ChainCatcher news, according to Edaily, South Korea's two major gaming companies Nexon and Wemade have confirmed that they currently have no plans to profit from their holdings of Bitcoin.Nexon holds only 1,717 Bitcoins, with an average purchase price of $58,226 per coin. The company emphasizes that Bitcoin is regarded as an asset equivalent to cash and has no intention of engaging in short-term trading based on market fluctuations.Wemade holds 223 Bitcoins but has not disclosed its average purchase price. A representative from the company clarified that the purchase of Bitcoin is purely for investment purposes, and there are currently no plans to liquidate it. Both companies stated that they intend to hold Bitcoin as a long-term investment.

ChainCatcher news, Seoul National University announced the suspension of cryptocurrency donations until stability and regulation are assured. This move reportedly comes after the gaming company Wemade's commitment to provide WEMIX tokens worth 1 billion won (approximately 737,000 USD) to a startup fund sparked controversy.

ChainCatcher news, former and current employees of Wemade Tree, the development company of the WEMIX project (now merged into Wemade), have filed a damage compensation lawsuit against Wemade for 16.2 billion KRW (approximately 11.85 million USD).Wemade revealed in an electronic announcement on August 9 that 27 former and current employees of Wemade Tree filed the lawsuit on July 29, claiming that Wemade Tree had promised to grant them WEMIX (Wemix) and demanded compensation from Wemade.Wemade stated that the amount of compensation requested by the plaintiffs (former and current employees) is 16.2 billion KRW (approximately 11.85 million USD), which accounts for 4% of the company's capital.In addition, the company stated that it will respond through legal representatives according to legal procedures.

ChainCatcher news, the Seoul Central District Court ordered on July 31 that the closed virtual asset exchange GDAC return 7.8 million WEMIX tokens (worth approximately 7.31 million USD) to Wemade CEO Park Kwan-ho.The court supported Park Kwan-ho's application for a temporary injunction for the delivery of virtual assets submitted on July 29. If GDAC fails to comply with the order within 30 days, it will pay Park a daily fine of 3 million Korean won after the deadline.The court dismissed GDAC's allegations against Park regarding market manipulation and money laundering, noting that GDAC may have failed to maintain a 100% reserve ratio, which contradicts its previous statements. The court also hinted that the losses from the approximately 20 billion Korean won (about 14.48 million USD) hack GDAC suffered last April may not have been fully recovered.It is reported that GDAC terminated services on July 16, preventing Park from withdrawing the remaining WEMIX.

ChainCatcher news, Wemade's overseas affiliate WeMix Foundation operates the blockchain-based WEMIX platform and services, and will launch the game content payment service "Wemix Pay" in the second half of this year."Wemix Pay" is a service that allows users to purchase various in-game content using Wemix coins. Users who purchase game content with Wemix Pay can earn "Prime Points" and "Play Tokens" as rewards.

ChainCatcher news, according to Chosun Biz, South Korean video game giant Wemade plans to sell its stake in its blockchain subsidiary Lightscale and resign from its position as a major shareholder. Some interpretations suggest that this sale of shares is a move by Wemade to scale back its blockchain business.As of the end of March this year, 100% of Lightscale's shares are held by the Singapore company Lightscale Holdings. Wemix Singapore Corporation owns 70% of Lightscale Holdings. Wemix Singapore Corporation is a company established with 100% equity investment from South Korea's Wemade.An official from the virtual asset industry familiar with the matter stated, "As we understand, Wemade is currently in contact with several venture capitalists (VCs) and is liquidating its shares. Wemade is relinquishing its major shareholder status but will not sell all of its investment in Lightscale."

ChainCatcher news, Chainlink stated on platform X that Wemade's blockchain gaming platform Wemix Network has integrated Chainlink CCIP on its mainnet. As the official cross-chain infrastructure of the network, CCIP supports the large gaming ecosystem of WEMIX and unagi(x)------the interoperability engine of unagi, which is a full-chain plan for achieving fast on-chain and off-chain transactions.Powered by CCIP, unagi(x) enables Web3 gamers to play NIGHT CROWS in a multi-chain ecosystem while facilitating the seamless transfer of in-game tokens and NFTs across chains.

ChainCatcher news, the OKX Web3 wallet has now taken the lead in integrating with the WEMIX network. Users can switch to the WEMIX network with one click without manual configuration, and seamless storage and management of WEMIX ecosystem assets are supported on the OKX Web3 wallet app, web, and plugin.It is reported that the WEMIX public chain is a gaming public chain under the South Korean gaming giant WEMADE, which has been iterated to version 3.0, aiming to create a borderless giant ecosystem and co-build an open-source Web3.0 era. The OKX Web3 wallet is a one-stop Web3 entry point, now supporting over 85 public chains, with a unified app, plugin, and web interface, covering five major sectors: wallet, DEX, DeFi, NFT marketplace, and DApp exploration, and supporting Ordinals marketplace, MPC and AA smart contract wallets, gas exchange, and hardware wallet connections.

According to Yonhap News Agency, South Korean listed gaming company WeMade announced that it has been fined 53.69 billion won (approximately 4,106.75 USD) due to a comprehensive investigation by the Central Regional Tax Office into corporate taxes from 2019 to 2022. This amount is the total fine imposed on WeMade and its subsidiary WeMadeTree.It is reported that the National Tax Service decided to levy this tax due to a tax investigation into WEMIX (the cryptocurrency issued and used by WeMade and WeMadeTree). An official from WeMade stated, "These taxes are generated based on the accounting and tax treatment of WEMIX used from 2019 to 2022, and we plan to pay these taxes."

ChainCatcher news, the operator of the Web3 game platform WEMIX PLAY, Wemade, has reached a strategic partnership with Singapore's Whampoa Digital to jointly launch a $100 million Wemade Web3 fund.As part of the collaboration, Whampoa Digital will become Wemade's ecosystem partner in the WEMIX PLAY center at the DIFC Innovation Center, supporting developers collaborating with the WEMIX PLAY center. Both parties will engage in reciprocal transactions and project recommendations, particularly in the Web3 space, and may also co-invest in promising projects.It is reported that Whampoa Digital is the technology investment arm of Whampoa Group and an early investor in digital assets and Web3 enterprises.

ChainCatcher news, South Korean gaming giant WeMade's token WEMIX has officially been approved to relist on the South Korean exchange Bithumb, with the deposit opening time set for December 12 at 17:00 (KST). The withdrawal and trading times are yet to be determined. In addition, WEMIX announced that after relisting on Bithumb, it has completed the following WEMIX3.0 migration, transferring the WEMIX Classic held by the exchange to WEMIX, and the retrieved WEMIX Classic will be transferred to the Klaytn dead wallet for destruction.Previously, on November 24, 2022, due to the call from the Digital Asset Exchange Association (DAXA) in South Korea to halt trading support for WeMade's token WEMIX to protect investors, several South Korean exchanges, including Bithumb, Upbit, Coinone, and Korbit, announced the delisting of WEMIX.

ChainCatcher news, according to Globe Newswire, the South Korean gaming company Wemade's blockchain gaming platform WEMIX has announced the launch of the NFT auction service Drops.It is reported that Drops will auction game NFTs as well as special NFTs minted from various games available on WEMIX PLAY, and players can participate in the auction using WEMIX.

ChainCatcher news, Wemade's subsidiary Lightscale has launched the mainnet of its Layer 2 network Kroma. Kroma uses a combination of Optimistic Rollup and ZKP technology, and will upgrade to 100% ZK rollup in the future. Kroma will start minting its native token KRO in mid-2024, with 10% of KRO tokens allocated to the WEMIX community through various means.It is reported that Kroma initially plans to focus on gaming, and will later expand into areas such as DeFi and NFTs.

ChainCatcher news, informed sources revealed that the South Korean gaming company WeMade is conducting WEMIX token sales in the over-the-counter market through the issuance of structured financial products. These tokens will be directly sold in the secondary market, such as exchanges, after the lock-up period ends. Due to the controversy over WEMIX's circulation, the sales on exchanges did not go as planned.According to the memorandum of the structured financing transaction terms, which is suspected to have been written in March this year, the minimum investment is 300 million won, with a lock-up period of one year, adjustable based on the amount. When the fund purchases tokens held by the Wemix Foundation, the discount rate is over 20%. The fund offers a basic return rate of 10%, and investors are required to pay a 1% management fee to the fund.Informed sources stated that at the time, the Wemix Foundation aimed to create a fund amounting to 3 billion to 5 billion won or even higher. "As far as I know, the fund is specifically set up for large individual investors."

ChainCatcher news, the South Korean prosecution has launched a comprehensive mandatory investigation into WeMade, the game company that issued WEMIX, and its market makers, including seizures and searches. This search and seizure marks the first mandatory investigation by the South Korean prosecution into WeMade.It is reported that since 2021, WeMade has sparked multiple controversies. This includes the liquidation of WEMIX worth 225.5 billion won from November 2020 to January 2022 without notifying WEMIX users, which was used to acquire a company, causing significant controversy. Additionally, at the end of 2022, WEMIX's issuance was suspected of false disclosure, leading to legal disputes with the country's trading platforms, and WEMIX was ultimately delisted from several major cryptocurrency trading platforms in South Korea. (source link)

ChainCatcher news, South Korean game company Wemade announced a strategic partnership with Etherscan to enhance the transparency of the WEMIX3.0 ecosystem. The two parties will develop a block explorer for the WEMIX3.0 mainnet and the Ethereum Layer2 project Kroma. The new block explorer will be launched in the first half of this year, providing a tool for users to query detailed transaction history.Kroma is an Ethereum Layer2 project launched by Wemade, utilizing Optimism Rollup with zkEVM. (Source link)

ChainCatcher news, Finewill Capital announced the establishment of a multi-million dollar Web3 gaming industry fund, which is co-led by the Korean gaming company Wemade and the blockchain investment fund [Mirana Ventures](https://www.rootdata.com/zh/Investors/detail/Mirana Ventures?k=MTA3MTY=) as cornerstone investors. The new fund will actively invest in the composite track of Web2 games + blockchain, supporting traditional game studios and the next generation of game entrepreneurs.The founding partner of Finewill Capital stated, "We have been paying attention to the blockchain gaming industry and believe it is a market full of opportunities. We hope to provide funding and resources for creative and talented teams in this field through this fund, and help traditional game development teams accelerate their exploration in the Web3 space, bringing users more high-quality gaming experiences." (Source link)

ChainCatcher news, South Korean gaming giant Wemade announced a strategic investment in the smart transportation service platform HwikGo. The two parties will combine smart mobility and blockchain technology to launch a new service, extending mobility into Move to Earn and Live to Earn. (Source link)

ChainCatcher news, South Korean gaming giant Wemade has announced the launch of its DeFi service Kurrency, aimed at enhancing usability, transparency, and reliability. Kurrency is a service that issues crypto dollars through collateralized debt positions, allowing users to pledge virtual assets supported by the service as collateral to issue WCD (WEMIX Crypto Dollar). WCD is issued by ensuring that the value of the collateral exceeds the total amount of "over-collateralized" loans issued. WCD will connect Wemade's KLEVA protocol, DEX, and other Wemade DeFi services, as well as various other DeFi services across multiple chains, improving capital efficiency and interconnectivity between services. (Source link)