South Korea’s Wemade eyes Middle East for blockchain gaming expansion
Looking to make a mark in the Middle East's blockchain space, Wemade struck a partnership with Whampoa Digital for a $100M fund centered on developing blockchain initiatives.
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South Korean court rules NFTs as speculative and not protected under legislation
Gaming items converted to NFTs are considered "gifts prohibited under the Game Industry Act," and dealing with them equates to promoting speculation, according to the court ruling.
WEMIX loses delisting battle in court against South Korean exchanges but promises to continue the fight
Wemade insists it will not back down after a South Korean court sided with DAXA in delisting WEMIX from exchanges in the country, saying it intends to file a complaint as this breaches the anti-competition law.