Dec.02.Shanghai ------ Entertainment and video game developer Wemade announced a strategic investment in DRX. The companies will join forces in leading eSports fan culture and integrate it with the WEMIX platform for ecosystem expansion.
Founded in 2012, DRX is a Korean eSports company whose eSports teams include games such as League of Legend, Warcraft 3, Tekken 7 and more.
Wemade plans to reach out to 3.7M DRX fans worldwide by onboarding DRX's excellent IP.
"eSports is a perfect fit for blockchain, since it has been evolving futuristically through repeated technical innovations," said Henry Chang, CEO of Wemade. "Through NILE, the DAO & NFT platform of WEMIX, we will complete a digital economy that connects gaming, entertainment, sports, art, and finance."
Wemade Co., Ltd (formerly Wemade Entertainment Co., Ltd) is a South Korean video game developer, based in Seongnam. They are the creators of the Legend of Mir series of MMORPGs, the two most successful being The Legend of Mir 2, and its sequel The Legend of Mir 3. Legend of Mir has attracted over 120 million users in Asia, and generated over $65 million a month in revenue during its height. Even today, in its ninth year of operation, Legend of Mir 2 still generates well over $20 million a month in China alone.
DRX, formerly known as DragonX, is a South Korean esports organization with teams competing in League of Legends, Tekken 7, Valorant and Warcraft. It previously had teams competing in Honor of Kings and Clash Royale. DRX's League of Legends division competes in the League of Legends Champions Korea, and has won two back-to-back domestic titles. In 2022, DRX won the League of Legends World Championship.