Digital Entertainment Asset Pte.
DEA raises $10 million from US-based LDA Capital
Leading to further expansion of the GameFi platform “PlayMining”
Singapore-based digital entertainment asset pte. announced.
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Following last month’s minority investment from Rakuten Capital, Rakuten Group’s corporate venture capital, this funding will accelerate DEA’s business expansion and further advance the
development of the Web3 entertainment platform.
Comment from Warren Baker, Managing Partner/Co-Founder of LDA Capital We will support DEA, a market leader with a strong user base and solid cash flow generation, with flexible growth funds, while continuing to monetize content and innovate in P2E games. I am honored to be able to support you in advancing this approach.
Comment from DEA Founder & CEO Naoto Yoshida
As a DEA, we are very pleased to be receiving funding from LDA Capital in this volatile market environment. We are currently rapidly building and delivering Play and Earn’s NFT game line-up to 2.6 million users. With this funding, we will further develop our platform, further promote market expansion, actively build strategic partnerships to expand our ecosystem, and solidify our leading position in the Web3 entertainment industry. increase.
About LDA Capital
A global alternative investment group with expertise in complex cross-border transactions. Founded in 2018, we provide dynamic financing solutions to high-growth, capital-intensive companies. LDA Capital’s team has executed over 250 transactions across the capital structure in both public and private markets in 43 countries, with a total transaction volume of over US$11 billion.
https://www.ldacap.com/
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DEA CSO (Chief Strategy Officer) Tatsuya Korogi (left)
LDA Capital Managing Partner/Co-Founder Warren Baker (center) DEA CFO Nuga (right)
About the expansion of the DEA economic zone and the GameFi platform DEA is a Singapore-based Web3 entertainment company launched in 2018. GameFi platform “PlayMining” consisting of multiple Play and Earn (P&E) game titles, self-issued crypto asset DEAPcoin (DEP), original NFT marketplace “PlayMining NFT”, metaverse project “PlayMining Verse” co-created by creators and fans ” is operated.
PlayMining currently offers five Play and Earn games: JobTribes, Cookin’ Burger, Menya Dragon Ramen, Graffiti Racer, and Lucky Farmer. Players can earn DEP through the game and purchase NFTs to further enjoy the game on the NFT marketplace “PlayMining NFT”, or convert it to fiat currency on the cryptocurrency exchange.
The DEA also helps third-party game companies provide and monetize game content on the PlayMining platform. Specifically, even if you do not have blockchain technology development know-how, you can easily develop and provide NFT games by utilizing DEP and NFT marketplace on PlayMining. PlayMining has already developed “Menya Dragon Ramen” by Fly Penguin as a third-party title, and multiple companies are planning to participate in the future.
CEO Yoshida said the following about what DEA aims to achieve through the PlayMining business. “The DEA takes pride in all its activities that lead to social good. Including helping the poor in earning a living through Play and Earn (P&E) games.Fairness and transparency are the true spirit of Web3 and the concept DEA aspires to. .”
Digital Entertainment Asset Pte.
Founded in August 2018, Singapore-based global Web3 entertainment company. DEA is a Play and Earn (P&E) game development company that operates the GameFi platform “PlayMining”, the NFT marketplace “PlayMining NFT”, the metaverse project “PlayMining Verse”, and the self-issued crypto asset “DEAPcoin”. . Based on decades of experience in founding start-ups, including three IPOs, producing hit games, producing web TV shows, and deep understanding of NFT games, the co-CEOs Naoto Yoshida and Kozo Yamada Leading the entire team. Representative: Naoto Yoshida Kozo Yamada
Address: 7 Straits View, Marina One East Tower, #05-01, Singapore 018936 Established: August 2018
Business description: GameFi platform business
About PlayMining
PlayMining is a GameFi and Metaverse platform that supports creators who are struggling in the traditional IP production industry. As an innovative business model for content creation that combines the NFT marketplace using DEAPcoin ($DEP) with the NFT game and Metaverse platform, it currently has 2.6 million users, and is currently serving as “JobTribes” and “Cookin’ Burger.” , Menya Dragon Ramen, Graffiti Racer, and Lucky Farmer.
Details about this release:
https://prtimes.jp/main/html/rd/p/000000143.000047612.html