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Sony Backs Double Jump.Tokyo with $10 Million - A Bold Leap Into Blockchain Gaming
Reinout te Brake | 04 Sep 2024 16:38 UTC
In the rapidly evolving landscape of blockchain gaming and web3 technologies, a significant development captures our attention. Double Jump.Tokyo, a front-runner in the innovation and development of blockchain-based gaming applications, has recently concluded a momentous Series D funding round, amassing over $10 million. Notably, the round garnered the backing of industry giants such as SBI Investment and Sony Group Corporation, along with other key players like Taisu Ventures, Gate Ventures, TM Capital, Inc., among others. This influx of investment is set to spearhead advancements in blockchain game creation, infrastructure refinement, and the broadening of the company's talent pool.
Blockchain Gaming and Infrastructure
Since its launch in 2018, Double Jump.Tokyo has set milestones in blockchain gaming realms, beginning with "My crypto Heroes," an innovative game that carved a pathway for future blockchain gaming endeavors. Establishing itself as a beacon in Japan's web3 framework, the company has forged critical partnerships with leading game corporations, constructed a solid blockchain infrastructure, and introduced nft projects aligned with renowned intellectual properties (IPs).
The freshly secured funding will empower Double Jump.Tokyo to bolster its organizational framework and persist in its mission to craft revolutionary blockchain-based gaming experiences. The firm seeks to escalate its game development pursuits in collaboration with major gaming entities, aiming to catalyze the broader acceptance of web3 technologies by embedding blockchain seamlessly into gaming narratives.
Strategic Partnerships and Collaborations
The investment also cements Double Jump.Tokyo's strategic alliances with its principal investors. The alliance with the SBI Group is anticipated to deepen, with a shared vision towards developing comprehensive web3 services, including nft marketplaces. Moreover, collaboration with the Sony Group will focus on the innovation on the Sony blockchain platform "Soneium," aiming to broaden the spectrum of web3 content and services. Teaming up with global cryptocurrency exchanges like Gate Ventures and BingX will further enhance Double Jump.Tokyo's worldwide reach in the web3 domain.
An immediate beneficiary of this financial infusion is the upcoming "Battle of Three Kingdoms," a blockchain game that draws upon SEGA's cherished "Sangokushi Taisen" IP. This project promises to inject fresh innovation into blockchain gaming by reinterpreting the admired Sangokushi Taisen universe through the lens of state-of-the-art blockchain technology.
Investor Confidence and Future Prospects
Investor confidence is surging as demonstrated by the enthusiasm from Jun Hashizume, Manager of the Investment Department at SBI Investment. Commending Double Jump.Tokyo’s ability to consistently deliver compelling content under the stewardship of CEO Hironobu Ueno, Hashizume spotlighted the high expectations pinned on the "Battle of Three Kingdoms" endeavor, highlighting the global talent driving its development.
Esteem and anticipation also resonate from other investors, including Taisu Ventures, Gate Ventures, and Bing Ventures. Their acknowledgment of Double Jump.Tokyo's pivotal role in blockchain gaming and its potential in sculpting the future web3 ecosystem further underscores the strategic importance of this funding. Kazuhito Hadano, General Manager of the Innovation Fund Office at Sony Group Corporation, opined on Double Jump.Tokyo’s distinguished track record and its prospective impact on propelling web3 across the entertainment industry.
Final Thoughts
Hironobu Ueno, CEO and Founder of Double Jump.Tokyo, regards the successful funding round as a validation of the company’s strides in blockchain gaming and infrastructure evolution. Ueno accentuated the dedication to collaborative game development leveraging notable IPs and advancing essential blockchain infrastructure like Oasys. This investment not only underscores the drive towards joint development with major gaming firms but also the commitment to enhancing the company's blockchain infrastructure. By scaling its operations, Double Jump.Tokyo aspires to be at the forefront of mainstreaming web3, with a concentrated emphasis on the blockchain gaming market.
With the landscape of blockchain gaming and web3 technologies at a pivotal juncture, the substantial investment garnered by Double Jump.Tokyo marks a critical milestone. As the company embarks on its next phase of growth, its vision for a future where blockchain is an integral part of gaming and entertainment stands as a beacon for the industry. For those interested in the cutting-edge intersection of gaming and blockchain technology, more details about this remarkable venture can be found here.