Wemade Partners with Whampoa Digital to Launch $100M Web3 Fund and Middle East Digital Asset Initiatives

Powerhouse Collaboration to Propel Web3 Gaming and Digital Assets in a Strategic Partnership

• Wemade and Whampoa Digital partner to launch a groundbreaking $100 million Web3 Fund, set to drive innovation in the Web3 gaming industry.
• WEMIX PLAY Center in Dubai’s DIFC Innovation Hub becomes the nexus for collaborative efforts, as the two giants engage in mutual deal referrals and potential co-investment.
• Whampoa Group Senior Partner and Wemade CEO express excitement, outlining a shared vision to pioneer new horizons in the digital asset industry while fostering innovation in the booming Middle East Web3 space.

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Wemade, a prominent player in the Web3 gaming space, has joined forces with Whampoa Digital in a strategic collaboration that heralds the creation of a $100 million Web3 Fund. This alliance also marks the initiation of digital asset initiatives in the rapidly evolving Middle East landscape.

Wemade, known for operating the world-class Web3 gaming platform, WEMIX PLAY, brings its extensive expertise to the partnership. On the other side, Whampoa Digital, the technology investment arm of Whampoa Group, is a key player in digital assets and Web3 ventures. Their collective focus on innovation makes this collaboration a significant move in the realm of emerging technologies.

The Wemade Web3 Fund, with a substantial capital infusion of $100 million, in a recent report has shown that it aims to catalyze advancements in the Web3 industry. This fund will find its base at the Dubai International Financial Centre (DIFC) Innovation Hub, a bustling tech community fostering innovation and growth.

Also Read: Binance Web3 Wallet Now Available for All Through Binance App

Operational Aspects and Collaborative Efforts

WEMIX PLAY Center and DIFC Innovation Hub:

The WEMIX PLAY Center in the DIFC Innovation Hub holds pivotal significance. Functioning as the epicenter of Web3 gaming, it aligns with DIFC Innovation Hub’s status as the largest innovation community in the region. This strategic location underscores the commitment to pushing the boundaries of digital entertainment.

Mutual Deal Referrals and Co-Investment:

Operational synergy between Wemade and Whampoa Digital extends to mutual deal and project referrals, particularly within the dynamic Web3 industry. The collaboration also opens avenues for potential co-investment in promising projects, reflecting a shared vision for the growth and development of innovative ventures.

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Quotes and Perspectives

Aureole Foong, Senior Partner at Whampoa Group, expresses enthusiasm about the partnership, foreseeing its potential to pioneer new horizons in the digital asset industry. The focus on fostering innovation in the Middle East, a rapidly growing region in the Web3 space, underscores the strategic significance of this collaboration.

Henry Chang, CEO of Wemade, emphasizes the value of the partnership with Whampoa Digital, highlighting the intention to share valuable insights related to blockchain technology. This statement underscores the collaborative effort’s commitment to knowledge exchange and the advancement of blockchain technologies.

The partnership between Wemade and Whampoa Digital signifies a major leap forward in the Web3 landscape. As developments unfold, readers are invited to stay tuned for updates on the progress of the Wemade Web3 Fund and the digital asset initiatives taking shape in the Middle East. Explore more about Wemade, Whampoa Digital, and the dynamic Web3 industry to stay informed and engaged in this transformative journey.

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