WEMIX, the blockchain gaming ecosystem developed by South Korea’s WEMADE, is making strong efforts to restore market confidence and accelerate global growth following recent market turbulence.
Buyback Program Targets Tokens
WEMIX has launched a multi-phase buyback program, having already repurchased over 10 million WEMIX tokens worth approximately $7.5 million. The foundation is targeting an additional 20 million tokens in the ongoing second phase. All buyback transactions are independently audited, employing TWAP and VWAP strategies to minimize market impact, which could help stabilize price action.
WEMADE's Financial Performance
Despite industry headwinds, WEMADE reported record annual revenues of 711.8 billion KRW (about $547.5 million USD) for 2024, marking an 18% year-on-year increase. Overseas sales accounted for 518.1 billion KRW (about $398.5 million USD), or nearly 73% of total revenue, fueled by the global success of blockchain titles like MIR4 and NIGHT CROWS.
Global Expansion and New Launches
WEMADE plans to launch new games across various regions: in Japan, ‘Fantastic Baseball: NP-MLB’ is set for release in May along with a subculture-style game and a collectible RPG tailored for local audiences. In North America, the company is preparing to introduce PC/console-based FPS titles such as Black Vultures. In China, WEMADE is pursuing localized development and partnerships, with the official launch of MIR M scheduled for August 2025.
WEMIX’s multi-pronged approach, anchored by aggressive buybacks, robust infrastructure upgrades, and ambitious global launches, signals renewed confidence from the Foundation and positions WEMADE as a key player in the next phase of blockchain gaming.
