Microsoft Invests In Korean Blockchain Company

It was recently announced that Microsoft had invested in the Korean blockchain company Wemade. This comes after the organization announced it had raised $46 million from businesses like Microsoft, Shinhan Asset Management, and Kiwoom Securities.

At this time, it’s unclear how much money Microsoft contributed to Wemade. However, Wemade explained that it had “remarkably succeeded to attract new capital from… a foreign strategic investor at favorable conditions.”

“This is a meaningful investment by reputable financial and strategic investors with proven track records,” said Wemade CEO Henry Chang. “Wemade and Wemix will continue to exert efforts to attract more capital and actively invest to build the global digital economy platform.”

Since being founded in 2000, Wemade has become one of the most powerful video game companies in all of Asia. The Legend of Mir series is the organization’s most famous intellectual property.

(All information was provided by TechCrunch, Video Games Chronicle, and Wikipedia)

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