Naver, the South Korean tech giant, has absorbed a significant loss by writing off its entire ₩3.3 billion investment in WEMIX, the cryptocurrency developed by WeMade. According to a Yonhap Infomax report, the impairment of 866,700 WEMIX tokens occurred during the first half of the year, marking the end of Naver's five-year involvement. Naver initially acquired the WEMIX tokens in 2020 through a partnership agreement, participating as a block partner in the WEMIX ecosystem. This move signaled Naver's early interest in blockchain technology and the potential of WEMIX in the gaming and digital asset space. The decision to write off the investment suggests a reevaluation of Naver's strategy regarding WEMIX, potentially influenced by market volatility, regulatory changes, or the project's overall performance. While the exact reasons remain undisclosed, the complete impairment highlights the risks associated with investments in cryptocurrencies and the evolving landscape of the blockchain industry. ```