Wemade Tree, the blockchain subsidiary of South Korean gaming giant Wemade, announced it had published its long-awaited crypto wallet and exchange platform – enabling clients to store and trade digital tokens, in-game currencies, and non-fungible tokens (NFTs).
The firm’s pictures show that the wallet features support for two of Wemade’s tokens and chat app operator Kakao’s Klay cryptoasset.
The company stated that its innovative result lets players “acquire digital assets when playing Wemix-based games” – enabling users to use the “digital assets” in games – or exchange them in transactions with other wallet users.c
Wemade Tree CEO Shane Kim informed CNWN that the wallet is a user interface for the Wemix platform that gives decentralized exchange and as well as marketplace functionality for exchanging and trading both Fungible Tokens and NFTs: “Additional functions will be added in the near future.”
And Kim declared that the wallet is also designed for use outside the gaming community. He said,
“In the long run, Wemix will develop into a comprehensive platform that onboards not only Wemix games but also other dapps from other categories. We expect the Wemix Wallet to be used by all sorts of customers – not just gamers.”
As reported by WowTV, the firm also continued that it plans to enhance its new platform with “Blockchain-as-a-Service (BaaS)” functionality “for gaming developers.”
NFTs have grown as a political and industry hot potato in South Korea, with one game developer refused a license by the nation’s gaming regulator last year because its game makes use of NFTs. The government-run body claims that as NFTs can be traded for crypto on blockchain networks, they cannot be approved for general release in gaming titles.
Yet, with major South Korean businesses like Samsung now rolling out NFT-friendly partnerships, it seems the tide might be shifting in favor of industry-inclusive policies.
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