Name

Wemade Tree

Legal name

WEMADE Co., Ltd.

Website

https://wemade.com

Company type

Public

Founded year

2000

Operating status

Operating

Ownership category

akta.pro rank

Product category

Blockchain Gaming Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Web3/Blockchain Game Studios (MPAFAAAO)

akta.pro secondary industries

Blockchain Game Studios & Game Development (FSAPAGAC), Player Wallets, Identity & Accounts for Games (embedded wallets, SSO, DID) (FSAPAGAF), Interoperability & Asset Bridging for Games (cross-game/cross-chain assets) (FSAPAGAJ)

Keywords

• Blockchain gaming platform
• Web3 game infrastructure
• MMORPG game publishing
• GameFi digital assets
• Stablecoin payment rails

Headquarters

HQ city

Seongnam

HQ country

South Korea

HQ region

Asia

Offices5 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Game Development & Publishing: WEMADE develops and publishes AAA MMORPGs and mobile games (MIR4, Night Crows, Legend of Ymir, MIR5, Anipang, Fantastic Baseball), generating revenue through game sales, in-game purchases, and premium content. The company has achieved $2.92B in total game revenue from 2009-2025 and reached #1 in sales on Google Play and Apple App Store at launch for Night Crows.
2. IP Licensing (Legend of Mir & Chuanqi): WEMADE licenses its Legend of Mir IP to international developers, generating $500M in cumulative royalties (2016-2024) and supporting 80+ licensed games globally. The Chuanqi IP generated $20B in cumulative revenue from licensed games in China (2001-2024). Additional revenue comes from licensing MIR and other WEMADE IP for remakes and spin-offs.
3. Blockchain Platforms (WEMIX ecosystem): WEMIX 3.0, WEMIX Pay, WEMIX Play, and StableNet generate revenue through transaction fees, staking rewards, and platform services within the Web3 ecosystem. The WEMIX 3.0 mainnet has processed over $11B in cumulative transaction volume.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Wemade Tree, a subsidiary of publicly listed Korean game maker WEMADE (KOSDAQ: 112040), operates the WEMIX blockchain platform ecosystem for games, including the WEMIX 3.0 EVM-compatible mainnet, WEMIX Pay payment service, WEMIX Play game platform with cross-game asset interoperability, WEPUBLIC decentralized community platform, and StableNet Layer 1 mainnet dedicated to KRW stablecoins. The company leverages the broader WEMADE group's portfolio of published AAA MMORPGs (Legend of Ymir, Night Crows, MIR 4, MIR 5) and mobile games, alongside strategic AI co-development with NVIDIA for adaptive gameplay.

Product overview

WEMADE operates a dual-platform ecosystem combining game development/publishing with blockchain infrastructure. The game portfolio spans MMORPGs (Legend of Ymir, Night Crows, MIR 4, MIR 5), extraction shooters (The Midnight Walkers), action RPGs (Project TAL), and mobile games (Anipang, Fantastic Baseball). The blockchain division centers on WEMIX 3.0 mainnet supporting WEMIX PAY (payment), WEMIX PLAY (GameFi platform), WEPUBLIC (social/DAO), and StableNet (KRW stablecoin infrastructure). The company leverages AI through NVIDIA collaboration for adaptive gameplay in MIR5 and internal Claude AI tools for business process automation.

Differentiator

Problem solved

Functional benefit

Brands

• WEMIX: Blockchain platform ecosystem with tokenization, asset ownership, and decentralized services. Zero wait time transactions, trusted support, low fees, and limitless scalability.
• WEMIX PAY
• WEMIX PLAY
• WEPublic
• StableNet

Products and services

• WEMIX 3.0 Mainnet High-performance EVM-compatible blockchain mainnet powering WEMADE's Web3 ecosystem with sub-second transaction finality, up to 3,000 TPS, and support for tokenization, digital asset ownership, and decentralized services.
• WEMIX Pay Global blockchain-powered payment service for fast, secure transactions across the WEMIX ecosystem, supporting traditional currencies (USD, EUR, KRW) and cryptocurrencies with rewards for users.
• WEMIX Play Blockchain-based game platform where digital assets have real value and can be traded for real-world crypto coins, with cross-game interoperability allowing players to earn in one game and spend in another.
• WEPUBLIC Platform Decentralized community platform enabling transparent crowdfunding, DAO governance with on-chain records, and community participation in decision-making and fund management.
• StableNet Dedicated Layer 1 mainnet built exclusively for KRW stablecoins, featuring enterprise-grade priority processing accounts, ERC-5564-based secret accounts, EIP-7702 scheduled transfers, and built-in AML/blacklist functionality.
• Legend of Ymir Norse mythology-inspired MMORPG powered by Unreal Engine 5 with a sustainable economic system and deeply immersive combat experience.
• Night Crows Large-scale battle MMORPG set in 13th-century Europe featuring inter-server integrated economy, strategic aerial combat, and next-generation visuals.
• MIR 4 Open-world MMORPG rooted in Eastern fantasy where players craft legends through a free martial arts system, massive battles, and guild-based cooperation and competition.
• The Midnight Walkers Hardcore first-person extraction shooter set in a zombie apocalypse world with strategic PvE and PvP combat combined with exploration.
• Project TAL AAA open-world action RPG reimagining traditional Korean masks and folklore, delivering a deeply immersive single-player experience with strategic combat and a rich narrative.
• MIR 5 Next-generation MMORPG advancing the MIR legacy with advanced tech, expanded universe, and deeper immersion, featuring the AI-powered boss monster Asterion co-developed with NVIDIA.
• Anipang Flagship mobile match-3 puzzle game maintaining long-term success with short play sessions, ranking competitions, and social connectivity.
• Fantastic Baseball: US-Japan Pro Mobile baseball game with official licenses from NPB (Nippon Professional Baseball) and MLB (Major League Baseball), featuring Japanese national team (Samurai Japan) player cards and training events.

Quantifiable outcome

• $2.92B in total game revenue from 2009-2025
• +6 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered flagship and core.

• RazerflagshipGTM or Marketing Partner · 28 February 2026Razer served as the official global partner for the YMIR Cup World Championship esports tournament held at Razer SEA HQ in Singapore (Feb 28 - Mar 1, 2026). Razer provided the venue, equipment (12 laptops), and branding support for the inaugural 600-player MMORPG world championship event.
• Round1 StudiocoreStrategic or Co-development Partner · 29 January 2026Round1 Studio developed 'Fantastic Baseball: US-Japan Pro' published by WEMADE Japan. The game holds the unique distinction of being the first in Japanese gaming history to obtain all three official licenses: NPB (Nippon Professional Baseball), MLB (Major League Baseball), and MLB Players, Inc.
• GAKS (Global Alliance for KRW Stablecoin)coreStrategic or Co-development Partner · 29 January 2026GAKS is a consortium of global tech leaders including CertiK and Chainalysis that WEMADE leads to drive KRW stablecoin innovation and StableNet ecosystem development, with the goal of providing a compliant and scalable infrastructure for KRW stablecoin issuance and payments.
• MicrosoftcoreStrategic or Co-development Partner · 1 January 2025WEMADE collaborates with Microsoft as part of its next-gen gaming technology strategy, alongside NVIDIA partnerships, to drive innovation in AI-powered gaming experiences and cloud infrastructure.
• NVIDIAflagshipStrategic or Co-development Partner · 1 June 2024WEMADE and NVIDIA co-developed the adaptive AI boss monster 'Asterion' for MIR5 using machine learning (RAG) and small language models (SLMs). Initial R&D began June 2024 using NVIDIA's ACE and NIM tools. The Asterion demo was released in early 2025. MIR5 is set to launch on GeForce NOW in 2025 under a newly signed business collaboration agreement including co-marketing and cloud service deployment.
• CertiKcoreTechnology or Integration · 1 January 2023CertiK partnered with WEMADE in January 2023 to strengthen WEMIX 3.0 security, auditing blockchain projects and supporting Project Stable One (KRW stablecoin). CertiK serves as a Node Council Partner (Wonder 9) of WEMIX 3.0 and provides Web3 security auditing and proactive security solutions including Hexagate for the StableNet ecosystem.
• ChainalysiscoreTechnology or Integration · 1 January 2023Chainalysis partnered with WEMADE as part of the GAKS (Global Alliance for KRW Stablecoin) consortium to provide blockchain analytics and data analysis solutions, supporting AML compliance and regulatory requirements for StableNet and WEMIX 3.0.
• MADNGINEcoreStrategic or Co-development Partner · 1 December 2020WEMADE made strategic investments in MADNGINE studio (founded by core developers behind V4 and HIT) in December 2020 and June 2023, providing publishing & operations, market entry strategy, and ongoing marketing and operational support. Night Crows, developed by MADNGINE, reached #1 at launch and generated $10M in 3 days, leading to MADNGINE becoming a WEMADE MAX subsidiary.

Scale indicators13 records

Recent moves19 records

Expansion highlights6 records

Broad incumbents

• Polygon Labs: Polygon is an Ethereum scaling solution with significant gaming adoption and partnerships with major Web3 game studios. While it is broader than gaming, its gaming-focused L2 solutions (Polygon PoS, Polygon zkEVM) compete with WEMIX 3.0 as alternative infrastructure for blockchain game developers.
• Animoca Brands: Animoca Brands is a Hong Kong-based Web3 gaming and metaverse conglomerate that invests in and operates blockchain games, NFT platforms, and token ecosystems. Like WEMADE/Wemade Tree, it pursues a dual strategy of game publishing and blockchain infrastructure, and is one of the most direct competitors in the Web3 gaming space.
• Krafton: Krafton is a major Korean game publisher (PUBG: Battlegrounds, The Callisto Protocol) and a direct competitor to WEMADE's traditional MMORPG and mobile game portfolio. As a fellow KOSDAQ-listed Korean game giant, it is a primary benchmark for valuation and operational scale.
• NCSoft: NCSoft is a leading Korean MMORPG developer (Lineage, Blade & Soul, Aion, Throne and Liberty) and the dominant force in the genre that WEMADE targets with MIR4, Night Crows, and Legend of Ymir. It is a primary competitor for hardcore MMORPG player share.
• Netmarble: Netmarble is a Korean mobile and online game publisher (Lineage 2 Revolution, Marvel Future Fight, Solo Leveling: Arise) that directly competes with WEMADE in the MMORPG and mobile gaming categories, particularly in Asian markets.
• Nexon: Nexon is a Korean/Japanese game publisher (MapleStory, Dungeon & Fighter, FC Online) with a deep MMORPG portfolio and significant presence in both Korea and Japan. It competes with WEMADE across multiple game genres and geographies, including through WEMADE Japan's publishing operations.

Direct peers

• The Sandbox: The Sandbox is a decentralized virtual world and gaming platform built on Ethereum, with a strong focus on user-generated content and NFT-based virtual assets. It competes with WEMIX Play in providing blockchain-based game ecosystems with tradeable in-game assets.
• Immutable: Immutable is a Layer 2 blockchain (Immutable zkEVM) purpose-built for Web3 gaming, offering dedicated gaming infrastructure and the Immutable Play game marketplace. It directly competes with WEMIX Play in providing blockchain infrastructure for game studios and cross-game asset economies.
• Gala Games: Gala Games operates a Web3 gaming platform and its own blockchain (GalaChain) with a portfolio of blockchain-integrated games. It directly competes with WEMIX in building gaming-focused L1 infrastructure and game publishing on Web3 rails.
• Ronin Network (Sky Mavis): Ronin Network is an EVM-compatible blockchain purpose-built for gaming, originally developed for Axie Infinity by Sky Mavis. It competes with WEMIX 3.0 in the gaming-specific L1 space and shares the same thesis of building a chain optimized for play-to-earn economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@WEMADEGlobal
• LinkedInlinkedin.com/company/wemade-co-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wemade Tree