CyberStep, an operator of Japanese online games, has announced the launch of CRYPTECH Capital, which will manage corporate cryptocurrency reserves.
Overview of CRYPTECH Capital
CyberStep, known for its game 'Toreba', is opening a new department called CRYPTECH Capital to create and manage its own cryptocurrency reserve. This new division will focus on building a financial base centered on web3 technology.
Self-Circulating Token Economy Strategy
CyberStep plans to utilize a strategy called 'self-circulating token economy'. Instead of issuing shares or opening public trading, the company will allocate 200 million yen for initial purchases, intending to gradually increase this amount to 1 billion yen depending on market conditions.
Investment Plans and Prospects
CRYPTECH Capital is also planning to invest in promising meme coins and web3 tokens. The company expects to achieve profits from asset price appreciation as well as income from staking and providing liquidity, according to their press release.
In summary, the launch of CRYPTECH Capital reflects the growing interest of gaming companies in cryptocurrencies and new financial strategies within the web3 sector.
