Japan’s DMM Crypto Secures Funding, Eyes ‘Global Expansion’

DMM Crypto, the blockchain gaming and NFT arm of the Japanese conglomerate DMM, has secured funding from Neoclassic Capital and others as it looks to expand globally. Alongside the funding, DMM Crypto announced a new strategic partnership with Presto, a Singapore-based trading firm and liquidity provider, which aims to accelerate its international growth.

While the exact investment amount remains undisclosed, Neoclassic, based in Florida, led the funding round. Steve Lee, Co-founder and Managing Partner of Neoclassic, expressed excitement about supporting DMM Crypto’s vision and leveraging the entertainment giant’s influence to enter the global web3 space.

DMM Crypto, launched in 2023, is part of the larger DMM group, which is renowned in Japan for its video streaming, anime, e-books, and e-commerce services. Despite setbacks earlier this year, including a $305 million hack on its crypto exchange DMM Bitcoin, the company is determined to break into blockchain gaming and web3 innovation.

One of the key components of DMM Crypto's strategy is the development of the Seamoon Protocol, a web3 economic ecosystem aimed at helping diverse businesses and creators enter the blockchain space. Additionally, the company plans to release a new blockchain game called Kanpani☆Girls RE

later this month, with more titles in the pipeline.

DMM Crypto is also preparing to offer financial services, following an August partnership with Hivemapper, a blockchain-powered AI mapping project. These developments are part of its broader effort to restore credibility after the May hack, with BTC payouts planned to compensate affected customers.

The funding and partnerships signal that DMM Crypto is focused on rebuilding trust and positioning itself as a key player in blockchain gaming and web3 on the global stage.

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