering a wide range of services and platforms that embrace DeFi and NFT, etc.
For more information, visit: https://www.wemade.com/
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WEMIX Pte. Ltd aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Headquartered in Singapore, WEMIX is a subsidiary of Wemade, the developer and owner of “The Legend of Mir” IP, a highly successful game series with over 500 million users.
About Space and Time
Space and Time is the first Web3-native decentralized data warehouse that joins tamperproof on-chain and off-chain data to deliver enterprise use cases to smart contracts. Space and Time has developed a novel cryptography called Proof of SQL™ that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. Space and Time is built from the ground up as a multichain data platform for Web3 developers in financial services, gaming, DeFi, or any project requiring next-gen analytics.
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