Press Release
Wemade to support blockchain gaming ecosystems growth in Dubai and the UAE through collaboration with Dubai Chambers
Wemade CEO Henry Chang (left) meets with Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers (right)
- Wemade is the first and biggest Korean game developer to establish official talks for joint collaborations with Dubai Chambers
- Talks mark next phase of Wemade’s efforts to support the growth of blockchain gaming ecosystems in Dubai and the UAE
Henry Chang, the CEO of leading South Korea-based gaming giant Wemade met with H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, to discuss a broader scope for future collaboration. Wemade is the first and biggest Korean game developer to establish talks with Dubai Chambers for broad plans to contribute to game development industry initiatives. The meeting between CEO Chang and Dubai Chambers’ President and CEO H.E. Lootah marks the next phase of Wemade’s efforts to support and grow blockchain gaming ecosystems in Dubai and the UAE.
As an advocate for the interests of Dubai’s business community, Dubai Chambers serves as a bridge connecting the local business community with Dubai’s dynamic government and is committed to ensuring a thriving environment in which businesses can flourish. The chamber seeks to facilitate and improve the ease of doing business in the emirate and advance Dubai’s position as a highly competitive global commercial centre.
“The UAE is among the most dynamic regions building the next generation of games and gaming industry talent with Dubai and key stakeholders including Dubai Chambers playing an important role,” said Henry Chang, CEO, Wemade. “Wemade will focus on working with Dubai Chambers to explore how we can contribute our expertise and technology to support key initiatives including the Dubai Program for Gaming 2033.”
H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “We are pleased to initiate this collaboration with Wemade, which will contribute to driving innovation in the UAE’s rapidly evolving digital ecosystem. Dubai’s growing influence in the global gaming and blockchain arenas reflects our dedication to fostering an ecosystem that is rich in technological expertise. We remain committed to further strengthening the emirate’s position as a leading global hub at the heart of the digital economy.”
Unveiled recently by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai and Chairman of the Board of Trustees of Dubai Future Foundation (DFF), the Dubai Program for Gaming 2033 set out major industry goals. These are: to position Dubai among the top 10 cities in the global gaming industry; generate 30,000 new jobs in the gaming sector; significantly boost the sector’s contribution to the growth of Dubai’s digital economy; and increase the GDP by approximately US$1 billion by 2033.
About WEMADE
A renowned industry leader and innovator in game development, Wemade is now leading a once-in-a-generation shift as the global games industry pivots to blockchain technology. Through subsidiary WEMIX, Wemade is building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. This includes WEMIX PLAY, the world’s biggest blockchain gaming platform which can transform games of every genre into blockchain games. www.wemix.com/communication.
About Dubai Chambers
Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber and the formation of three chambers for the emirate, namely, Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under Dubai Chambers. For more information, please visit: www.dubaichambers.com
The world of lottery just got an upgrade and it is global, secure, and powered by the future of finance: Bitcoin.
In this article, we dive into the exciting world of Bitcoin Lottery which offers a seamless and transparent experience. We will break down what Bitcoin lotteries are, how they work, and what sets them apart from your conventional lottery system.
What is a Bitcoin Lottery?
Bitcoin lotteries work like traditional lotteries but with a modern digital spin. Instead of using fiat currency, participants use cryptocurrencies like Bitcoin.
Here’s how it works: you buy a lottery ticket with cryptocurrency, choose your numbers, and wait for the draw. If your numbers match the drawn numbers, you win a prize – paid out in Bitcoin or other chosen cryptocurrencies.
What Makes Bitcoin Lottery Games Stand Out?
Here are the features that make Bitcoin lottery games a top choice for players.
- Transparency and Fairness: One of the biggest advantages of the Bitcoin lottery is the use of blockchain technology. Blockchain ensures that every transaction and draw is recorded on a decentralized ledger that’s accessible to all players. This transparency eliminates worries about rigged results as players can verify each draw independently.
- Security: Using cryptographic algorithms, Bitcoin lottery games offer extra security. The decentralized nature of blockchain means malicious actors can’t manipulate the results of the draws.
- Global Accessibility: Unlike traditional lotteries which are limited by geographical boundaries, crypto lotteries are accessible from anywhere in the world. As long as you have an internet connection and a digital wallet, you can play. This global reach increases the player base and potentially the prize pool.
Regular Lotteries vs. Bitcoin Lotteries: A Comparison
1. The most obvious distinction is the utilized currency. Ordinary lotteries utilize fiat currency like dollars or euros, whereas a Bitcoin lottery uses Bitcoin or other cryptocurrencies.
2. Transactions in Bitcoin lotteries are faster and may have lower fees than buying traditional lottery tickets. This is so because Bitcoin transactions eliminate intermediaries like banks, therefore lowering the delays and expenses related to bank fees and currency exchanges.
3. Prizes in Bitcoin lotteries are in BTC or other cryptocurrencies which can be attractive because of the potential for value growth. Certain Bitcoin lotteries also provide quick payouts, hence improving the convenience for the winners.
4. Bitcoin lotteries usually employ “provably fair” algorithms. Unlike other lotteries, this system lets players use cryptographic techniques to confirm the fairness of the draw outcomes.
Why should one try a Bitcoin Lottery?
Apart from the thrill of maybe winning large, crypto lotteries provide several special benefits:
• Safe and open: You can verify every single draw and transaction.
• There are no geographical restrictions; play wherever on the planet.
• Cut expenses by means of lower transaction fees.
• Instant Payouts: Get your winnings easily and quickly.
Bottom Line
With improved security, transparency, and worldwide accessibility, a Bitcoin lottery presents a fascinating and creative variation of the classic lottery.
These lotteries are a reliable choice for gamers all around as they guarantee fair and clear results by integrating blockchain technology. Regardless of your experience level, Bitcoin lottery games provide a modern way to try your luck and potentially win big.
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