WeMade Makes Investment in P2E Project in Africa

WeMade announced on Sept. 6 that it has made a strategic investment in Metaverse Magna (MVM), a play to earn (P2E) guild project in Africa.

According to WeMade, MVM's parent company, Nestcoin, invests in and support cryptocurrency projects in Africa.

MVM is Africa's first and largest gaming decentralized autonomous organization (DAO). MVM plays a supporting role, including incubating, for P2E games fostered or backed by Nestcoin.

MVM is helping African gamers play through Hyper, an application of its own development. The number of game users in Africa is estimated at over 186 million. MVM plans to expand its business by providing guild management tools, game software design kits and gaming DeFi services.