In a concerted move to bolster the blockchain gaming sphere in China, Singapore-based WEMIX PTE. LTD., a subsidiary of WEMADE, has strategically invested in five Chinese game developers, according to GlobeNewswire. This investment was channeled through a specialized blockchain gaming fund, established in collaboration with Mirana Ventures, on October 11, 2023. The fund, valued at $30 million, is a joint initiative with Mirana Ventures, an investment arm of the global digital asset exchange, Bybit.
Financial Allocation and Future Endeavors
A notable portion, $6.4 million to be precise, of the $30 million fund has been utilized in this investment venture. This fund was initiated back in March 2023 with an aim to nurture promising blockchain gaming enterprises and to broaden the horizons of the WEMIX3.0 ecosystem. The genres of the games being developed by the investee companies span across MMORPG, card battle, sports, and strategy…
