### What is WEMIX?

WEMIX is a decentralized, scalable layer 1 blockchain platform designed for mass adoption, particularly within the gaming industry. It is part of a broader web 3.0 mega-ecosystem powered by the WEMIX3.0 mainnet. The platform integrates gaming, finance, and community aspects, emphasizing user-centric experiences through its blockchain gaming platform, WEMIX PLAY, and the decentralized finance platform, WEMIX.Fi.

### How does WEMIX work?

WEMIX operates using a Stake-based Proof of Authority (SPoA) consensus mechanism. The network is secured by 40 decentralized authority nodes, known as "40 WONDERS," which are operated by global partners. It offers high throughput of 4,000 transactions per second (TPS) with a quick 1-second block interval, optimized for applications like gaming. WEMIX is compatible with Ethereum Virtual Machine (EVM), allowing seamless deployment of smart contracts using Ethereum-based tools.

### What are the potential use cases for WEMIX?

The main use cases for WEMIX include:

- **Gaming**: WEMIX provides a blockchain gaming platform, WEMIX PLAY, where users can engage in play-to-earn mechanics and receive rewards.
- **Decentralized Finance (DeFi)**: Through WEMIX.Fi, users can access financial services like lending and borrowing.
- **Non-Fungible Tokens (NFTs)**: The platform supports the issuance and trading of NFTs, focusing on stabilising game economies.
- **Blockchain Infrastructure**: Plans include launching a Layer 2 Ethereum network using zero-knowledge proof protocols to enhance scalability and security.

### What is the history of WEMIX?

WEMIX was founded by WEMADE Tree Pte. Ltd, a South Korean company, in 2018. It gained prominence with the release of its flagship game, MIR4, in August 2021, which was the first MMORPG to integrate a blockchain economy. On October 20, 2022, the company launched WEMIX3.0, an independent blockchain network aimed at enhancing its mega-ecosystem and solidifying WEMIX Coin's role in the blockchain industry. Since its inception, WEMIX has been at the forefront of the play-to-earn market and has a substantial market presence with a current market cap of over $421 million USD.

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