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Cryptocurrency exchange DMM crypto, a subsidiary of Japan’s DMM.com Group, has taken a crucial step towards enhancing its global presence. The firm recently inked a series of strategic partnerships as it aggressively pursues its target to influence blockchain growth and accelerate Web3 expansion.
According to an official press release, the firm announced partnering with U.S.-based Neoclassic Capital of Florida as lead investor and quantitative trading company Presto. The company plans to use its Seamoon Protocol to create an economic hub targeting Web3 creators and businesses. Neoclassic Capital provides the requisite funding while leveraging its global reach and expertise to facilitate the DMM strategic partnership.
Bounce Back and Ride on Strong Foundation
Despite hitting the headlines last May for all the wrong reasons when the group’s crypto exchange branch, DMM Bitcoin, got hacked, and criminals stole at least $305 million worth of digital assets, DMM crypto hopes to bounce back and ride on its strong foundation in entertainment and technology to create its niche across the digital sector, especially within blockchain gaming and financial services. Calling their move a “strategic partnership”, the company stated the move was a “major step in expanding DMM Crypto’s services” that would accelerate the Web3 partnership and its “global expansion.”
Global Web3 Ambition Plans
DMM crypto has established its roots in Japan, where it is a renowned video streaming, anime, and e-book service provider, and it operates a dynamic e-commerce business. The firm is currently working to establish its Seamoon Protocol-“Web3 economic ecosystem”. The firm intends to use the platform to offer a wide range of services to businesses and Web3 creators. Commenting on the new partnership, Neoclassic Capital co-founder and managing partner Steve Lee extolled the group’s achievements, naming it a “leading entertainment conglomerate in Japan” and saying the DMM strategic partnership would prove valuable. He further stated Neoclassic would do everything it could to “support DMM Crypto’s vision in Japan” and its global Web3 expansion plans.
In its goal to accelerate Web3 expansion, DMM crypto has recently announced plans to release a blockchain-based game dubbed KanpaniGirls RE: BLOOM later this month. The firm further stated it has a lineup of other blockchain games it plans to release in the near future. DMM crypto also plans to plunge fully into offering financial services following a deal it signed last August 19th with Hivemapper, a blockchain-powered AI mapping project.
Scale Operations in Japan and Beyond
Hivemapper is a Web3-focused subsidiary of the Japanese conglomerate DMM Group. Through its partnership with Hivemapper, DMM Crypto will be able to produce and distribute educational content in local languages throughout the Asian region, including the Philippines, where the firm has partnered with Coins.ph, the Solana DePIN provider and the leading cryptocurrency exchange in Manila. Additionally, Coins.ph and DMM Crypto will act as local agents for Hivemapper’s dashcams, which are popular with commercial fleet operators across the region.
The main aspect of the DMM strategic partnership planning is its plan to build up on the growing interest in blockchain games in the region. The firm has already made bold strides by actively working on a number of titles specifically prepared for the region as well as international audiences. With the new funding round led by Neoclassic Capital, the firm plans to leverage Neoclassic’s investment expertise to develop new tools that will help scale its operations within Japan and beyond. Further, the partnership with Presto will play a significant role in helping the firm strengthen its financial position by offering it global liquidity.
Conclusion
The latest move by DMM crypto represents a bold move that will help the firm achieve its ambitious goal of trying to accelerate Web3 expansion. The group’s solid foundation in blockchain-based gaming and new partnerships that are poised to enhance its liquidity and a vision to become a leading Wb3 proponent worldwide will see it move closer to achieving its goals. By partnering with these strategic companies, the firm will most likely accelerate its journey towards becoming a global firm and a force to reckon with in the ever-dynamic blockchain and cryptocurrency industry.
