Exchanges· ★★★· neutral·

Neopulse, Kingnet form consortium to buy Wemade for 920 billion won

  • Neopulse is buying 39.33% of Wemade for 920 billion won, with its stake rising to 40.25%
  • A 92 billion won deposit has been paid, with the remaining 828 billion won due by Oct. 30
  • Kingnet, through Cyprus Technology HK, will get 49% of Neosphere for $298 million
  • Kingnet previously sued Wemade over "The Legend of Mir 2" IP, settling in February
Why it matters: A change of largest shareholder at blockchain gaming company Wemade (WEMIX) could accelerate its expansion in China and affect the WEMIX token.
Source: Digital Today