DM2C Studio, a division of the Japanese conglomerate DMM Group, has announced the launch of the Seamoon Protocol, a blockchain-based project aimed at transforming Web3 games and entertainment. The Seamoon Protocol is set to leverage DMM.com Group’s extensive intellectual property catalog, bringing a new dimension to the gaming and entertainment industry.
Strategic Backing and Investment
The Seamoon Protocol is supported by Galaxy Interactive, a New York-based venture capital firm that led DM2C Studio’s initial fundraising round in December 2023. The project also boasts strategic partnerships with prominent industry players such as Shima Capital, Bitfinex, Marblex, Square Enix, Planetarium Labs, Mask Network, and DeFimans. These collaborations are expected to provide significant momentum to the Seamoon Protocol’s development and market introduction.
Introducing the DM2P Token
As part of the Seamoon Protocol launch, DM2C Studio plans to introduce a native token, DM2P, which will serve as the primary currency within the protocol’s digital economy. The DM2P token, designed to meet ERC-20 specifications, will be compatible with most major blockchains, ensuring widespread usability. Additionally, the DM2P token will function as a reward mechanism for community members based on their daily activities and gameplay. The token is slated for listing on several leading global digital asset exchanges by late summer.
Game Development and Distribution Strategy
DM2C Studio is adopting a comprehensive approach to bring games to market on the Seamoon Protocol. This strategy includes leveraging both in-house and co-development capabilities and enabling third-party companies to use Seamoon Protocol as a distribution platform for their games. The initial batch of releases, expected in the coming months, will feature a Web3 version of the popular DMM.com title, Kanpani Girls RE: BLOOM, along with new projects such as Kyrie & Terra, Bounty Hunters, and CoinMusume.
Vision for Global Gaming Community
The CEO of DM2C Studio, Nagato Kasaki, expressed the company’s excitement about the Seamoon Protocol’s potential to provide global audiences with access to top-tier games and offer the community new rewards and experiences that surpass current market offerings. Kasaki acknowledged the vital support from partners in Japan and abroad, which has been instrumental in bringing the Seamoon Protocol to fruition.
Investment Perspectives
Ryan You, a partner at Galaxy Interactive, highlighted the unique qualities of DM2C that make it an attractive investment opportunity. He emphasized DM2C’s extensive library of original content, a proven track record across multiple sectors, and the ability to scale, bolstered by the backing and capabilities of the DMM.com Group. These factors, according to You, position DM2C for significant success in the Web3 space.
Background and Future Prospects
The DMM Web3 division, known as DM2C, was established in 2022 and has been actively working on the Seamoon blockchain protocol. Currently, there are 12 Web3 games in development and 30 partnership deals in progress. The division employs 50 people and aims to spearhead DMM.com’s Web3 business, including blockchain games and NFT projects. DM2C Studio, a subsidiary of DMM.com Group, was founded in January 2023 to lead these initiatives. The Seamoon Protocol is DM2C Studio’s first major project, featuring some of DMM.com Group’s most popular titles.
Extensive Game Catalog and Financial Overview
DMM.com plans to release Web3-native versions of popular games such as Kanpani Girls Re: Bloom, Kamiyagura, CoinMusume, Duelyst 3.0, Bounty Hunters, and Kyrie & Terra. Additionally, the company will launch the DM2P digital token, which will have utility across DMM’s various businesses, and introduce a new stablecoin in partnership with Mitsubishi UFJ, Japan’s largest bank.
With an annual revenue of approximately $2.5 billion, DMM.com owns 25 portfolio companies. Founded in Tokyo in 1999, the company is led by chairman and founder Keishi Kameyama and CEO Takanori Katagiri. DMM.com employs 4,600 people and has 41 million subscribers. The DMM Gaming Division, launched in 2017, generates $570 million in annual revenue, has 34 million registered users, offers 240 titles, and employs 950 people.
Looking Ahead
The Seamoon Protocol represents a significant advancement in integrating blockchain technology with the gaming industry. Through strategic partnerships, innovative game development, and the introduction of the DM2P token, DM2C Studio is poised to redefine the digital gaming landscape, offering unparalleled experiences and opportunities for gamers worldwide. As the Seamoon Protocol continues to develop, it is set to play a pivotal role in the future of Web3 gaming and entertainment.