Gate Ventures Backs Japan's Web3 Gaming Leader in $10 Million Funding Round

In a significant move for the Web3 gaming industry, Gate Ventures has announced its strategic investment in double jump.tokyo Inc., Japan's premier Web3 gaming company. This investment is part of a $10 million funding round led by SBI Investment, marking the first closing of double jump.tokyo's Series D.

The funding round has attracted notable industry players, including Sony Group Corporation, Taisu Ventures, and Kitadenshi Inc. This financial boost is expected to play a crucial role in accelerating the development of blockchain games and enhancing blockchain infrastructure, areas where double jump.tokyo has already established a strong foothold.

Since its establishment in 2018, double jump.tokyo has been at the forefront of blockchain game development. The company has gained critical acclaim for titles like "My Crypto Heroes" and has forged partnerships with major gaming corporations. With this latest injection of funds, double jump.tokyo is poised to further cement its position as a driving force in the mass adoption of Web3 technologies.

Kevin Yang, Managing Partner at Gate Ventures, expressed enthusiasm about the investment, stating, "Web3 gaming has always been a core focus for us, and we believe double jump.tokyo is uniquely positioned for success with its visionary leadership, extensive IP resources, and robust engineering capabilities." Yang highlighted the company's emergence as a leader in the Web3 gaming space and praised the team's passion and unwavering belief in the future of Web3 gaming.

The collaboration between Gate Ventures and double jump.tokyo is expected to empower the latter to expand its groundbreaking work in blockchain gaming and infrastructure, potentially driving the global Web3 gaming industry to new heights. This investment aligns with Gate Ventures' commitment to supporting the advancement of blockchain technology and the Web3 gaming ecosystem on a global scale.

Hironobu Ueno, CEO and Founder of double jump.tokyo Inc., shared his perspective on the funding round, stating, "This successful fundraising round serves as a testament to our consistent achievements in the blockchain gaming sector, particularly in collaborative game development utilizing prominent IPs and the advancement of critical blockchain infrastructure, such as Oasys." Ueno outlined plans to allocate the funding primarily toward joint blockchain game development with major game companies and the continued enhancement of blockchain infrastructure.

The funds will be used to strengthen double jump.tokyo's organizational capacity, attract top-tier talent, and invest in the joint development of blockchain games with key partners. These efforts are expected to play a crucial role in advancing the mass adoption of Web3 technologies, particularly within the gaming industry.

This investment by Gate Ventures in double jump.tokyo represents a significant step forward in the Web3 gaming landscape. As blockchain technology continues to evolve and integrate into various sectors, the gaming industry stands at the forefront of innovation. The collaboration between these two companies could potentially accelerate the development and adoption of blockchain-based games, bringing new experiences to gamers worldwide and reshaping the future of the gaming industry.

As the Web3 gaming sector continues to grow, investments like this one from Gate Ventures into double jump.tokyo may serve as catalysts for further innovation and development in the field. The impact of this funding round could extend beyond just these two companies, potentially influencing the broader blockchain and gaming ecosystems and contributing to the mainstream adoption of Web3 technologies.