Wemade’s 7-Year Blockchain Journey Culminates in Global KRW Stablecoin Push
Wonil Suh, Executive Vice President of Wemade, represents Korea’s blockchain gaming evolution. His firm launched its blockchain journey seven years in the past with the institution of WEMIX, turning into one in all Korea’s most skilled Web3 enterprises. With over 1,000 workers devoted to WEMIX-related operations globally, Wemade operates at unprecedented organizational scale in blockchain gaming.
During Korea Blockchain Week’s major occasion, significantly after periods that includes US members together with Donald Trump Jr., Suh appeared more and more assured about stablecoin adoption. His conviction stems from Wemade’s sensible expertise managing tens of millions of gaming transactions and growing complete blockchain infrastructure. The govt envisions Korean Won stablecoins facilitating every part from Ok-content consumption to tourism funds worldwide.
Why did Wemade launch the stablecoin undertaking, ‘Stable One’, as a gaming firm?
“Wemade initiated our blockchain enterprise seven years in the past in 2018, establishing us amongst Korea’s most skilled corporations in this area with our scale and centered dedication. It’s not that we not too long ago began stablecoins as a result of they’re sizzling or fashionable—we’ve maintained this strategic route persistently. As a gaming firm, we acknowledged that blockchain know-how provides substantial utility in gaming functions, and we’ve witnessed quite a few profitable implementations inside our personal gaming portfolio.
We’ve accrued in depth information by means of managing a whole bunch of tens of millions of transactions from over 30 video games supporting over 1 million month-to-month concurrent customers. We’ve persistently believed this experience shouldn’t stay proprietary however ought to profit the broader trade. Stablecoins represents a pivotal alternative in this regard. We didn’t merely research the know-how—we developed sensible functions with it. From this angle, we possess vital worth to contribute to the ecosystem.”
Rather than being a direct issuer, Wemade positions itself as a platform supplier for stablecoins. Can you clarify your partnership mannequin and the way you intend to construct this consortium strategy?
“Rather than establishing our personal proprietary stablecoin, we imagine consortium participation can be extra advantageous. As a know-how associate, we purpose to extensively leverage our current technological capabilities. We will collaborate with numerous Korean enterprises, and as primarily a tech associate, we will create synergies with these in the banking and monetary sectors that possess many years or centuries of institutional experience in regulatory compliance and licensing frameworks.
We’re cultivating world partnerships—Chainalysis participated in our latest occasion, demonstrating our dedication to increasing these worldwide alliances. Our technique includes launching a testnet, inviting various companions to take part, going open-source, and concentrating on early subsequent yr for operational deployment with a number of strategic companions.”
Upon saying the Stable One, Wemade talked about wanting abroad customers to undertake the KRW stablecoin. What particular use instances do you envision – from cultural content material consumption to tourism funds?
“Korea is at present at a cultural peak, with in depth world publicity by means of journey, Ok-culture fandom, and Korean content material consumption worldwide. These digital natives are broadly distributed globally. Instead of utilizing international stablecoins for Korean cultural content material, having a Korean stablecoin may function our basis.
For corporations and labels with artists and IPs with world fandom, when promoting tickets or merchandise on-line—quite than pricing in {dollars} or euros—they might facilitate direct KRW transactions and remittances. Foreign vacationers visiting Korea at present alternate forex at airports or native cash changers, but when they might merely convert to digital KRW stablecoins upon arrival, utilizing acquainted cost apps for Korean transactions, this is able to eradicate conventional forex alternate inconvenience whereas supporting Korean companies.”
What is Wemade’s overarching world technique, and the way does the WEMIX Play platform match into turning into a serious gaming vacation spot worldwide?
“After launching MIR4 4 years in the past, we realized all content material, particularly video games with consumer time funding and inside economies, would inevitably require blockchain integration. We decided we wanted to create a platform—since this know-how shall be universally adopted, we should always construct wonderful techniques for smaller corporations with restricted assets to make the most of, quite than having each firm develop independently.
Essentially, sport builders gained’t must create a sport launcher or cost system for every sport they develop, to allow them to simply give attention to content material creation and easily be onboarded to the platform. We envision WEMIX Play turning into a worldwide gaming platform the place all sport corporations—from Africa, India, Eastern Europe—would naturally checklist their video games on our platform, alongside Apple, Google, and Steam. Currently that includes dozens of video games, our long-term imaginative and prescient encompasses 1000’s, even a whole bunch of 1000’s of titles, all powered by our WEMIX blockchain infrastructure and utility token ecosystem.”
How do you see AI remodeling the gaming trade, and the way is Wemade integrating AI with blockchain know-how? Can you inform us about your NVIDIA collaboration?
“AI and gaming naturally complement one another, as do crypto and gaming. Across our 20-30 video games at present in improvement by means of numerous studios, each single one leverages AI—whether or not for enhanced artwork creation or algorithmic improvement. We associate with NVIDIA quite than constructing every part in-house. While productiveness enhancements are apparent advantages, the transformative potential lies in AI basically reshaping gameplay experiences. We combine sport tokenomics throughout improvement, weaving blockchain know-how organically into the sport cloth quite than including it superficially. AI ought to equally allow revolutionary gameplay—AI companions, skill-adaptive experiences, customized strategic help. Combined with crypto and stablecoins, we foresee agentic AI facilitating autonomous agent-to-agent commerce inside gaming ecosystems, marking a profound trade paradigm shift.”
Looking forward 5-10 years, how do you anticipate blockchain know-how to reshape each gaming and finance? What function does Wemade wish to play in that transformation?
“I envision a future the place AI enhances productiveness, creating extra leisure time and doubtlessly common fundamental earnings situations. People may have two experiential paths: costly real-world experiences for the rich, or wealthy digital experiences for these with plentiful time however restricted assets.
Digital worlds completely serve this latter demographic. Gaming extends past conventional gameplay—platforms like Roblox already characterize metaverse experiences the place commerce operates primarily by means of crypto. AI brokers will facilitate these transactions, with stablecoins enabling seamless funds. When our youngsters mature, this built-in AI-crypto-gaming ecosystem will appear fully pure. Wemade positions itself on the heart of this main paradigm transformation.”
Given some regulatory challenges Wemade has confronted in Korea, what message would you ship to worldwide buyers who might need issues concerning the Korean crypto panorama?
“As one in all Korea’s largest gaming corporations with world attain, our fight power is formidable. We’ve fought many battles, skilled setbacks, and developed in depth methods. These challenges strengthen quite than weaken us. With over 1,000 workers devoted to WEMIX-related work—unprecedented globally—we’ve constructed unmatched organizational functionality. Having weathered these difficulties, we’re now positioned to ship superior companies. Korean corporations possess large potential that institutional buyers and crypto holders ought to acknowledge and help.”
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