Crypto News

Japanese Crypto Gaming Startup, Double Jump.Tokyo, Raises $24M

Japanese blockchain gaming startup double recently announced that it has raised $24 million from 16 investors to accelerate the development of new titles with major gaming companies.

“The 3 billion yen raised will be used to invest in the joint development of IP-based blockchain games with major game companies, as well as in the underlying products, partner companies, and decentralized autonomous organization (DAO) projects,” said Hironobu Ueno, CEO of Double Jump.Tokyo.

Founded in 2018 by Ueno, a former executive at gaming company Mobcast, Double Jump.Tokyo has developed several crypto games including My Crypto Heroes, a role-playing game in which users can trade items and characters as non-fungible tokens to earn cryptocurrency.

The company has also announced partnerships with major Japanese gaming companies Square Enix, the studio behind the Final Fantasy and Dragon Quest series, as well as Bandai Namco Entertainment and Sega. Bandai Namco and Sega have previously invested in Double Jump.Tokyo.

(All information was provided by Nikkei Asia)

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