[This unedited press release is made available courtesy of Gamasutra and its partnership with notable game PR-related resource GamesPress.]
SAN FRANCISCO, EUROPE, ANZ AND SOUTHEAST ASIA – December 27, 2018 – gumi Cryptos LLC, an equity-method affiliate of gumi Inc., today announced that it made a strategic partnership with “TRON Arcade,” a blockchain game dedicated investment fund of the Blockchain Foundation “TRON.”
“TRON” raised funds of $58 million USD via ICO (Initial Coin Offering) in September 2017. As of December 25, 2018, “TRON” has a market capitalization of $1.3 billion USD (the 10th largest crypto according to CoinMarketCap.com). In November 2018, TRON established a fund “TRON Arcade,” totaling $100 million USD to actively invest in the blockchain game area to build a blockchain game ecosystem.
Through this partnership, “TRON Arcade” and gumi Cryptos are aiming to co-invest in the blockchain gaming projects that are “Changing how game is created and enjoyed”, while maximizing synergies by sharing the expertise of both companies.
Roy Liu, TRON’s Head of Business Development, is also optimistic about this development for gaming, blockchain, and TRON, saying: “It’s great to see that a traditional gaming leader like gumi is also paying attention to the emerging blockchain gaming space. We both believe blockchain gaming will lead to the next wave of adoption for the nascent technology. There’s a good chance that the first “killer” gaming Dapp will be the mass market use case that everyone is searching for. TRON Arcade will allow for developers to let their imaginations run wild and build the games of tomorrow for a hungry audience. TRON Arcade and its partners will leverage our resources, networks, and expertise to continue building better use cases and businesses within the blockchain space.”
Ray Zhang, Managing Director at gumi Cryptos, says: “Gamers are often the first adopters of any new technology. Although gumi Cryptos is not solely a game fund, we are happy to co-invest with TRON Arcade on startups best positioned to benefit from our Japan market-entry services and strong networks in gaming as well as TRON’s platform and distribution channels.”
About gumi Inc.
Founded in 2007, gumi Inc. (Tokyo Stock Exchange: 3903) is a leading global mobile game publisher and developer headquartered in Japan, with overseas operations in France, Korea, Singapore, Taiwan and the United States. The company has proven success in launching titles worldwide, such as the widely popular role-playing games Brave Frontier and THE ALCHEMIST CODE. In 2016, gumi established a Silicon Valley-based investment group with partners, called The Venture Reality Fund, which focuses on seed and early stage augmented reality and virtual reality startups. Its VR incubation subsidiaries have expanded globally, including Tokyo XR Startups, Seoul XR Startups, and Nordic XR Startups. In 2018, the company launched gumi Cryptos, an investment arm in blockchain technology and funds. With ongoing publishing and development projects on a wide array of mobile, AR and VR platforms, gumi aims to change the world through innovative entertainment products and services, including both original content and collaborations with popular IP. For more information, please visit http://www.gu3.co.jp/en/.