Wemade reports $131 million in revenue in Q1 2022, reveals plans for H2 2022
Wemade invests in 22 different projects across various areas of blockchain in the first half of 2022
Leading blockchain gaming startup Wemade today released financial results for the first quarter 2022, providing an overview of significant events in the first half of this year as well as expectations for the remainder of this year.
Wemade reported first-quarter 2022 sales revenue of $131 million, operating profit of $6.5 million, and net profit of $400,000, respectively. The figures show Wemade’s explosive expansion, with net earnings up an astounding 72 percent from the previous year.
WEMIX played a key role in Wemade’s success
WEMIX, a leading blockchain gaming platform powered by Wemade, is a key factor in this achievement. Nine new games have recently been added by Wemade to WEMIX, including well-known games like Rise of Stars, Dark Eden M, and Crypto Ball Z. The firm also stated that it aimed to have 100 games available on the platform by the end of 2022, and it is anticipated that this number will increase significantly in the second half of this year.
In addition, during the first half of 2022, the corporation invested in 22 projects related to blockchain technology, both gaming-related and not. The range of industries included in Wemade’s investment portfolio includes the metaverse, DeFi, machineFi, game creation, digital content, and more.
In addition to Cadenverse, a music-to-earn platform developed by Vietnamese publisher Amanotes, SYGNUM, Spartan Capital, and metavese for luxury fashion brands ALTAVA, Wemade, a lead investor in Old Fashion Research Group’s fundraising series, has invested in Envisible, a developer of the metaverse, XXBLUE, a platform for digital content, Blockpour, and a multichain DeFi data aggregation and analysis platform.
Wemade plans to launch WEMIX 3.0 later this year
Wemade’s mainnet, WEMIX3.0, will launch in the third quarter of 2022 as part of ongoing efforts to strengthen its position in the blockchain community in the second half of the year. More features, including the user-friendly game launcher WEMIX PLAYER, will soon be added to the company’s blockchain gaming platform, WEMIX PLAY.
The WEMIX 3.0 mega-ecosystem will also include WEMIX PLAY, a DAO-based NFT platform, NILE (NFT Is Life Evolution), and WEMIX DeFi Service. The foundation of the entire platform will be the soon-to-be-implemented WEMIX Dollar (WEMIX$), a stablecoin that is fully collateralized.
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