Popular web3 altcoin in the top 100 WEMIXis up more than 67% this week due to its recent wallet update, a new partnership, and relisting on a leading crypto exchange.
WEMIX, a subsidiary of South Korean video game developer Wemade, aims to create a web3 ecosystem focused on experience-based services.
While the native token of the project was traded at $2.34 last week, it is currently traded at $3.64. The price was trading at $3.91 before registering a correction.
Wemadeannounced last Tuesday that it had established a partnership with the Innovation Center of the Dubai International Financial Center to create a web3 gaming community centered on WEMIX, and it had a great impact. As Koinfinans.com reported, the partnership aims to create a $100 million web3 gaming fund to support developers, studios and entrepreneurs.
The next day, WEMIX PLAY, the project’s blockchain gaming platform, reinforced the optimistic outlook by updating its wallet with advanced features. The altcoin was also relisted by South Korean exchange Korbit on Wednesday after the exchange withdrew support for the token in November 2022.
At the time, it was announced that the exchange had removed trading services for the asset for various reasons, including the altcoin providing insufficient or inaccurate information to its investors. However, the exchange announced that the project has now been relisted, believing that it has fixed these problems.
However, despite the web3 altcoin’s recent gains, the price is still trading over 84% below its all-time high of 24.71 dpsar reached in November 2021, according to CoinGecko.