Park Kwan-ho is the Founder and Chairman of Wemade Entertainment Co. Ltd. a South Korean online game company that develops PC and mobile games. It is also the company behind Wemix, a blockchain-based decentralized gaming platform. Previously, Park was the development team leader at Korean game developer ActozSoft. ^[1][3][6]

Career

In February 2000, Park Kwan-ho started Wemade, the online game developer behind the Legend of Mir game series^[2] and the Wemix blockchain-based decentralized gaming platform. ^[3][5]

In 2009, Park took the company public on Korea's technology-rich Kosdaq stock exchange. ^[6]

In 2021, Wemade's valuation skyrocketed due to the increasing popularity of its blockchain-based game, MIR4. As of November 2021, Park's stock value reached 3.3 trillion won ($2.77 billion), which made him the 10th richest person in South Korea who owns stocks in domestic listed companies, according to local market data provider FnGuide. ^[7]

Park, who was the largest shareholder of Wemade, owned 14.8 million shares, which is equivalent to 44.61% ownership. ^[7]

"MIR4 did not create something completely new, but what we have done is used blockchain to implement a system that could satisfy user needs" - Park commented a interview^[4]

Wemix

WEMIX was founded by WEMADE TREE, a subsidiary company of Wemade on January 29, 2019. The blockchain-based gaming platform integrates native coins, NFTs, and DeFi programs to generate investment opportunities for its users. It focuses on the P&E (Play and Earn) aspect for users to earn in-game currency that can be used to help with their progression in the game or exchanged for the native WEMIX token which can be liquidated on DEXs as fiat currency. ^[5]

WEMIX's ecosystem comprises various products such as WEMIX Play — a mega blockchain gaming platform, WEMIX.Fi — the official on-chain DeFi platform of the Wemix 3.0 ecosystem, NILE (NFT Is Life Evolution) — a DAO, NFT, and Life dApp platform that creates a civilization based on blockchain, PAPYRUS — a blockchain-based communication platform, WEMIX$ — a stablecoin issued in October 2022 on WEMIX3.0 mainnet with a fully backed reserve. ^[5]

Other WEMIX's products include; WEMIX Wallet, 40 Wonders, WEMIX Burn, Wepublic, WEMIX Scan, Exolorer, and unagi. ^[5]