In 2021, during the cryptocurrency market boom, NFTs and Web3 games emerged as significant topics, introducing new aspects of digital ownership and decentralized ecosystems. However, after the subsequent market downturn, the industry faced a number of challenges, especially for projects focused on NFTs.

In such a challenging situation, SBINFT made the decision to shift its focus from NFTs to Web3 games, considering it to be the ideal time for such a move. SBINFT's CEO Chandok Ko discussed the strategic aspects of this transition in detail in an interview with DailyCoin, revealing the company's plans for the future.

The history of SBINFT began with the merger of the Smartapp cryptocurrency wallet and the DoubleJumpTokyo game. Initially, the company focused on wallets, but later transitioned to NFTs due to difficulties in the Japanese cryptocurrency wallet market. After joining SBI Group in August 2021, the company was renamed SBINFT and gained popularity through the Nanakusa platform, which is oriented towards authorized performers and partners.

However, considering the temporary nature of NFTs after the bear market in 2022, SBINFT shifted its focus to the blockchain gaming industry. According to Chandok Ko, the absence of a market for blockchain games in Japan and the emergence of Oasys were key factors that prompted the company to make this decision.