Wemade’s WEMIX Backs Elixir Games for Web3 Expansion

Elixir Games Web3 Gaming Wemade
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Journalist
Journalist
Sead Fadilpašić
Author Categories
About Author

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

Global blockchain developer WEMIX, developed by South Korean gaming powerhouse Wemade, has announced its strategic investment in the Web3 gaming platform Elixir Games.

The press release said the collaboration’s goal is to advance the digital transformation of the gaming industry and improve gaming experiences globally.

Elixir will use this (undisclosed) additional funding for its launcher platform and the development of new game IPs (intellectual properties).

Speaking of which, the launcher platform is currently home to over 150 games. It has recorded over 1 million downloads since its launch.

CEO Carlos Roldan commented that Elixir Games’ mission is to “push the boundaries of what’s possible in gaming.”

“This support and strategic investment from WEMIX stands as an expansion of our partnership,” he said. It allows “us to accelerate our growth and bring even more innovative and engaging experiences together, truly shaping the future of gaming.”

‘Laying the Foundation for a Thriving Web3 Business’

Elixir Games is integrating blockchain to give players true ownership of in-game assets and foster a player-driven economy, it said.

The company is building a comprehensive suite of products as an all-in-one solution for Web3 gaming.

These include a user-friendly wallet system, simplified onboarding for new users, on-ramp payments, a games marketplace, infrastructure solutions for enterprises, and a launchpad for upcoming IPs.

Moreover, it’s a gamified platform with features like a Season Pass, quests, giveaways, tournaments, and leaderboards.

Elixir Games has secured partnerships with major companies, including Square Enix and GameStop.

Also, acquiring RoboKiden and LitLab Games helped it become a significant publisher.

Additionally, in May 2024, the company raised $14 million from investors such as Square Enix, supported by the Solana Foundation, NeoTokyo, Shima Capital, Blizzard Fund, and CyberKongz.

The funding is supporting the launch of the ELIX token and the Launchpad & Incubation Program.

A WEMIX spokesperson remarked that Elixir Games has become known for its “exceptional technical capabilities and deep understanding of the industry.”

WEMIX and Elixir Games together will “lay the foundation for a thriving Web3 business and push the boundaries of the gaming industry,” the spokesperson said.

Meanwhile, WEMIX is building a blockchain ecosystem based on WEMIX3.0, a custom-built blockchain optimized for blockchain features like dapps, NFTs, and in-game ownership.

Wemade is a top gaming company with a market capitalization of $2 billion. Among many other things, it’s known for ‘The Legend of MIR IP.’

Its blockbuster MMORPG, ‘NIGHT CROWS,’ surpassed $10 million in global sales within three days of its launch.

NIGHT CROWS and MIR4 are hosted on the blockchain game platform WEMIX PLAY.

More Articles

Blockchain News
Tornado Cash Developer Alexey Pertsev Granted Supervised Release from Prison
Hassan Shittu
Hassan Shittu
2025-02-07 00:30:51
Blockchain News
Deribit Exits Russian Market Due to EU Sanctions: Report
Tanzeel Akhtar
Tanzeel Akhtar
2025-02-06 23:54:56
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors