Collaboration to forge the accessibility of the DEA ecosystem from the Astar network
SINGAPORE, April 13, 2022 (GLOBE NEWSWIRE) — Today, Singapore-based GameFi platform provider Digital Entertainment Asset Pte. (DEA) has signed a strategic partnership with Japanese company Astar Network to make its PlayMining ecosystem and related products available on Astar’s Polkadot parachain. The new collaboration is designed to help extend Astar Network’s GameFi reach with the multitude of content and services already supported by DEA.
The PlayMining Economic Zone is deliberately designed and built for multi-channel distribution, helping the GameFi platform expand its potential audience of users. DEA already has an audience of over 2.3 million users spread across 100 countries, and building relationships with blockchain networks will play an important role in its future expansion plans.
With Astar’s tie-up, DEA will effectively be able to bridge its PlayMining economic zone, including play-to-earn (P2E) games, its native token DEAPcoin (DEP), and even the NFT marketplace, while attracting more business. users to Astar’s public blockchain. This will allow users to access GameFi directly from Astar Network and increase DEP traffic, by extension
Astar Network, which offers lower gas fees, has been working hard to attract DeFi protocols. Already, the parachain has attracted over $1 billion in total value locked (TVL), helping it compete with other major DeFi hubs. With the expansion into GameFi, the smart contract protocol will work to integrate DEA’s play-to-earn gaming content, which currently includes four titles and another set to launch in the coming months.
■ About Astar Network
Formerly known as Plasm Network, Astar Network was founded in 2021 in Japan as a smart contract protocol compatible with EVM and WASM. Now operating as a Polkadot parachain, Astar’s EVM and WASM compatibility helps developers quickly migrate smart contracts and dApps from outside networks to benefit from scalability, affordability and power consumption ultra-low it offers. Funded by Alameda Ventures, Binance, Coinbase, Gavin Wood, Huobi, OKX, and Polychain, the proof-of-stake blockchain technology focuses on sustainability, underscored by its commitment to the dAppStaking strategy to incentivize developers.
More information about Astar Network can be found on its official site.
■ About DEAPcoin (DEP)
DEAPcoin is a utility token that is distributed on DEA’s GameFi platform, PlayMining, and can be used to trade NFTs. PlayMining launched on May 26, 2020, and as of January 2022 had over 2.3 million users in 100 countries around the world.
On January 26, 2022, DEAPcoin was listed on BITPOINT, a crypto asset exchange licensed by the Japan Financial Services Agency, becoming the 38th managed crypto asset in Japan. It is also the first Play to Earn token to circulate in Japan and PlayMining is the world’s first Play to Earn token economy, leading the global GameFi market.
More information about DEAPcoin is available in the white paper.
■ About Digital Entertainment Asset Pte. ltd.
DEA, a GameFi platform company, was founded in Singapore in August 2018 and develops JobTribes, a Play to Earn game, and PlayMining NFT, an NFT marketplace. Using blockchain technology, the company aims to realize a world where value can be created while having fun.
Co-CEOs: Naohito Yoshida, Kozo Yamada
Location: 7 Straits View, Marina One East Tower, #05-01, Singapore 018936
Created: August 2018
Business description: GameFi platform business
Digital Entertainment Asset Pte Ltd
Public Relations: Takasugi｜[email protected] / Soeda｜[email protected]
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