Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
FxWirePro- Major Crypto levels and bias summary 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
WeMade Entertainment Co., Ltd, a South Korean video game developer known for its massively multiplayer online role-playing game (MMORPG) game series called “Legend of Mir,” is set to open the first online NFT game exchange in Korea next month.
WeMade Co. will launch the non-fungible token game exchange so users can trade characters and other in-game items as cryptocurrencies. As the number of game developers entering the NFT sphere continues to grow, experts can see the blockchain-based game market becoming even more competitive soon.
WeMade is the latest Korean game developer to announce its foray into crypto-based gaming. According to The Korea Economic Daily, the company will unveil its NFT game exchange called the Mir4NFT.
Apparently, it has based the name on its most successful MMORPG, “The Legend of Mir” game series. The company will be unleashing Mir4NFT on Dec. 14.
Once the site is up, gamers can open an account on the Mir4NFT game exchange, and they can begin trading game characters they have created or items they have accumulated while playing. Users must use the currency created by WeMade called WEMIX, which can be bought in foreign or local crypto exchanges.
NFTs based on the game’s IP or intellectual property already exist, but WeMade’s Mir4NFT will be the very first NFT exchange where the contents in a game are linked. After the company launched its game exchange, Com2Us, Gamevil, and NCSoft Corp. are also expected to release NFT-based games.
In the case of another Korean gaming company, Kakao Games Corp., it is likely to become the second game developer to open an NFT game exchange. Its platform is reportedly ready sometime next year.
At any rate, while more and more companies are revealing their plans to incorporate NFT into their games, South Korea pushed through with its move to ban blockchain-based video games that give cashable NFTs as a reward.
Forkast previously noted that players of WeMade’s MIR4 game couldn’t experience the game in its entirety because the local version does not have play-to-earn features that are being enjoyed by gamers overseas since the ban is in effect in Korea. It is yet to see how WeMade’s upcoming Mir4NFT game exchange will be affected by the policy set by Korea’s Game Rating and Administration Committee.
