Banzan Studios are creators of 'BaBlah', a first of its kind Virtual Character who aims to entertain global mobile first audiences

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In a landmark move, Singapore's Whampoa Digital and South Korea's Wemade, a prominent player in the gaming industry, have announced a strategic partnership to establish a $100 million Web3 Fund and launch digital asset initiatives in the Middle East. This collaboration brings together Whampoa Digital's technological prowess and Wemade's gaming expertise. The partnership will focus on mutual referrals and co-investments in the burgeoning Web3 sector. A notable aspect of this alliance is the establishment of the Wemade Web3 Fund, aimed at nurturing promising gaming studios and blockchain projects, particularly those that plan to establish a presence in the WEMIX PLAY Center at Dubai International Financial Centre’s Innovation Hub (DIFC Innovation Hub). The synergy between the two firms is further underscored by a non-binding memorandum signed today, underlining their commitment to develop blockchain infrastructure and solutions tailored to the gaming and Web3 industries. This collaboration is expected to facilitate the seamless integration of digital assets in the global financial ecosystem. Wemade's , a global Web3 gaming platform, already boasts over 250,000 concurrent players and a suite of blockchain solutions. The company has made significant investments in gaming studios such as Lionheart Studio, Shift Up, and MADNGINE. WEMIX PLAY The upcoming WEMIX PLAY Center at the DIFC Innovation Hub is envisioned as a global hub for Web3 gaming. The $100 million Wemade Web3 Fund will provide crucial support and mentorship to its investee companies, leveraging the state-of-the-art facilities at the DIFC Innovation Hub, the largest innovation community in the MENA region. part of the Whampoa Group, has a strong track record in digital asset investment and Web3 ventures. The company is currently establishing the Singapore Gulf Bank in Bahrain, aimed at offering digital banking services to participants in the digital economy. Whampoa Digital, Aureole Foong, Senior Partner at Whampoa Group, expressed enthusiasm about the partnership, seeing it as an opportunity to explore new frontiers in the digital asset industry and foster innovation in the rapidly growing Middle East Web3 space. Wemade's CEO, Henry Chang, emphasized the mutual benefits of this partnership, sharing their commitment to expanding collaborations globally and enhancing their footprint in the Middle East and North Africa region. This partnership signifies Wemade’s expanding capabilities in blockchain solutions beyond gaming and underlines its dedication to growth in the Middle East. For more information about Wemade, visit www.wemix.com/communication. For details on Whampoa Digital, visit Whampoa Digital's website. This story was distributed as a release by CryptoAdventure under HackerNoon’s Business Blogging  Program. Learn more about the program here: https://business.hackernoon.com/

Whampoa Digital and Wemade Launch $100M Web3 Fund and Digital Asset Initiative in the Middle East

Whampoa ডিজিটাল এবং Wemade মধ্যপ্রাচ্যে $100M ওয়েব3 ফান্ড এবং ডিজিটাল সম্পদ উদ্যোগ চালু করেছে

Whampoa Digital und Wemade starten Web3-Fonds und Digital-Asset-Initiative im Wert von 100 Millionen US-Dollar im Nahen Osten

Whampoa Digital y Wemade lanzan un fondo Web3 de 100 millones de dólares y una iniciativa de activos digitales en Oriente Medio

Whampoa Digital et Wemade lancent un fonds Web3 de 100 millions de dollars et une initiative sur les actifs numériques au Moyen-Orient

व्हामपोआ डिजिटल और वेमेड ने मध्य पूर्व में $100M वेब3 फंड और डिजिटल एसेट पहल लॉन्च की

Whampoa Digital と Wemade が中東で 1 億ドルの Web3 ファンドとデジタル アセット イニシアチブを立ち上げ

Whampoa Digital과 Wemade, 중동에서 1억 달러 규모의 Web3 펀드 및 디지털 자산 이니셔티브 출범

Whampoa Digital e Wemade lançam fundo Web3 de US$ 100 milhões e iniciativa de ativos digitais no Oriente Médio

Whampoa Digital и Wemade запускают фонд Web3 стоимостью 100 миллионов долларов и инициативу по цифровым активам на Ближнем Востоке

Whampoa Digital ve Wemade, Orta Doğu'da 100 Milyon Dolarlık Web3 Fonu ve Dijital Varlık Girişimini Başlatıyor

Whampoa Digital và Wemade ra mắt Quỹ Web3 và Sáng kiến tài sản kỹ thuật số trị giá 100 triệu USD ở Trung Đông

黄埔数码与 Wemade 在中东推出 1 亿美元 Web3 基金和数字资产计划

In approaching the specifically sexual aspect of odor in the human species

On Affective Computing: Past Imperfect, Future Impactful

BANZAN STUDIOS

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BANZAN STUDIOS

banzan.co

-- employees

Since n.d.

COMPANY RANKING

BANZAN STUDIOS

EVERGREEN INDEX #1693

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