[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 ASIAN SOUTH-EAST – 27 December 2018 – gumi Cryptos LLC, a subsidiary of gumi Inc., today announced that it has entered into a strategic partnership with "TRON Arcade", an investment fund dedicated to the Blockchain Foundation "TRON".
"TRON" raised funds for $ 58 million USD through ICO (Initial Coin Offering) in September 2017. As of December 25, 2018, "TRON" has a market capitalization of $ 1.3 billion USD (the tenth largest encryption according to CoinMarketCap.com). In November 2018, TRON established a "TRON Arcade" fund, for a total of $ 100 million to actively invest in the blockchain gaming area to build an ecosystem of blockchain games.
Through this partnership, "TRON Arcade" and gumi Cryptos aim to co-invest in blockchain gaming projects that are "changing the way the game is created and enjoyed", while maximizing synergies by sharing the skills of both companies.
Also Roy Liu, Head of Business Development at TRON, is optimistic about this development for gaming, blockchain and TRON, saying: "It's nice to see that a traditional game leader like Gumi is also paying attention to the emerging blockchain gaming space. We both believe that the gaming blockchain will lead to the next wave of adoption for nascent technology – there is a good chance that the first "killer" game Dapp will be the mass market case that everyone is looking for. developers to let their imagination run wild and build tomorrow's games for a hungry audience.Tron Arcade and its partners will leverage our resources, networks and expertise to continue to create better use cases and businesses 39, inside the blockchain space ".
Ray Zhang, Managing Director of Gumi Cryptos, says: "Players are often the first to adopt a new technology, although Gumi Cryptos is not just a game fund, we are happy to co-invest with TRON Arcade on startups that are best placed to benefit from our services to enter the Japanese market and strong gaming networks, as well as the TRON platform and distribution channels. "
About gumi Inc.
Founded in 2007, gumi Inc. (Tokyo Stock Exchange: 3903) is a world-leading mobile game publisher and developer based in Japan, with operations abroad in France, Korea, Singapore, Taiwan and the United States. The company has been successful in launching titles all over the world, such as the popular role-playing games Brave Frontier and THE ALCHEMIST CODE. In 2016, gumi founded an investment group with Silicon Valley partners, called The Venture Reality Fund, which focuses on seed and early stage realtime increased and on virtual reality. Its VR incubation branches 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 editorial and development projects on a wide range of mobile, AR and VR platforms, gumi aims to change the world through innovative entertainment products and services, including original content and collaborations with popular IP. For more information, visit http://www.gu3.co.jp/en/.