- South Korean gaming firm Wemade is partnering with Singapore’s Whampoa Digital.
- The move supports Wemade’s plans for a Web3 hub in Dubai’s financial district.
- Wemade built the hit franchise Legend of Mir and recently launched blockchain offerings.
South Korean gaming company Wemade is partnering with Singapore-based Whampoa Digital to launch a $100 million Web3 investment fund.
Targeting Middle East and North Africa
Together, the firms will provide capital to blockchain projects and gaming studios across the Middle East and North Africa.
The move aligns with Wemade’s plans for a Web3 hub in Dubai’s financial district, where the fund will also house an office.
The Dubai complex and an innovation center run by the district authority will offer facilities and mentorship opportunities to the fund’s portfolio companies.
About Wemade
Founded in 2000, Wemade created the hit Legend of Mir franchise.
The company recently built out blockchain offerings like its Wemix tech ecosystem and Wemix Play gaming platform, with over 250,000 users.
Wemade has additionally backed gaming studios like Lionheart Studio.
Exciting Times Ahead
Whampoa Digital is the investment arm of multifamily office Whampoa Group, whose holdings include TikTok parent ByteDance and crypto leader Binance.
The collaboration with Wemade marks Whampoa’s first Web3 fund.
