DMM Group's Web3 subsidiary DM2C Studio has completed a $2.3 million financing round, led by Galaxy Interactive

2023-12-20 13:16:52

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ChainCatcher News, the Japanese entertainment giant DMM Group's Web3 subsidiary DM2C Studio announced the completion of a $2.3 million financing through the issuance of convertible bonds, led by Galaxy Interactive, with participation from Shima Capital, Bitfinex, MARBLEX, SQUARE ENIX HOLDINGS CO., LTD., Planetarium Labs, Mask Network, and DeFimans Co., Ltd. This is DM2C Studio's first round of financing, aimed at establishing strategic partnerships for comprehensive global expansion. DM2C Studio also released the white paper for its Web3 initiative "Seamoon Protocol" on its website today.

It is reported that DM2C Studio was established in January 2023, with the goal of developing DMM's Web3 business, including blockchain games and NFT projects. In June of this year, DM2C Studio launched the web3 project "Seamoon Protocol," which utilizes its token to provide new entertainment experiences in the digital space. The project plans to launch its proprietary blockchain "DM2 Verse" on Oasys Layer2, introduce its "DM2P" token, and implement initiatives such as blockchain gaming.

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