Few people know, but MIR 4, like MIR M, is one of the most successful gaming projects using NFTs and tokens. At the same time, despite the profitability in 2020 and 2021, in 2022 they received a notable such loss of about $60 million (is their year of LiveOps worth that much?). On app.magic their all-time revenue is listed as $100M, but is actually much more due to the token and NFT revenue.

Personally, I am skeptical about MIR 4 due to the fact that it practically does not come into contact with web3 and the world of a normal blockchain. A centralized semi-public network in which blockchain is practically not involved in any way. Basically input-output of tokens. Nothing new is offered, but rather exploited in the worst way.

MIR 4 is a cliched Korean free-to-play MMORPG where you can farm tokens. There was a short period when players earned several thousand dollars a month, but not without the help of bots, of which there were plenty. However, this did not prevent ordinary web2 Korean players from donating to the game. Yes, the game was popular mainly with non-crypto audiences.

Such a project can be called web2+, not even web2.5. The principle is this: We take the most commercially successful from web3 (sales of NFTs and royalties) and insert it into the old product, regardless of either the web3 culture or decentralization.

❗️Red Flags: Several highly suspicious incidents have been linked to Wemade:

1. Providing false information, issuing more tokens than indicated in the tokenomics and violating the schedule for issuing and unlocking them. For what, in fact, their token and delistiles  from South Korean exchanges: Upbit, Bithumb, Coinone, Korbit and Gopax by order of the regulator. But that is not all.

2. Undeclared WEMIX tokens and investigated  corruption schemes, tax evasion, money laundering through Wemix and illegal political financing. And it's a Microsoft-backed platform token.

3. In the same period, one of the exchanges was allegedly hacked and WEMIX tokens were stolen. All in all, a very dull story.

And for these guys - everything worked! They have restarted MIR 4 under the new title MIR M (continued) and continue their work as if nothing had happened. Again, millions of downloads, thousands of reviews and tens of millions in revenue.

However, this is not the point.

Wemade released a new mobile MMORPG Night Crows 나이트 크로우 at the end of April, changing its go-to-market strategy. It can be seen that the budget of the game is larger than that of MIR. For the first time, Wemade used the UE5 engine. The game was made for about 3 years by a team from 80 people at the start to 120 by the release. You can roughly estimate that the total budget with marketing has exceeded $ 20 million, if not more.