Wemade and Whampoa Digital Partner to Invest $100M in Web3 Projects

Korean gaming and entertainment company Wemade has partnered with Whampoa Digital, the digital asset investment arm of Singaporean investment giant Whampoa Group, to invest $100 million in Web3 projects. The two companies will collaborate to back promising gaming studios and blockchain projects that plan to set up an office at WEMIX Play Center, located at Dubai International Financial Centre’s Innovation Hub (DIFC Innovation Hub). WEMIX Play is Wemade’s Web3 platform that allows developers to transform any game into a blockchain game, and the platform currently boasts over 250,000 active players. The DIFC Innovation Hub and WEMIX PLAY Center will provide state-of-the-art facilities and mentorship, allowing Web3 projects backed by Wemade to thrive, while Whampoa Digital will provide ecosystem support to the Center.