Organization Name – Wemix
Category – 
Experiences
WEMIX is a blockchain-based gaming platform developed by WEMADE, a South Korean game company. Launched in 2019, WEMIX aims to revolutionize the gaming industry by integrating blockchain technology int…o game development and operation. The platform provides a comprehensive ecosystem that includes decentralized applications (dApps), games, decentralized autonomous organizations (DAOs), decentralized finance (DeFi), and non-fungible tokens (NFTs).
WEMIX operates on an Ethereum Virtual Machine (EVM)-compatible public chain and employs a Stake-based Proof of Authority (SPoA) consensus algorithm. The network is maintained by 40 Node Council Partners (NCPs), ensuring security and decentralization.
One of the key components of the WEMIX ecosystem is WEMIX PLAY, a blockchain gaming platform that integrates various games into the WEMIX ecosystem, providing users with a seamless gaming experience.
Another significant component is NILE (NFT Is Life Evolution), a DAO, NFT, and Life dApp platform that forms a blockchain-based civilization. Using the Neith Protocol, the DAOs operate transparently and democratically, facilitating a structured system for user participation in platform activities.
WEMIX also offers decentralized financial services, providing users with various financial tools and platforms within the WEMIX ecosystem, promoting financial inclusion and innovation.
The platform’s architecture comprises three types of logical networks: Block Producer Network (BPN), Bridge Node Network (BNN), and End Node Network (ENN). This layered structure achieves high-performance real-time operations by modifying governance, consensus, and network protocol elements in go-Ethereum.
In August 2021, WEMIX released its flagship title MIR4 to over 170 countries worldwide, marking it as the world’s first commercially successful MMORPG to incorporate a blockchain economy. This event triggered an unprecedented paradigm shift in the gaming industry, driving the widespread adoption of blockchain technology in existing games.
WEMIX’s native token, WEMIX, is used for transactions, governance, and various other purposes within the ecosystem. The platform also introduced WEMIX$, a stablecoin with 100% collateralization of on-chain and off-chain secure assets such as USDC and fiat currencies.
Overall, WEMIX represents a significant advancement in the integration of blockchain technology into the gaming industry, offering a robust and decentralized ecosystem for developers and players alike. Read More
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