Microsoft backs web3 game developer Wemade

Microsoft has backed Wemade, a popular video game developer that has made aggressive bets on blockchain in recent years, the latest sign of tech giants’ showing growing interest in web3.
South Korea’s Wemade said in a press release that it has raised $46 million in a funding round from Microsoft, Shinhan Asset Management and Kiwoom Securities. It did not disclose the name of the funding round or its valuation.
“This is a meaningful investment by reputable financial and strategic investors with proven track records,” said Henry Chang, CEO of Wemade in a statement. “

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