Wemade Co., Ltd., a South Korean video game developer, secured a strategic partnership with the Dubai International Financial Centre Innovation Hub (DIFC). The company plans to build its WEMIX Play Center in Dubai with the collaboration.
As per The Korea Economic Daily, WeMade has partnered with DIFC's Innovation Hub to set up its play center and seek crypto accreditation in the local market. The company announced its new partnership in Dubai on Wednesday, Dec. 6.
The WEMIX PLAY Center
WeMade will open its WEMIX PLAY Center near DIFC's Innovation Hub. According to Pulse News, the primary purpose of this facility is to provide space for game companies linked to WEMIX, a native coin of the WEMIX ecosystem.
At any rate, the play center will be established within DIFC by the Dubai government. WeMade's facility is hoped to help fulfill the Innovation Hub's goal of attracting international companies specializing in gaming, artificial intelligence (AI), and blockchain.
Cryptocurrency Plans in Dubai Market
WeMade said it is the first Korean gaming firm to ally with the DIFC Innovation Hub. As it starts business in the country, the company revealed it also has plans for crypto operations here. Wemade is also working on an application for Crypto Token Recognition from the Dubai Financial Services Authority(DFSA), the DIFC's Financial Regulator. It hopes to get the approval and join Bitcoin, Litecoin, Ethereum, TON, and Ripple in the list of approved digital currencies.
"Global game developer Wemade and DIFC Innovation Hub, today announced a partnership to build a WEMIX-centric web3 gaming community that will help boost Dubai's gaming ecosystem development and support the aims of the Dubai Program for Gaming 2033," WeMix stated in a press release. "The Wemade-DIFC Innovation Hub collaboration plans to focus on core initiatives, including establishing WEMIX PLAY Center within the DIFC Innovation Hub for WEMIX PLAY."
The company added, "With a primary aim to onboard game companies and the facilitation in raising US$100 million Web3 Gaming fund to support the developers, studios, and entrepreneurs. As part of the collaboration which shall aim towards holding a renowned Web3-related event to further promote its efforts."
Photo by: WeMix Communication Center