Gate Ventures announced a strategic investment of $10 million in Japan's leading Web3 gaming company double jump.tokyo.
Gate Ventures Investment in double jump.tokyo
Gate Ventures is proud to be a strategic investor in double jump.tokyo as part of a $10 million funding round led by SBI Investment. This significant investment reflects Gate Ventures' commitment to supporting the advancement of blockchain technology and the Web3 gaming ecosystem on a global scale.
Purpose of Funding
The funding round, which marks the first closing of double jump.tokyo’s Series D, saw participation from leading industry players, including Sony Group Corporation, Taisu Ventures, and Kitadenshi Inc. This financial injection will be pivotal in accelerating the development of blockchain games and the enhancement of blockchain infrastructure, two areas where double jump.tokyo has already established itself as a leader.
Participants' Opinions
Since its inception in 2018, double jump.tokyo has been at the forefront of blockchain game development, achieving critical acclaim with titles like 'My Crypto Heroes.' The company has partnerships with major gaming corporations and develops robust blockchain infrastructure. Kevin Yang, Managing Partner at Gate Ventures, noted, 'We are thrilled to be a strategic investor in double jump.tokyo. The company has a clear vision for the future of Web3 gaming, and we are impressed by their passion and unwavering belief in these technologies.'
The funds will be utilized to bolster double jump.tokyo’s organizational capacity, attract top-tier talent, and invest in the joint development of blockchain games with key partners. These efforts will be instrumental in advancing the mass adoption of Web3 technologies, particularly within the gaming industry.
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