Web3 gaming firm Double Jump Tokyo secures $10M from investors

Double Jump Tokyo, a Japanese company specialising in Web3 gaming, has raised over $10 million in the first closing of its Series D funding round.

This round was led by SBI Investment, a major venture capital firm in Japan, with participation from Sony Group Corporation and other investors.

The newly raised capital will be used to advance the company's blockchain gaming projects, develop related services, and expand its organisational structure and talent pool.

The fresh funding comes as Double Jump Tokyo aims to strengthen its position in the evolving blockchain gaming market.

SBI Investment's involvement suggests a closer alignment with SBI Group, a prominent Japanese financial consortium, which could lead to future collaborations in areas like Web3 offerings and non-fungible token (NFT) marketplaces.

Double Jump Tokyo has also shown interest in joining the "Soneium" project, which focuses on developing new services and initiatives on a blockchain platform.

Kazuhito Hadano, General Manager of the Innovation Fund Office at Sony Group Corporation, expressed confidence in Double Jump Tokyo's potential to advance Web3 gaming technology.

He noted that as the company grows, its technological and development expertise is expected to drive broader adoption of Web3 in the entertainment industry.

Currently, Double Jump Tokyo is focusing on the launch of “Battle of the Three Kingdoms,” a game based on Sega’s Sangokushi Taisen franchise.

Announced in October 2022, this is Sega's first venture into blockchain gaming.

The game will use Oasys, a blockchain designed specifically for gaming, to integrate its Web3 features and functionalities.

The successful funding round and strategic moves by Double Jump Tokyo indicate a growing interest in Web3 gaming and blockchain technology within traditional gaming and financial sectors.

As the company continues to innovate, it is expected to play a pivotal role in the development and adoption of Web3 technology across various entertainment platforms.