Microsoft Invests in Korean Video Game Developer Wemade - News
by William D'Angelo , posted on 02 November 2022 / 1,946 Views
The South Korean video game developer, Wemade, announced Microsoft and other companies have invested KRW 66 billion ($46 million) in the company. It isn't known how much of the $46 million is from Microsoft.
"This is a meaningful investment by reputable financial and strategic investors with proven track records." said Wemade CEO Henry Chang. "Wemade and Wemix will continue to exert efforts to attract more capital and actively invest to build the global digital economy platform."
Wemade was founded in February 2000 by the Legend of Mir developers and today hosts and runs several games in South Korea. This includes the Legend of Mir games, a franchise of MMORPGs for PC and mobile platforms.
The video game developer recently launched its own blockchain game, Mir 4. It is the "world's first well-made blockbuster blockchain game since the company entered the blockchain industry in 2018."
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
