Wemade, a Singapore-based company, and Whampoa Digital, a leading Korean gaming company, have forged a strategic alliance to work together on digital asset projects in the Middle East and on a US$100 million Web3 Fund that Wemade will establish.
Whampoa Digital will collaborate with Wemade to establish the WEMIX PLAY Center at the DIFC Innovation Hub, and it will also serve as an ecosystem partner for the Wemade Web3 Fund.
Particularly in the Web3 sector, both parties will engage in mutual transaction and project referrals, and they may even co-invest in ventures that show promise.
Whampoa Digital and Wemade have inked a non-binding memorandum whereby they will utilize each other’s technological and operational expertise to jointly create blockchain solutions and infrastructure for the gaming and Web3 sectors.
To encourage the smooth global adoption of digital assets, the created solutions will be implemented and integrated with financial institutions that serve these businesses.
“This partnership will allow us to pioneer new horizons in the digital asset industry beyond our already established sectors, as well as foster innovation in the Middle East, one of the world’s fastest-growing regions in the Web3 space,” stated Aureole Foong, senior partner at Whampoa Group.
Wemade’s CEO, Henry Chang, stated, “Through our partnership with Whampoa Digital, a leading investment firm in Singapore, we strive to share valuable insights related to blockchain technology, each party bringing their unique expertise to the partnership.”
The alliance supports Wemade’s unwavering commitment to developing its presence in the Middle East and North Africa and shows off the company’s expanding skills as an operational and technical provider of blockchain solutions beyond gaming.
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