Gate Ventures, the venture capital arm of cryptocurrency exchange Gate.io, has made a strategic investment in double jump.tokyo, a Japanese Web3 gaming company. This investment is part of a $10 million funding round led by SBI Investment.
The funding round, which marks the initial closing of double jump.tokyo’s Series D, also saw contributions from industry giants like Sony Group Corporation, Taisu Ventures, and Kitadenshi Inc. With this new capital infusion, double jump.tokyo plans to advance its blockchain game development and enhance its blockchain infrastructure, areas where the company has already shown expertise.
Founded in 2018, double jump.tokyo has been a frontrunner in blockchain game development, known for games like “My Crypto Heroes.” The company’s innovative approach has led to partnerships with major gaming firms and the creation of a robust blockchain ecosystem.
The newly acquired funds will strengthen organizational capabilities, recruit top talent, and collaborate with strategic partners to develop blockchain games. double jump.tokyo intends to further promote the adoption of Web3 technologies, particularly in the gaming sector, by focusing on collaborative game development and enhancing blockchain infrastructure.
In a statement, Hironobu Ueno, CEO and Founder of double jump.tokyo, acknowledged the successful fundraising round as a testament to the company’s achievements in blockchain gaming. The company plans to allocate the funding towards collaborative game development with key industry players and ongoing enhancement of its blockchain infrastructure to solidify its position as a key player in driving Web3 adoption in the gaming sector.