Whereas the overwhelming majority of South Korean writer Wemade’s income comes from web2 video games, the web3 element is rising considerably. That is highlighted in its Q1 2026 earnings.
Consolidated income was $111 million (KRW 153 billion), down 20% quarter-on-quarter however up 8% year-on-year.
Working revenue hit $6.2 million (KRW 8.5 billion), marking a 3rd consecutive worthwhile quarter, a notable achievement for an organization that was loss-making all through a lot of FY2024 and into early FY2025.
Internet revenue was $14 million (KRW 19.9 billion), boosted by FX-related features and the popularity of the MIR IP settlement income from the KingNet litigation.
Cell video games stay the dominant single class at $76 million (KRW 105 billion), although this was down 14% QoQ and 21% YoY.
However blockchain was the standout.
Income hit $5.4 million (KRW 7.5 billion), up 17% QoQ and a outstanding 867% YoY. Whereas blockchain represents lower than 5% of whole income, the expansion trajectory and margin profile make it more and more vital.
On the earnings name, govt director Changhee Lee was specific concerning the strategic shift, stating that Wemade has efficiently reworked from a pure recreation developer right into a worthwhile platform operator.
The important thing metric he cited was service charges from Legend of YMIR’s in-game commerce station, which makes use of WEMIX as its main forex, was surged 44% QoQ. That is important as a result of it demonstrates that WEMIX tokenomics are producing sustainable recurring income from transaction charges and NFT buying and selling, not simply one-off token gross sales.
Wemade plans to copy this mannequin throughout its pipeline. The upcoming Night time Crows IP undertaking, slated for This autumn 2026, will combine the identical WEMIX tokenomics construction confirmed in Legend of YMIR.
With cumulative gross sales exceeding $543 million (KRW 750 billion), Night time Crows stands as a cornerstone IP. Wemade’s administration is betting that every new recreation launch creates a compounding impact for the Wemix ecosystem, extra gamers transacting means extra charge income, which in flip strengthens the token’s utility.
The geographic unfold of blockchain recreation income can also be notable. MIR4’s blockchain income skews closely to Asia (61%), with Thailand, Japan and the Philippines as high markets. Night time Crows attracts 70% from Asia, led by Taiwan and the Philippines. Legend of YMIR pulls 64% from Asia, with the Philippines and Brazil as its high two markets.
Southeast Asia is clearly the expansion area, and the WEMIX itemizing on Cash.ph — a number one Philippine trade — in March 2026 was a strategic transfer to deepen entry in that market.
Past gaming, Wemade is pushing WEMIX into monetary infrastructure too. The StableNet testnet launched in January, positioning the corporate’s proprietary Layer-1 know-how as infrastructure for KRW-stablecoins. WEMIX is at present listed on 23 exchanges globally.
Discover out extra at Wemade’s buyers web site.
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