SINGAPORE, Jan. 18, 2022 (GLOBE NEWSWIRE) — Digital Entertainment Asset Pte. (DEA), one of GameFi’s leading companies operating in the game-to-earn (P2E) space, has officially completed a $12 million fundraising round. The round was underwritten by JAFCO Investment Ltd., participating companies, seven publicly traded companies, Spartan Group, LLC and several individual investors.
To realize its ambition to “create a world where people live by playing”, DEA will allocate the new capital to the composition of new content for the PlayMining platform and will accompany the metaverse alongside the development of the infrastructure, the acquisition of talent and the implementation of further refinement of the platform. Together, these initiatives are designed to accelerate user acquisition while expanding the platform’s footprint in the NFT and GameFi marketplaces.
Commenting on the fundraising, President and CEO of JAFCO Investment, Yoshiyuki Shibusawa, noted: “I don’t need to explain the uniqueness of DEA, which was born in Singapore, has close ties with famous Japanese artists and aims for the global market. from Asia. We decided to invest in DEA because we want to work with DEA members in the midst of the “great swell of the times” symbolized by Web3, which was created by the will of individuals and technology.”
PlayMining currently ranks among the fastest growing NFT gaming industry and hosts a range of related services including PlayMining games like JobTribes and an NFT marketplace called NFT: DEP. Governed by the platform’s native DEAPcoin (DEP), PlayMining aims to cultivate direct connections between creators and users in the GameFi universe. The platform now has over 2.4 million registered users from Indonesia, the Philippines, Taiwan, Vietnam and Japan.
DEA Co-Founder and CEO Naohito Yoshida concludes, “Since its inception, DEA’s mission has focused on the concept of playing to win, helping to make gaming a sustainable livelihood for people around the world. The latest funding and investor support brings us one step closer to realizing this ambitious vision. Amid the metaverse’s rapid growth, new capital will help us expand our market share while continuously growing our platform -form to manage the next generation of gaming applications and services.
DEA is a Singapore-based company that was founded in August 2018. On April 8, 2020, the cryptocurrency originally developed by the company, DEAPcoin, was listed on OKEx. DEA also released its first game, JobTribes, a card trading battle game, as well as NFT Marketplace by DEP, a digital art trading marketplace.
Co-CEO：Naohito Yoshida, Kozo Yamada
Address：7 Straits View, Marina One East Tower, #05-01, Singapore 018936
Founded in August 2018 Business Description: Blockchain Entertainment Platform
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