Key Takeaways
- DEA has secured funding from KDDI’s Open Innovation Fund III, leading to a collaboration between the two entities.
- The partnership aims to link KDDI’s αU metaverse project with PlayMining GameFi’s Play-and-Earn games, offering Web3 incentives to a wider audience.
- Rogue Roll Ruler’s, a new dungeon exploration board game RPG, is set to launch on PlayMining. The game introduces Adventurer, Equipment, and Monster NFTs, which impact gameplay, and uses dice for character movement, adding an element of luck and excitement to earning opportunities.
- DEA is dedicated to promoting social good through Web3 technologies and GameFi. They have engaged in joint development projects with Rita Technology and TEPCO Power Grid, creating games that address labor shortages and have positive social impacts in waste removal and electric power infrastructure inspection.
Digital Entertainment Asset (DEA), a Singapore-based blockchain entertainment company that owns the PlayMining GameFi platform, has secured funding from the KDDI Open Innovation Fund III operated by Global Brain Corporation in Tokyo. The collaboration aims to link KDDI’s “αU” metaverse project with PlayMining’s Play-and-Earn games, offering Web3 incentives to a wider audience and promoting social impact initiatives.
Last year DEA raised $10 million investment from LA-based LDA Capital, a global alternative investment group.
KDDI’s αU metaverse Web3 service, launched in March 2023, aims to provide immersive experiences merging real and virtual worlds. The Open Innovation Fund has invested in various industries, including AI, fintech, B2B SaaS, data marketing, IoT, and entertainment.
DEA’s new funding comes alongside the announcement of “Rogue Roll Ruler’s,” a dungeon exploration-themed board game RPG with competitive treasure hunting using Adventurer, Equipment, and Monster NFTs. The game will be available on PlayMining’s NFT marketplace and is expected to launch around September 2023.
DEA has been actively seeking joint-development collaborations to accelerate mainstream adoption of GameFi and Web3 technologies while promoting social good. They have recently partnered with Rita Technology and TEPCO Power Grid to create P&E games with positive social impacts.
The PlayMining platform offers six P&E games and features the Kamui Fujiwara Verse metaverse project, where players collaborate with a famous manga artist to co-create content. They will soon launch SOUL Fusers, a co-creative game allowing players to contribute to its design and development.
DEA also collaborates with Oasys, a game specialized blockchain, supporting other GameFi projects to launch on their platform. Furthermore, they are working on a joint development project with TV Tokyo Corporation to launch AI virtual idols featured in television shows.
In addition to P&E games, the PlayMining platform hosts two NFT marketplaces and DEA’s cryptocurrency token, DEAPcoin ($DEP). The company also partners with third-party game development studios, providing access to their NFT marketplaces and DEAPcoin integration, benefiting indie game companies looking to monetize new IPs.
Read Also: How Web3 Gaming Drives Social Impact and Economic Empowerment?
