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The Japanese crypto exchange operator DMM’s blockchain gaming and NFT arm DMM Crypto says it has received funding from Neoclassic Capital and others as it eyes “global expansion.”
Per a DMM press release and a report from the Japanese media outlet CoinPost, the firm said that it had also “entered into a new global strategic partnership” with the Singapore-based quantitative trading company and liquidity provider Presto.
DMM called the move a new “strategic partnership.” It claimed this would be a “major step in expanding DMM Crypto’s services” and “accelerating” its “global expansion.”
Neoclassic, based in Florida, in the United States, headed the latest strategic funding round. The parties did not disclose how much money had been invested.
But the group appears to have high hopes for DMM Crypto, which it founded in 2023 with a view to breaking into the world of web3 and crypto gaming.
The DMM group’s crypto exchange arm, DMM Bitcoin, hit the headlines for all the wrong reasons in May this year, when hackers stole some $305 million worth of assets.
DMM Crypto is currently working on a “web3 economic ecosystem” named Seamoon Protocol. It claims the protocol will allow a range of diverse businesses and creators to access the blockchain sphere.
The group is best known in Japan for its video streaming, anime, and e-book services. It also operates e-commerce businesses.