Source: Wemade Tree
Wemade Tree, the subsidiary of South Korean gaming giant Wemade, has launched its crypto wallet and exchange platform that allows users to store and trade digital tokens, currencies that can be used within the US, wild and non-fungible tokens (NFT).
Images released by the company show that the wallet supports two of Wemade’s own tokens as well as the crypto-asset Klay from the chat app operator Kakao.
The company said its new solution will enable gamers “to acquire digital assets while playing Wemix-based games” or to trade them in transactions with other wallet users.
Also read: Samsung is expanding its crypto wallet to include anti-money laundering functions.
Shane Kim, CEO of Wemade Tree, told Cryptonews.com that the wallet is a user interface for the Wemix platform that offers decentralized exchange and even market-based functionality for exchanging and trading fungible tokens and NFT: “In the near future more functions will be added. “
Kim claimed the wallet was intended for use outside of the gaming community as well. He explained,
“In the long term, Wemix will evolve into a complete platform that supports not only Wemix games but other apps from other categories as well. We hope that the Wemix wallet will be used by all types of customers, not just gamers.” .
According to WowTV, the company added that it plans to update its new platform with the “Blockchain-as-a-Service (BaaS)” feature “for game developers”.
NFTs have become a hot topic politically and industrially in South Korea. Last year a game developer was denied a license by the National Gaming Regulatory Authority because their game used NFTs. The government agency says that NFTs can be exchanged for cryptocurrency but cannot be approved for general publication in games.
Since large South Korean companies like Samsung have already entered into favorable partnerships with NFTs, the tide seems to be turning in favor of an integrative industry policy.
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