[NEWS] PlayMining supports overseas expansion of "Sake World NFT"

Digital Entertainment Asset Pte.Ltd (DEA), which owns the Singapore-based GameFi platform business, has announced that it will support the overseas expansion of "Sake World NFT," a sake NFT marketplace operated by Leaf Publications.

DEA will promote the sale and distribution of sake NFTs handled by "Sake World NFT" by utilizing game content.

The business using "Sake World NFT" has been adopted as theme 1 "Building a digital market (issuance and distribution market) for physical assets and intangible assets" in the Ministry of Economy, Trade and Industry's "FY2023 Web 3.0 and Blockchain-based Digital Public Goods Construction Demonstration Project."

DEA has worked with Leaf Publications to discuss the "Tasting Sake to Earn" project concept as an idea to promote overseas sales of sake in order to solve the problems of sake brewers who are struggling with sluggish sales.

Now that a business utilizing "Sake World NFT" has been selected by the Ministry of Economy, Trade and Industry, it has been decided to develop a demonstration project mainly in Singapore.

"Sake World NFT" is a new marketplace where in addition to being able to purchase sake like a regular mail order site, it also allows sake to be aged and stored, and sold between individuals.

One notable feature is that, due to regulations under the Liquor Tax Act, in principle only those who hold a liquor retail license can sell alcoholic beverages, including sake, but this marketplace allows general users who do not hold a license to buy and sell.

In addition, in order to boost the sake industry, a system has been incorporated in which when a sale is made between general users, a certain royalty on the transaction amount is returned as revenue to the brewery that produced the sake.

Founded in August 2018, DEA is a developer of play to earn games and operates the GameFi platform "PlayMining", the NFT marketplace "PlayMining NFT", the company's own crypto asset "DEAPcoin (DEP)", and games that solve social issues, including the joint title "Pictre" with TEPCO Power Grid and GGG.

 GameFi Platform "PlayMining"

The two co-CEOs, Naoto Yoshida and Kozo Yamada, lead the team with decades of experience in founding startup companies, including three IPOs, producing hit games, producing web TV shows, and having a deep understanding of NFT games.

PlayMining is a GameFi platform based on the crypto asset DEP, the NFT marketplace "PlayMining NFT", and multiple play to earn titles. Currently, it has more than 2.6 million members worldwide, and continues to expand its content and user base with the concept of "creating an economic society where everyone can live while having fun". 

Reference: Official announcement
Image: Press release

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