Gate Ventures Invests in double jump.tokyo, Boosting Web3 Gaming Development

In a move that could significantly impact the future of Web3 gaming, Gate Ventures has announced its strategic investment in double jump.tokyo Inc., Japan's premier Web3 gaming company. The investment is part of a $10 million funding round led by SBI Investment, which also saw participation from industry giants such as Sony Group Corporation, Taisu Ventures, and Kitadenshi Inc.

This financial boost marks the first closing of double jump.tokyo's Series D funding and is expected to play a crucial role in accelerating the development of blockchain games and enhancing blockchain infrastructure. Since its establishment in 2018, double jump.tokyo has been a pioneer in blockchain game development, gaining recognition for titles like "My Crypto Heroes" and forging partnerships with major gaming corporations.

Kevin Yang, Managing Partner at Gate Ventures, expressed enthusiasm about the investment, highlighting double jump.tokyo's visionary leadership, extensive IP resources, and robust engineering capabilities as key factors in their decision. The collaboration is expected to empower double jump.tokyo to expand its innovative work in blockchain gaming and infrastructure, potentially driving the global Web3 gaming industry to new heights.

Hironobu Ueno, CEO and Founder of double jump.tokyo Inc., stated that the funds will be primarily allocated towards joint blockchain game development with major game companies and the continued enhancement of their blockchain infrastructure. The company aims to be a driving force behind the mass adoption of Web3, with a clear focus on the blockchain gaming market.

This investment represents a significant step towards the mainstream adoption of blockchain technologies in the gaming industry. As Web3 gaming continues to evolve, the collaboration between Gate Ventures and double jump.tokyo could play a pivotal role in shaping the future of interactive digital entertainment, potentially revolutionizing how games are developed, played, and monetized.

The implications of this investment extend beyond the gaming industry, as advancements in blockchain infrastructure could have far-reaching effects on various sectors embracing Web3 technologies. As double jump.tokyo strengthens its position with this new funding, the company's innovations may set new standards for blockchain integration in gaming and beyond, potentially accelerating the global transition towards a more decentralized digital ecosystem.