Digital Entertainment Asset (DEA), a Singapore-based global blockchain entertainment company and owner of the popular PlayMining GameFi platform, has secured funding from the “KDDI Open Innovation Fund III” operated by Tokyo-based Global Brain Corporation (KDDI). The fresh funding will help DEA pursue new business collaborations in the Web3 space, including KDDI’s own “αU” metaverse project.
“We are very proud to announce our new investment and collaboration agreement with KDDI,” said DEA co-founder and co-CEO Naohito Yoshida. “We look forward to working together with KDDI to offer various Web3 incentives to a wider audience, including the use of PlayMining assets in the αU metaverse and joint efforts to promote DEA’s ‘GameFi-for-Good’ social impact initiatives.”
Pronounced “Alpha U”, KDDI’s αU metaverse Web3 service launched in March 2023 with the aim of providing advanced immersive experiences that merge the real and virtual worlds. KDDI’s Open Innovation Fund is a corporate venture fund that has a total investment size of around US$139 million in various industries including AI, fintech, B2B SaaS, data marketing, IoT and entertainment.
“DEA’s achievements in the rapidly growing Web3 field are a solid testament to its trustworthiness. The company has steadily produced results and achieved global expansion,” said KDDI’s Head of Web3 Promotions Shunpei Tatebayashi. “We also deeply empathize with their vision of promoting both entertainment and sustainable social contribution.”
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