Vice President Kim of Wemade, explains how Blockchain technology is applied in their games at GDC 2022

On Mar 23, the Vice President of Wemade and CEO of WEMIX, Suk-whan Kim stood on high of the GDC 2022 podium. In his lecture, he supplied perception on how the WEMIX platform is utilized via the sport MIR4, and the way income is generated, primarily based on his previous 4 years of improvement course of.

 

First, via a short introduction on the WEMIX platform and MIR4, Kim defined why MIR4 isn’t just one other new recreation available on the market, and that video games are greater than only a type of leisure. By making use of Blockchain know-how to video games, he defined that they may turn out to be productive actions and create financial worth via gamers having fun with and actively enjoying the sport. 

 

He then defined the token economic system that types the muse of the MIR4 economic system. By enjoying the sport, gamers are in a position to earn ‘Darksteel’, which then may be smelt into Draco. The alternative can occur as nicely, with the trade fee being decided by a formulation referred to as the Derby system. It’s a always altering system that displays the lifecycle and exercise stage of the sport.

 

Moreover, gamers can trade Draco for WEMIX credit and WEMIX to money out from an exterior crypto trade. In its place answer, they could synthesize Draco to get ‘Hydra’, and stake it to get curiosity. Gamers may stake Draco itself for an opportunity to win XDraco gadgets, which may be traded between gamers via a buying and selling system referred to as EXD [Exchange by Draco].

 

MIR4 additionally options NFT know-how, the place they’ll commerce the character NFT within the NFT market, or stake them via a staking service referred to as MIRAGE.

 

The WEMIX platform has been developed with a transparent goal to deal with all these methods. Kim acknowledged that blockchain is a sluggish and costly know-how, and it’s one of the crucial expressed problems with blockchain skeptics when tackling blockchain.

 

Ethereum, for instance, TPS [Transactions Per Second] had been beneath 10 and required tens of {dollars} to course of a single transaction. Such circumstances was the explanation why it was onerous to use blockchain to video games, and it’s additionally why blockchain video games had been compelled to be easy, thus not attracting a lot curiosity from avid gamers.

As a way to remedy the problem, Kim defined that WEMIX adopted a Multi-Chain construction, which not solely overcame low TPS, but in addition secured limitless scalability to assist quite a few video games. A hybrid construction was additionally adopted, which utilized each Public and Personal Chains to dramatically decrease the excessive transaction payment, whereas securing reliability. The construction has three layers of hierarchy; the Public Chain being the very best, and the Personal Chain being on the lowest.

 

The WEMIX token, which is the important thing forex of the WEMIX platform, is issued on the Public Chain, whereas the Service Chain handles the varied transactions. To ensure that quick TPS and low charges, Personal Chain is carried out. It’s designed to safe infinite scalability by including new chains in parallel when one chain reaches its restrict, with Recreation Tokens and NFTs being issued on the Service Chain.

 

The WEMIX Chain is what secures interoperability, because the interchain that connects the Public Chain and the Service Chain. In precept, Blockchain Community is actually an remoted community, so the on-chain information is just utilized inside the chain. Nevertheless, the WEMIX Chain permits the property and the information to freely be exchanged, and have varied utilities. The Commerce Delegator performs an important position, and avid gamers can use the platform via the WEMIX Pockets.

By way of the WEMIX Pockets, customers can entry video games, commerce tokens & NFTs, examine their transaction historical past, and stake WEMIX Token. Transactions inside the WEMIX platform are additionally supported on impartial web-based providers, comparable to DEX and NFT Market.

 

The largest Tokenomics attribute of the WEMIX Platform is the utilization of a number of recreation tokens. Completely different tokens are required primarily based on the style of the video games and the totally different playerbases, so whereas the system makes it tough to generate rapid income, making ready a platform to generate varied tokens aligns with the elemental aim of constructing a recreation enjoyable to play.

 

Kim then went on to offer an in depth rationalization with examples on the event philosophy behind Blockchain video games & know-how. He emphasised that the elemental leisure side of a recreation ought to at all times be prioritized over income era and financial interoperability.  

 

“We outline P2E as enjoying easy and uninteresting video games which are solely developed to become profitable. We imagine having fun with enjoyable video games and being profitable on the similar time is rather more necessary. We’d now like to begin utilizing the time period, ‘play-and-earn’, so with the video games on the WEMIX platform, please name them P&E video games.” After emphasizing Wemade’s philosophy behind recreation improvement, he talked briefly in regards to the WEMIX platform providers and ended his presentation.