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Web3 platform Space and Time teams up with Wemade to revolutionize blockchain gaming

TL;DR

  • Space and Time, a web3 data warehousing platform, is partnering with publicly listed South Korean gaming firm Wemade.
  • The platform recently unveiled plans to launch an Ethereum Layer 2 protocol utilizing zero-knowledge proof (ZKP) technology.

Space and Time, a web3 data warehousing platform, is partnering with publicly listed South Korean gaming firm Wemade. Founded in 2000, Wemade is best known for its popular roleplaying game “The Legend of Mir 2”, which was highly successful in China. However, the company has shifted its focus towards metaverse and blockchain technologies and offers over 20 play-to-earn games. This strategic partnership will enable Wemade to leverage Space and Time’s suite of developer tools to power its gaming services. Space and Time are designed to combine on-chain and off-chain data in a single secure environment, allowing companies to carry out enterprise-level analytics and complete transactions quickly.

Space and Time CEO plans to focus on web3 gaming and DeFi protocols

In a recent interview, Space and Time CEO Nate Holiday revealed the company’s plans to focus on web3 gaming and DeFi protocols. He asserted that blockchain gaming companies require a unified warehouse for their transactional and analytics data to identify the correlation between in-game events and online transactions.

Space and Time will also help Wemade maximize its earning payouts, run secure analytics against gaming activity, and minimize on-chain storage costs by utilizing the data warehouse. This was further confirmed in the company’s official release.

“We believe that blockchain is the future of gaming, offering gamers greater ownership and control over their digital assets, Wemade’s blockchain developer subsidiary. As the blockchain transformation of traditional games continues to grow, the partnership with Space and Time will help strengthen our blockchain infrastructure capabilities and contribute to our commitment to building an inter-game economy.”

Shane Kim, the CEO of Wemix

Wemix has its own digital token, “Wemix coin,” currently trading around $1.80. Also, the platform recently unveiled plans to launch an Ethereum Layer 2 protocol utilizing zero-knowledge proof (ZKP) technology. Microsoft has expressed its support for both Wemade and Space and Time, with Wemade raising $46 million from investors in November 2020 and Space and Time securing $20 million in a strategic funding round in September 2022.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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