Roehl Niño Bautista · · 1 min readMir4 developer Wemade backs SG play-to-earn platform
South Korea-based Wemade, developer of role-playing game Mir4, has made a strategic investment in Singapore-based GameFi platform Froyo Games. Financial specifics were undisclosed.
Image credit: rokastenys / 123RF
Launched in January, Froyo Games offers a Web3 platform and NFT marketplace using Ethereum-based and Binance Smart Chain-based token Froyo. It is also co-developing play-to-earn titles with Australian mobile gaming firm iCandy Interactive.
Wemade’s game series Legend of Mir boasts millions of global players. It said that its latest installment, Mir4, has 6.5 million average monthly uses from 170 countries. The game also has play-to-earn features, letting users trade items and characters with the Wemix token, which can also be used across games on Wemade’s platform.
“Coupled with Wemix, a proven utility coin, and Wemix Dollar, a 100%-collateralized stablecoin, we will launch our own mainnet Wemix3.0 with DAO-based NFT platform Nile and various decentralized finance protocols,” said Henry Cheng, CEO of Wemade.
See also: Music NFTs could be the next breakthrough application in crypto
Editing by Miguel Cordon and Lorenzo Kyle Subido
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