More On: gamefi
Limit Break's DigiDaigaku NFT collection increases by nearly 100 percent when the company raises $200 million
Gala Gaming establishes alliance with Fortnite developer Epic Games amid Valve ban on blockchain games
Blockchain gaming and digital entertainment platform Digital Entertainment Asset (DEA) Pte Ltd, located in Singapore, has now entered the Japanese market with a presence there.
The ever-hungry DEA is introducing its native DEP (DEAPcoin) token in Japan in an effort to establish itself as the leading marketplace for the Web3 GameFi metaverse. This also helps establish PlayMining, one of the GameFi industry's fastest-growing NFT game platforms, as a destination of choice for Japanese gaming aficionados.
PlayMining has now surpassed 2,3 million registered users in Japan, the Philippines, and Indonesia. The platform promises to link producers and users directly by using GameFi's foundations.
Obtaining a DEAPcoin listing on the BITPOINT market represents a key initial step. Unique to this listing is that the platform facilitates user access to the token and assures appropriate liquidity.
DEA will explore further partnerships for its NFT marketplace, and it has already signed many agreements with well-known manga artists, including as Ume and Aam Shibata. In addition, former Minister of Justice Takashi Yamashita and Kosotsu Shien Kai Chairman Satoshi Takemura endorse the plan.
This development follows DEA's recent statement that the Singapore-based blockchain business has secured over $12 million in investment.
Statistics indicate that the Play to Earn model has experienced a meteoric spike in popularity, and in-game NFTs currently account for more than 20% of the entire NFT trade volume. This provided play-to-earn blockchain gaming principles fresh life, allowing them to proliferate across verticals even while prices remained static.
The industry as a whole was able to continue expanding, achieving 2,7 million daily unique active wallets tied to dapps. This year, venture capital firms have already invested $27 billion in companies operating in the industry, providing a sense of how large it has become.
In response to the news, DEA CEO Kozo Yamada stated, "Japan provides a tremendous possibility for GameFi and PlayMining, given the sheer size of the market and the tech-savvy nature of its population. We are honored to have the backing of the Liberal Democratic Party and local groups such as "Kosotsu Shien Kai," which see the great potential of Web3 ecosystems, as we strive to create an impact on the market.
** Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of USA GAG nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.