[NEWS] DEA raises funds from KDDI, plans wide-ranging collaboration in the Web 3.0 field

On the 4th, DEA (Digital Entertainment Asset Pte. Ltd.), a Singapore-based NFT game development and operation company, announced that it has raised funds from "KDDI Open Innovation Fund 3", which aims to co-create new businesses with promising venture companies.

The specific amount of funds raised has not been disclosed.

KDDI has been strengthening its focus on the Web 3.0 field since the beginning of this year, such as launching "αU (Alpha U)" as a metaverse and Web 3.0 service in March of this year. αU offers "αU market", where you can purchase digital art works such as NFTs, as well as "αU wallet" for managing crypto assets.

KDDI Open Innovation Fund 3, which raised funds this time, was established in 2018. At the time of the announcement, it was revealed that it plans to invest 20 billion yen over five years.

Meanwhile, DEA provides the GameFi platform "PlayMining", which has more than 2.7 million users in over 100 countries around the world since the service began in 2020 as of August this year.

According to the announcement, DEA and KDDI plan to collaborate extensively in the Web 3.0 field through this funding. Specifically, they are considering a game link between KDDI's αU and DEA's PlayMining, as well as joint efforts in social problem-solving games promoted by DEA.

At the time of the announcement, KDDI Business Creation Headquarters Web3 Promotion Department Director Tatebayashi Shunpei commented about DEA, "Their track record of achieving results in the rapidly expanding Web 3.0 field and realizing global expansion is a solid testament to their reliability." He said that by collaborating with αU and supporting DEA's business, they aim to further accelerate their efforts in the Web 3.0 era and create new value together.

In addition, DEA Founder & CEO Naoto Yoshida stated that this investment and collaboration was made possible due to the shared vision of both parties, and commented, "Starting with our collaboration with αU using PlayMining's assets, the two companies will work together to widely spread the value of Web 3.0 to the entire society through various initiatives, including social problem-solving games."

This year in particular, DEA has been accelerating its efforts in social problem-solving games.

Recently, DEA signed an MOU (memorandum of understanding) with TEPCO PG (TEPCO Power Grid) and GGG (Greenway Grid Global Pte. Ltd.) to consider participatory social contribution content using power assets such as utility poles. Going forward, we aim to release a test version of the social problem-solving game in early 2024.

Reference:Announcement
Image: Quoted from DEA announcement