Connect with us

Blockchain

Microsoft Backs Blockchain-Focused Gaming Company WeMade

Published

on

Reading Time: 3 minutes

 

Over the last few years, Microsoft has been venturing out and investing in new sectors of technology, such as investing in Space and Time, a decentralised data warehouse. Microsoft’s investments in areas such as Web3 are a sign of the times, as many large-cap technology companies have adopted the idea since 2021.  Web3 is an idea that uses cryptocurrencies and blockchain technology to provide internet users with data security, privacy, and scalability.

Microsoft’s Latest Venture

Most recently, we have seen Microsoft back WeMade, a South Korean video game developer that has made several aggressive bets on blockchain technology over the years. WeMade is best known for creating the Legend of Mir series, which has attracted more than 120 million users in Asia. The company’s games, such as Legend of Mir 2, generate over $20 million per month in China alone, highlighting the dominating presence WeMade has in the Asian gaming market. WeMade is also a progressive video game company that has been exploring different ways to incorporate blockchain into its games.

WeMade’s Work In Blockchain

The company’s objective is to use blockchain technology to transform everyday games and to have its stablecoin used as one of the main currencies in the blockchain gaming market. Microsoft recognises the private company’s potential, investing $14.8 million in the company through convertible bonds, as per regulatory filings. Shinhan Asset Management and Kiwoom Securities also backed the blockchain gaming-focused company, with Shinhan investing $21.2 million and Kiwoom investing $10.5 million. These three investments are just the beginning of WeMade’s plans to build its global blockchain gaming ecosystem.

WeMade is at the forefront of blockchain gaming, which is why the company is receiving significant backing from some of the most respected companies in the gaming sector. Blockchain already has a considerable presence in the gambling industry and brings with it many advantages. Casinos that embrace blockchain allow individuals to play games solely using crypto by supporting the most popular digital currencies available. This means that players don’t have to wait a long time to get payouts or register to play games like blackjack and slots in the crypto gaming space. These are the defining features of the best crypto casino online. The increasing presence of blockchain in gaming and online gambling makes one wonder if it will make its way into sports betting.

There are also blockchain-based games that let players have real ownership of in-game assets, such as CryptoKitties, a platform developed by Canadian studio Dapper Labs in Vancouver, British Columbia. In 2018, CryptoKitties received backing from Steph Curry after partnering with the Golden State Warriors star to release the first-ever celebrity-branded CryptoKitty. Each CryptoKitty represented Curry’s interests and skills, such as his passion for cooking.

Where Else Are We Seeing The Idea Of Web3?

Microsoft may be investing in blockchain and Web3, but the technology company isn’t the only one. While some critics have pointed out concerns over Web3’s decentralisation, and Jack Dorsey and Elon Musk have both said the idea serves only as a marketing term, companies like Nike are still moving into this space.

During the week of November 14th, 2022, Nike announced that it is launching a Web3-enabled platform called ‘.Swoosh’. The platform will allow people to collect and trade digital items like virtual sneakers and the Nike .Swoosh platform is expected to launch in January 2023. It is meant to encourage customers to become co-creators in digital product royalties. The platform’s digital collectibles can be used in Web3 games such as t-shirts and sneakers, and the company also stated that users will be able to unlock real-world benefits through Web3 technology, including conversations with pro athletes.

Microsoft has been investing in new industries for years, and WeMade has been making a global name for itself in blockchain gaming at the same time. It’s not a surprise that the two companies have finally come together, with Microsoft investing a substantial amount of capital in the South Korean video gaming company. The future is blockchain gaming, and Microsoft will be glad the company got its foot in the door in the beginning.

Asia

Fandoms Unite at the Inaugural NEXUS FAN FAIR, Organised by Philippine Blockchain Week 2023, in Manila on Sept. 19-21

Published

on

Reading Time: 2 minutes

 

Pop culture universes will collide when the first-ever NEXUS FAN FAIR launches in the Philippines. Presented by Tier One Entertainment and organised by Philippine Blockchain Week 2023 (PBW) from September 19 to 21 at the MGBX Convention Hall in Newport World Resorts’ Marriott Grand Ballroom, NEXUS FAN FAIR will be an epic celebration for fans of gaming, technology, entertainment, music and more.

Fans of every kind will enjoy browsing the expo area, where merchant booths will offer a variety of games, merchandise and other collectibles. The electrifying event will feature top tier talents such as world champion-caliber esports team Blacklist International, alongside renowned streamers and content creators. Ticket holders will have the exclusive opportunity to win exciting giveaways and collectibles unavailable anywhere else. In addition, the community stage will host a series of engaging talks and panel discussions featuring handpicked artists, influencers and celebrities, all of whom will be available for Meet-and-Greets.

Meanwhile, at Philippine Blockchain Week, K-Pop followers will get a special treat with the debut Southeast Asian performance of the TripleS sub-unit EVOLution, hot on the release of their sister sub-unit LOVElution’s first album. As a special bundle, tickets for NEXUS FAN FAIR will be free of charge for fans who purchase an EVOLution concert ticket.

Since 2017, Tier One Entertainment has led the field in esports and gaming entertainment in Southeast Asia. With NEXUS FAN FAIR, Tier One will solidify their position as the premiere destination for pop culture lifestyle.

NEXUS FAN FAIR is organised by Philippine Blockchain Week 2023 with the participation of platinum sponsors Smart Communications and Philippine Airlines; gold sponsors Metafarms and TierOne Entertainment; and bronze sponsors Gala Games, Assemble Stream Inc, Maya Philippines and technology partner Xctuality Pte Ltd. PBW’s official legal partner is Gorriceta Africa Cauton & Saavedra, while platinum media partners include DOOH and Rakuten Viber; gold media partners are CNN Philippines, Forkast News, Philstar Media Group and YourPRStrategist; and silver media partners are Jinse Finance and KTRO Media.

Continue Reading

Blockchain

BetConstruct Introduces New Possibilities with Multi-Wallet & Custom Token Features

Published

on

Reading Time: < 1 minutes

 

As one of the pioneers bringing crypto technologies to the iGaming world, BetConstruct constantly creates offerings for businesses to dive into new opportunities.

BetConstruct’s latest innovative solutions, as of today, are the Multi-Wallet and Custom Token features, created to tie crypto and iGaming businesses with tighter knots.

The multi-wallet solution is promised to become a game-changer for players and partners alike. Now, users can seamlessly manage multiple wallets, including cryptocurrencies and fiat, for deposits, withdrawals, and gameplay, without the need for conversions. The solution also makes the integration with preferred crypto wallets like Metamask easy and accessible to everyone.

In addition, partners can also tap into this solution to create new Custom Tokens – mirroring the success of FTN. These tokens, created on Bahamut and powered by smart contract software, feature customisable variables to suit diverse business needs.

Regarding the technical aspects of the offer, BetConstruct support extends to maintaining the token listings on both centralised and decentralised exchanges, including technical backing of liquidity management, market-making, promotions, and marketing.
Moreover, legal inquiries find a resolution as well. BetConstruct offers help in forming token-issuing entities, drafting and reviewing whitepapers, providing legal opinions, setting up bank accounts, preparing agreements, and acquiring crypto exchange licences across various jurisdictions.

Stepping into a new era, BetConstruct is revolutionising the crypto-iGaming landscape with its user-friendly Multi-Wallet & Custom Token features. The new crypto management and token personalisation solutions are believed to mark a significant leap forward, forging stronger connections for businesses to explore a realm of exciting possibilities.

Continue Reading

Blockchain

Bahamut Successfully Passes Hexens’ and Certik’s Audit: Strengthening Trust through Transparency and Security

Published

on

Bahamut Successfully Passes Hexens' and Certik's Audit: Strengthening Trust through Transparency and Security
Reading Time: < 1 minutes

 

Bahamut has successfully passed the audit by Hexens and Certik. This technical and economic assessment is an essential part of the commitment to maintaining high security, transparency, and performance within our blockchain network.

The technical audit scrutinized the codebase, infrastructure, and security protocols, verifying the robustness of the blockchain foundation. Economic modelling was performed regarding activity generation and accumulation to identify any weak spots or ways to exploit the system.

Bahamut emphasizes the importance of transparency and trust. The dual-audit approach assures a comprehensive and multi-dimensional assessment of the systems, fostering greater user confidence.

Continue Reading
Advertisement

GambleDex

Advertisement
EveryMatrix


Trending

Get it on Google Play

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2023 - European Gaming is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.