South Korean video game company Wemade and Whampoa Digital — the technology investment sector of Singapore’s Whampoa Group — have collaborated to create a $100 million fund focused on Web3.

This partnership is expected to expand the digital asset industry’s reach, particularly in the Middle East, a rapidly growing region in the Web3 sector.

Wemade, best known for its Legend of Mir series, said its Web3 fund will support developers at Wemix Play Center located in Dubai.

“Both parties will engage in mutual deal and project referrals, particularly in the Web3 industry, and potentially co-invest in promising projects,” Wemade added.

“This partnership will allow us to pioneer new horizons in the digital asset industry beyond our already established sectors, as well as foster innovation in …