Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

WEMADE, the pioneering South Korean game developer, teams up with DIFC Innovation Hub to fuel Dubai's ascent as a Web3 gaming powerhouse. The $100M investment fund, WEMIX PLAY Center, and a Web3 event in 2024 are set to redefine Dubai's gaming landscape. CEO Henry Chang and DIFC's Mohammed AlBlooshi share their visions for the city's gaming evolution. In a groundbreaking move, WEMADE collaborates with DIFC Innovation Hub to turbocharge Dubai's foray into the global Web3 gaming arena. A colossal $100 million investment fund spearheaded by WEMADE aims to create an unparalleled go-to-market pipeline for Web3 game developers, aligning with the ambitious vision to position Dubai among the world's top 10 gaming cities.WEMADE's commitment extends beyond capital, with the introduction of the WEMIX PLAY Center, a key component contributing to the 'Dubai Program for Gaming 2033.' This initiative solidifies WEMADE's role as a catalyst in nurturing Dubai's gaming ecosystem.The strategic partnership sets the stage for a game-changing Web3 event in Dubai during the first quarter of 2024. The event aims to expedite the integration of Web3 technologies, propelling Dubai to the forefront of global gaming innovation.WEMADE proudly claims its status as the first South Korean game developer and Web3 gaming company to join forces with the DIFC Innovation Hub. This collaboration not only opens doors to physical infrastructure but also grants access to millions of active Web3 gamers through the WEMIX PLAY platform, hosting an impressive portfolio of over 65 games.CEO Henry Chang expresses admiration for the UAE's dynamism, emphasizing WEMADE's dedication to nurturing Dubai's evolution into a central hub for global Web3 gaming. Mohammed AlBlooshi, CEO of DIFC Innovation Hub, highlights the strategic importance of the gaming industry in advancing Dubai's digital ecosystem, aligning with broader economic diversification efforts.This alliance unfolds against the backdrop of Dubai's continuous momentum in fostering innovation, as seen in recent investments at the DIFC Innovation Hub. The collaborative efforts between WEMADE and DIFC Innovation Hub signal a pivotal moment for Dubai, steering towards becoming a global epicenter for Web3 gaming, creating new avenues for innovation, and employment opportunities in the sector. Stay tuned for updates on this exciting journey!

South Korean gaming giant Wemade has joined forces with Singapore-based Whampoa Digital to launch a groundbreaking $100 million Web3 fund, taking a giant step toward revolutionizing the landscape of blockchain gaming. This strategic alliance demonstrates a strong commitment to accelerating blockchain adoption, particularly in the thriving Middle East gaming market. The newly launched Wemade Web3 Fund aims to support and invest in innovative blockchain gaming projects, establishing a new financial standard in the industry. In addition to this initiative, Wemade is actively building the Wemix Play Center in Dubai's DIFC Innovation Hub, emphasizing their commitment to fostering collaboration and innovation within the blockchain gaming ecosystem. The collaboration demonstrates a shared vision for navigating the evolving Web3 landscape, with senior leaders excited about venturing into uncharted territory within the digital asset industry. Stay tuned for more information on this game-changing collaboration that is shaping the future of gaming technology.

Farcana, a gaming startup based in the UAE, has received a strategic investment from Animoca Brands, a Web3 industry leader based in Hong Kong. This is a groundbreaking partnership between gaming and blockchain. This important partnership aims to make Farcana's upcoming AAA Web3 game, which is also called Farcana, the most popular game in the MENA region. Farcana, which is run by Founder and CEO Ilman Shazhaev, stands out because it combines Unreal Engine 5 with blockchain technology. This gives players a unique third-person PC arena shooter experience with real Bitcoin rewards. The undisclosed investment from Animoca Brands not only gives us much-needed money, but it also shows that we are both committed to driving Web3 development in the MENA region. This partnership is a big change in the way multiplayer online games are being made. It makes Farcana and Animoca Brands leaders in the fast-paced world of Web3 gaming, with a focus on redesigning tokenomics, improving the in-game economy, and strategic documentation.

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