TechFlow News — South Korean gaming giant Wemade, operator of blockchain-based gaming platform WEMIX, has announced a strategic financing of 66 billion KRW (approximately $46.57 million USD) through convertible bonds, according to CoinDesk Korea. Investors include Shinhan Asset Management, Kiwoom Securities, and Microsoft. Wemade CEO Charlie Zhang stated, “Wemade and WEMIX will continue striving to secure investments and actively build a global digital economy platform.”
Regarding the Digital Asset Exchange Association (DAXA) issuing an investment warning for Wemix, the platform token of blockchain gaming platform Wemix, Zhang responded that Wemade is currently in communication with DAXA, denying rumors of delisting. Zhang acknowledged the company failed to disclose information to the community promptly, explaining that Wemix typically releases detailed updates on a quarterly basis, which may lead to delays. Additionally, he confirmed that Wemix tokens have not yet been allocated to the team, and the company is still researching how best to utilize the token. Original link
