WEMIX的减持策略震撼加密市场：这一举措能否突破法律与市场的双重困境？

作者：DeMan 来源：medium 翻译：善欧巴，虚拟币交易所平台,数字货币,NFT

Author Source Translation digital currency, the platform of Shanouba Virtual Coin Exchange 比特币今日价格行情网_okx交易所app_永续合约_比特币怎么买卖交易_虚拟币交易所平台

As the fate of WEMIX has drawn wide attention in the industry against the backdrop of cryptocurrency market volatility, the latest data indicate that despite a large influx of funds into the Web3 gaming field, its staggering 80.8% annual average failure rate highlights the inherent instability and risk in the sector. In addition, in March 2024, WEMIX announced a decision to reduce its maximum supply by 60%, aiming to enhance its market position through tokenomic restructuring.

However, the market challenges faced by WEMIX are not unprecedented. In November 2022, after a warning from the Korean Blockchain Association, WEMIX was delisted from multiple Korean exchanges, leading to a significant price drop to 0.42 USDT. This event severely impacted its market cap and investor confidence.

Despite significant market volatility, WEMIX continues to actively expand in the blockchain gaming sector. In 2023, WEMIX invested in five Chinese game developers spanning different game genres through a $30 million fund jointly established with Mirana Ventures. This strategy demonstrates WEMIX's commitment to the development of blockchain games, despite the uncertainty ahead.

Let's delve deeper into WEMIX starting from here.

WEMIX: Innovating Scalability and Transaction Efficiency through Accumulating a Global Blockchain Game Ecosystem with a Multi-Chain Architecture

WEMIX's Multi-Chain Game Platform Architecture and Challenges Faced

The initial construction of the WEMIX platform was based on the comprehensive empowerment of the current blockchain gaming market, especially in the implementation of a multi-chain architecture. The team analyzed existing blockchain game platforms, clearly identifying three mainstream technical paths: single chain and multi-chain architecture. WEMIX's team chose the latter, emphasizing the integration of functions such as Tokenomics, GameFi, Marketplace, all based on the "multi-chain" infrastructure.

The reasons for choosing multi-chain as the strategic direction are manifold. Firstly, the WEMIX team's 20 years of selective experience in the global gaming industry provided them with an excellent foundation for developing a multi-chain platform. The WEMIX platform hones advanced technological design and strong capabilities and literary claims, but despite these advantages, the challenges in practical operation are also significant, such as handling the complexity of cross-chain interactions, data synchronization issues, and maintaining system high availability.

Recognized Ecosystem Components and Value-Added Services

WEMIX's multi-chain architecture not only enhances the platform's scalability, but also reduces the complexity of operations. Compared to traditional single-chain game platforms, WEMIX effectively simplifies user interaction by directly integrating key components such as wallets, NFT Marketplace, etc. onto the chain. In addition, through its unique multi-chain technology, such as through modules like WEMIX PLAY and WEMIX.Fi, WEMIX seamlessly integrates game economy and decentralized finance (DeFi), enhancing the platform's economic activity and user engagement.

Leading the Industry's Innovation with Three Major Strategies

1. Strong User Experience - Through its multi-chain infrastructure, WEMIX enables users to flexibly manage and trade assets on different chains, greatly enhancing user experience;

2. Enhanced Economic Activity - Through the integration of Tokenomics and GameFi, WEMIX enhances the internal economic cycle of the game, increasing the liquidity and value of assets;

3. Cross-Chain Interoperability - WEMIX enables seamless trading of assets on different blockchains by achieving interoperability between multiple chains, further expanding market boundaries and new user groups.

With these comprehensive ecosystem components and innovative solutions, WEMIX actively advances its leading position in the global blockchain gaming market, while also facing challenges and opportunities brought about by market changes.

WEMIX Crisis: Urgent Analysis of Legal Review and Market Trust Crisis, Uncertainty in the Project's Prospects

In June 2023, the market maker of the WEMIX token released by WeMade, a listed game company in Korea, faced a comprehensive mandatory investigation. This move was a response to a complaint filed by WEMIX investors to the prosecutor's office the previous month. The allegations included fraud, making this investigation one of the latest controversies sparked by WeMade in recent years.

WeMade's crisis can be traced back to the period from November 2020 to January 2022, when the company sold off WEMIX worth 225.5 billion Korean won without informing WEMIX users and used the funds to acquire a company. Additionally, by the end of 2022, WEMIX's issuance volume was alleged to have been leaked, leading to a legal dispute with the country's trading platforms, resulting in WEMIX being delisted from several major cryptocurrency exchanges in Korea.

More concerning, in January 2024, the National Tax Service of Korea collected a total of 53.69 billion Korean won in taxes from WeMade and its subsidiary Wemade Tree. This amount is the sum of taxes levied on the virtual currency WEMIX issued and used by WeMade and Wemade Tree in the past. The National Tax Service conducted a tax investigation into WeMade and Wemade Tree's past issuance and use of the virtual currency WEMIX, and they decided to collect back taxes.

However, WeMade was not the sole subject of the investigation. According to a report in February 2024, the prosecutor's office is investigating WeMade on charges of evading the obligation to report virtual asset providers and obtaining additional profits within the scope of the law. In addition, WeMade is also accused of illegally building a P2E (Play to Earn) ecosystem based on "WEMIX 3.0" by increasing the number of subsidiaries and constructing them. The prosecutor's office is particularly interested in certain behaviors of WeMade’s proposed virtual asset exchange "Phenix" and virtual asset wallet "PlayWallet," which may have violated specific financial information laws.

These events not only plunged WEMIX investors into a predicament but also dealt a heavy blow to the credibility of WeMade. As the investigation continues, Korea's initial attempt to protect market participants, promote national economic development, and respond to the challenges of virtual asset crimes has become a focus of global attention.

With Multiple Measures, Can WEMIX Overcome its Perils and Turn the Tide?

Despite facing significant legal and market challenges, the company shows no intention of slowing down its expansion and investment efforts. In October 2023, WEMIX PTE. LTD. jointly established a $30 million fund with Mirana Ventures, investing in five active Chinese games covering various game genres. These games are expected to join the WEMIX 3.0 chain game platform WEMIX PLAY. Additionally, WEMIX has entered into a strategic partnership with Singapore's Temasek to collectively launch a $100 million Wemade Web3 Fund, aimed at further expanding its influence in the Web3 field.

On the technological innovation front, WEMIX is also not falling behind. In February 2024, WEMIX renamed its token-based communication platform "PAPYRUS Messenger" to "una Messenger" and has been launched on the Google Play Store and Apple App Store. The platform update includes DAO integration, strengthening the fusion of community and technology. At the same time, the WEMIX Foundation has taken measures to halve and batch part of the tokens to stabilize its economic model and optimize the blockchain minting structure.

These proactive investments and technological advancements indicate that WEMIX is striving to overcome existing challenges and seek sustained growth and innovation. However, under the dual impact of legal review and market trust crisis, the future of WEMIX remains uncertain. Whether these strategic actions will ultimately transform into the key for the company's recovery and market trust awaits validation from the market and time. In the ever-changing landscape of the blockchain gaming industry today, whether WEMIX can truly realize its grand vision is not just the wish of investors but also the focus of the entire industry, isn't it?