In a significant leap towards positioning Dubai as a key player in the global gaming industry, WEMADE, a prominent global gaming company based in South Korea, and the DIFC Innovation Hub have jointly unveiled a strategic partnership. This collaboration aims to establish the ‘WEMIX PLAY Center,’ a global Web3 gaming hub, as part of Dubai’s ambition outlined in the ‘Dubai Program for Gaming 2033.’
Pioneering Web3 Advancements in Dubai
The DIFC Innovation Hub, recognized as a leading center for technology and innovation in the MEASA region, welcomes WEMADE as the first South Korean gaming company to participate in its accelerator programs and leverage its supportive regulatory frameworks. This collaboration signifies WEMADE’s commitment to enhancing Dubai’s gaming ecosystem and contributing to the city’s goal of securing a spot among the top 10 global gaming cities.
Under this partnership, WEMADE and the DIFC Innovation Hub will focus on establishing the ‘WEMIX PLAY Center’ within the hub, dedicated to onboarding Web3 game companies. To maximize this opportunity, a substantial USD100 million investment fund will be created, with WEMADE leading the fund and providing a crucial go-to-market pipeline for Web3 game developers.
Fostering the WEMIX Ecosystem with Strategic Investments
The collaboration aims to expand the WEMIX ecosystem, utilizing the ‘WEMIX PLAY Center’ to connect with the thriving Web3 gaming community. WEMADE’s native game platform, WEMIX PLAY, already hosts over 65 games from third-party developers in addition to its main IPs. The investment fund, anchored by WEMADE, is poised to play a pivotal role in providing financial support and resources for the growth of Web3 game developers associated with the ‘WEMIX PLAY Center.’
Henry Chang, CEO of WEMADE, emphasized the strategic importance of this collaboration in Dubai, highlighting the nation’s dynamic innovation landscape. He underlined WEMADE’s commitment to fostering Dubai’s evolution into a global Web3 gaming hub, providing an enriched environment for developers and studios to leverage Dubai’s unique advantages for the global distribution of their games.
Mohammad AlBlooshi, CEO of DIFC Innovation Hub, expressed excitement about welcoming WEMADE to the vibrant ecosystem at the hub. He stressed the significance of this collaboration in strengthening Dubai’s position as a global innovation hub and nurturing the next generation of gaming industry talent. AlBlooshi highlighted the potential impact on Dubai’s digital ecosystem, contributing to economic diversification efforts and boosting employment in the gaming sector, aligning with the goals outlined in the ‘Dubai Program for Gaming 2033.’
Charting the Future: Web3 Event and Collaborative Initiatives
As part of the partnership, WEMADE and DIFC Innovation Hub plan to organize a Web3 event in Dubai during the first quarter of 2024. This event will serve as a platform to showcase the advancements in Web3 gaming and further solidify Dubai’s status as a hub for innovation in the gaming industry.
In conclusion, the collaboration between WEMADE and DIFC Innovation Hub marks a crucial milestone in Dubai’s journey towards becoming a global gaming powerhouse. With the establishment of the ‘WEMIX PLAY Center’ and the groundbreaking investment fund, the partnership is set to drive significant advancements in Web3 gaming, fostering innovation, talent, and economic growth in the region.