Wemade Next
Wemade Next is a South Korean MMORPG game studio and subsidiary of KRX-listed Wemade Co., Ltd., developing the MIR franchise (MIR4, MIR5) with AI-driven combat (Asterion) and blockchain integration via WEMIX3.0 for global gamers.
- Company typePrivate
- Founded2016
- HeadquartersSeongnam, South Korea
- Headcount—
- GTM typeB2C
- OfferingSoftware
What Wemade Next does
Wemade Next (위메이드넥스트) is a South Korean MMORPG game development studio and a subsidiary of KRX-listed Wemade Co., Ltd. (위메이드), headquartered at WEMADE Tower in Seongnam. Founded in 2016 and led by Representative Park Jung-soo (박정수), the studio develops the MIR franchise, including MIR4, a mobile MMORPG that has reached over 1.4 million peak concurrent users globally, and MIR5, an upcoming PC open-world MMORPG built on Unreal Engine 5. The company layers two distinct technology stacks onto its games: an AI stack comprising a proprietary AI boss called 'Asterion' built with machine learning, SLM, and RAG, co-developed with NVIDIA using NVIDIA ACE, NIM microservices, and Blackwell architecture GPUs; and a blockchain stack running on the WEMIX3.0 platform, surfaced through the WEMIX PLAY distribution layer and operationalized via the HYDRA token economy and the Mirage NFT staking product.
The business model combines standard free-to-play MMORPG monetization (in-app purchases, gacha) with blockchain-mediated revenue streams including NFT transactions and token staking economics, serving a global mass-market consumer base of MMORPG and blockchain-gaming players. Revenue mechanics are diversified across MIR4's existing player base and MIR5's forthcoming PC launch, with distribution amplified by the 2025 NVIDIA GeForce Now cloud-gaming agreement. The company has no disclosed enterprise customers, no standalone funding rounds (capital flows from its listed parent), and no disclosed headcount or revenue figures, making the subsidiary's financials opaque but its strategic positioning — IP heritage, AI differentiation, and blockchain-led inter-game economy — clearly offensive.
Wemade Next firmographics
Firmographics- Name
- Wemade Next
- Legal name
- Wemade Next Co., Ltd.
- Website
- https://www.wemadenext.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Short description
- Wemade Next is a South Korean MMORPG game studio and subsidiary of KRX-listed Wemade Co., Ltd., developing the MIR franchise (MIR4, MIR5) with AI-driven combat (Asterion) and blockchain integration via WEMIX3.0 for global gamers.
- Ownership category
- akta.pro rank
Wemade Next industry classification
Industry- Product category
- MMORPG Online Games
- NAICS
- Software Publishers (5132)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Web3/Blockchain Game Studios (MPAFAAAO)
- akta.pro secondary industries
- Blockchain Game Studios & Game Development (FSAPAGAC), AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs) (HDAEANAJ)
Keywords
Where Wemade Next is headquartered
LocationHeadquarters
- HQ city
- Seongnam
- HQ country
- South Korea
- HQ region
- Asia
Offices1 record
Markets served
Wemade Next business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Game Sales and Services: MMORPG game development and publishing including MIR5 and MIR4, with open world PC MMORPG format and blockchain integration.
- Blockchain/NFT Transactions: NFT character staking, token minting through HYDRA Staking Program (HSP), and inter-game economy using WEMIX3.0 blockchain platform.
- Token Economy: Game tokens including HYDRA and Dracco for in-game economy, with staking programs and synthesis mechanics.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Wemade Next product offering
Product offeringCore offering
Wemade Next is a South Korean MMORPG game development studio that builds open-world massively multiplayer online role-playing games with AI-powered gameplay features and blockchain-based asset ownership. The studio develops and operates the MIR franchise, including MIR4 (mobile MMORPG with 1.4M+ peak concurrent users globally) and MIR5 (a PC open-world MMORPG in development using Unreal Engine 5). Its games integrate NVIDIA AI technologies (SLM, RAG, NVIDIA ACE) for adaptive boss monsters and the WEMIX3.0 blockchain platform for token economies and NFT character staking systems.
Product overview
Wemade Next operates as an MMORPG developer offering a portfolio centered on the MIR franchise. The primary product is MIR5, a PC open-world MMORPG being developed with Unreal Engine 5, which serves as the successor to the globally successful MIR4 mobile game. MIR5 features AI-powered boss combat through the proprietary 'Asterion' system and integrates blockchain tokenomics via the WEMIX3.0-based WEMIX PLAY platform. The company also continues supporting MIR4 with its NFT character staking system (Mirage) and HYDRA token economy. The product ecosystem connects traditional gaming experiences with blockchain-based asset ownership and play-to-earn mechanics.
Differentiator
Problem solved
Functional benefit
Brands
- MIR4: Global hit mobile MMORPG developed by Wemade Next, achieving 1.4+ million concurrent users worldwide.
- MIR5
Products and services
- MIR5 (미르5) PC open-world MMORPG and successor to MIR4, based on the MIR's Legend 2 IP. Features AI-powered boss monsters, blockchain-enabled game economy via WEMIX3.0, and is developed with Unreal Engine 5. Players explore dimensions aboard the 'Shinki Ship' as an expedition team.
- MIR4 (미르4) Mobile MMORPG that achieved over 1.4 million peak concurrent users globally. Features NFT character staking game 'Mirage', HYDRA token economic system, and blockchain integration through WEMIX PLAY platform.
- Mirage (미라지) NFT character staking game within the MIR4 ecosystem where players deposit NFT characters to earn Black Iron and Septaria resources, and participate in Draco refining and Hydra distillation activities through the WEMIX Wallet.
Quantifiable outcome
- MIR4 achieved 1.4 million+ peak concurrent users globally
Companies that use Wemade Next
Customer profileSegments2 records
Ideal customer profiles2 records
Wemade Next technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability4 records
Feature4 records
Wemade Next partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- NVIDIAcoreWemade Next and NVIDIA signed a business cooperation agreement to release MIR5 on NVIDIA's cloud gaming streaming platform 'GeForce Now'. NVIDIA will provide marketing support including advertising and promotional campaigns. Additionally, both companies are jointly developing AI boss 'Asterion' using SLM, RAG, and NVIDIA ACE technologies, with NVIDIA providing Blackwell architecture GPUs.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
Wemade Next competitors and assessment
Company assessmentDirect peers
- Sky Mavis: Developer of Axie Infinity, the flagship play-to-earn/Web3 gaming title. Direct competitor in building MMORPG-scale blockchain-integrated games with token-driven economies and NFT asset ownership models.
- Gala Games: Web3 gaming platform operating its own chain and node ecosystem with multiple blockchain-native game titles. Direct peer in deploying tokenized gaming economies and NFT-driven ownership at scale.
- Immutable: Provider of Immutable zkEVM and StarkEx infrastructure powering Web3 games like Gods Unchained and Illuvium. Comparable in building developer tooling and platforms for blockchain-integrated gaming experiences.
- The Sandbox: Decentralized metaverse gaming platform with NFT land and asset economy. Directly comparable Web3 gaming/metaverse model using tokenomics and player-owned assets.
Broad incumbents
- Animoca Brands: Hong Kong-based Web3 gaming investor and publisher with hundreds of blockchain game titles and the GAMEE platform. Operates broadly across the same Web3 gaming and NFT economy space as Wemade Next's WEMIX PLAY ecosystem.
- NCSoft: Korea's largest MMORPG developer (Lineage, Blade & Soul). Comparable as a Korean-headquartered MMORPG studio operating globally, though without blockchain integration.
- Pearl Abyss: Developer of Black Desert Online, a flagship Korean MMORPG. Comparable as a Korean PC MMORPG developer competing for the same global open-world MMORPG audience as MIR5.
- Krafton: Korean game publisher (PUBG, inZOI). Comparable as a Korean-listed game developer with global hit titles and parent-level strategic resources.
- Square Enix: Publisher of Final Fantasy XIV, one of the largest global subscription MMORPGs. Comparable as a long-running MMORPG franchise operator competing for the same PC MMORPG player wallet.
Others
- Wemade Max: Sibling studio under Wemade Co., Ltd., developing MIR M (mobile). Ecosystem participant within the same parent group, sharing the MIR IP and WEMIX platform, making it adjacent rather than competitive.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Wemade Next financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wemade Next leadership team
Management profileNumber of profiles
Profiles1 record
Wemade Next funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wemade Next M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wemade Next
What does Wemade Next do?
Wemade Next is a South Korean MMORPG game development studio that builds open-world massively multiplayer online role-playing games with AI-powered gameplay features and blockchain-based asset ownership. The studio develops and operates the MIR franchise, including MIR4 (mobile MMORPG with 1.4M+ peak concurrent users globally) and MIR5 (a PC open-world MMORPG in development using Unreal Engine 5). Its games integrate NVIDIA AI technologies (SLM, RAG, NVIDIA ACE) for adaptive boss monsters and the WEMIX3.0 blockchain platform for token economies and NFT character staking systems.
Is Wemade Next a public or private company?
Wemade Next is a private company. It is classified as corporate owned and is currently operating.
When was Wemade Next founded?
Wemade Next was founded in 2016.
Where is Wemade Next based?
Wemade Next is headquartered in Seongnam, South Korea, in the Asia region.
How does Wemade Next make money?
Three revenue lines are on record. Game Sales and Services are the primary driver. The others are blockchain/NFT Transactions and token Economy.
Who are Wemade Next's main competitors?
Direct peers on record are Sky Mavis, Gala Games, Immutable and The Sandbox. Broad incumbents are Animoca Brands, NCSoft, Pearl Abyss, Krafton and Square Enix. Wemade Max is listed as an others.
Does Wemade Next have an API?
No public API is recorded for Wemade Next.
What industry is Wemade Next in?
Wemade Next's product category is MMORPG Online Games. Its primary akta.pro industry code is MPAFAAAO, Web3/Blockchain Game Studios, with a secondary code of FSAPAGAC, Blockchain Game Studios & Game Development. Its NAICS code is 5132 and its SIC code is 7371.