In an unprecedented collaboration, South Korean gaming company WEMADE has joined forces with the DIFC Innovation Hub to establish the WEMIX PLAY Center, a global Web3 gaming hub situated within the Dubai International Financial Centre (DIFC). The partnership signifies a strategic move to position Dubai as a prominent player in the Web3 gaming industry.
Investment Commitment for Web3 Development:
WEMADE, with its headquarters in South Korea, plans to anchor a substantial $100 million investment fund as part of the initiative. The focus of this fund is to provide a robust go-to-market pipeline for Web3 game developers, aligning with the vision to optimize the burgeoning opportunities within the gaming sector.
“Empowering Dubai’s Gaming Ecosystem”
The WEMIX PLAY Center aspires to contribute to the development of Dubai’s gaming ecosystem and actively support the ‘Dubai Program for Gaming 2033.’ The overarching goal is to position Dubai among the top 10 cities globally in the gaming industry.
Web3 Event Launch in Collaboration:
As a testament to their collaborative efforts, WEMADE and DIFC Innovation Hub plan to launch a Web3 event in Dubai during the first quarter of 2024. This event aims to further propel the adoption and integration of Web3 technologies within the gaming landscape.
“WEMADE: Pioneering as a DIFC Innovation Hub Partner”
WEMADE proudly claims the distinction of being the first South Korean game developer and Web3 gaming company to become a DIFC Innovation Hub partner. This strategic alliance not only reflects WEMADE’s commitment to innovation but also positions the company at the forefront of Web3 gaming developments in Dubai.
WEMIX PLAY Platform Access:
The partnership extends beyond physical infrastructure, as the DIFC Innovation Hub facilitates targeted access to millions of active Web3 game players on the WEMIX PLAY platform. WEMIX PLAY serves as WEMADE’s native game platform for Web3 games and currently boasts a diverse portfolio featuring over 65 games from third-party developers.
“CEO Insights and Commitment to Dubai’s Innovation”
Henry Chang, CEO of WEMADE, expressed admiration for the UAE’s dynamism as a hub for innovation. He emphasized that the collaboration with DIFC Innovation Hub underscores WEMADE’s dedication to fostering Dubai’s evolution into a central hub for global Web3 gaming. Chang envisions the establishment of an enriched environment for global game developers and studios, leveraging Dubai’s unique advantages for global game distribution.
Mohammad AlBlooshi, CEO of DIFC Innovation Hub, highlighted the significance of establishing a robust gaming industry in advancing Dubai’s digital ecosystem. This initiative aligns with broader economic diversification efforts and aims to stimulate employment in the sector over the next decade, in harmony with the objectives outlined in the Dubai Program for Gaming 2033.
Continued Momentum in Innovation:
This collaboration follows the trend of innovation-focused investments at the DIFC Innovation Hub, with investors actively participating in funding for the Trends analytics platform in December 2023. The collective efforts underscore Dubai’s commitment to fostering a dynamic digital landscape and nurturing industries poised for exponential growth in the coming years.
