Wemade Partners With Space And Time For Blockchain Services
Wemade Co., Ltd (KOSDAQ:112040), a major South Korean gaming outfit valued at US$1.4 billion, has recently announced its strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. This partnership will enable Wemade to utilize Space and Time’s decentralized suite of developer tools to power its gaming and blockchain services.
Who Is Wemade Exactly?
Wemade offers nearly two dozen play-to-earn games across various genres. Those include MIR M and the world’s leading blockchain game, MIR4, on its global open blockchain gaming platform, WEMIX PLAY. It is part of the mega-ecosystem built by its blockchain developer subsidiary, WEMIX. The ecosystem includes its mainnet, WEMIX 3.0, along with a range of services such as NFTs and DeFi, and WEMIX coin, which acts as a bridge connecting all the components of the mega-ecosystem.
As part of its ongoing efforts to expand its blockchain services ecosystem beyond GameFi, Wemade has also announced plans to launch an Ethereum layer-2 utilizing zero-knowledge proof (ZKP) protocols to improve scalability while maintaining users’ privacy and security.
The collaboration between Space and Time and Wemade aims to develop next-generation decentralized infrastructure for more robust and scalable GameFi development. By partnering with Space and Time, Wemade will provide more secure and decentralized services to developers building GameFi, DeFi, and other Web3 applications.
Wemade has a strong reputation in the gaming industry, particularly for its blockbuster title, The Legend of Mir 2, which dominated the Chinese gaming market with a 64% market share within years of its 2002 launch in China. Besides its Web3 GameFi initiatives, the Wemade platform supports DEXs, NFT marketplaces, and more on its L1 mainnet.
A Viable Partner in Space and Time
On the other hand, Space and Time offers a full suite of developer tools in a single decentralized deployment, including real-time, tamperproof indexed blockchain data, a hybrid transactional and analytic (HTAP) data warehouse, and a serverless API gateway. In addition, the platform’s Proof of SQL cryptography allows smart contracts to run tamperproof queries directly. That makes it ideal for building robust use cases on blockchain technology.
Game developers building on Space and Time can join real-time blockchain data with off-chain game-generated data in a single query and connect the results back to smart contracts on-chain. This feature will enable Wemade to facilitate more complex earning schemes for its P2E games, run tamperproof analytics against the game activity, and reduce on-chain storage costs by connecting a scalable decentralized data warehouse to the blockchain-based platform.
The partnership between Wemade and Space and Time is a significant step towards developing a more robust and scalable GameFi ecosystem. With Space and Time’s developer tools and Wemade’s expertise in the gaming industry, the collaboration promises to offer more secure and decentralized services to developers building GameFi, DeFi, and other Web3 applications.