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Singaporean GameFi Firm Raises $12M During Seed Funding Round -Breaking

by Mike Robinson

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Singaporean GameFi Firm Raises $12M During Seed Funding Round
  • During the seed funding round of its Singapore-based Digital Entertainment Asset, (DEA), more than $12 Million was raised.
  • Funds will be used by the company to establish a GameFi ecosystem.
  • Since its conception, DEA has seen the importance of P2E in making gaming a profitable business.

Digital Entertainment Asset (DEA), a Singapore-based GameFi company, announced it had raised $12 million in its seed financing round. The mentioned funding was led by JAFCO Investment Ltd and other publicly listed companies. In a document sent to CoinQuora, the company said that it will utilize said amount to “create a world where people live by playing.”

DEA also pledged capital to fund a content forum on its PlayMining platform. The company describes it as the most dynamic in NFT gaming and claims that it is one of the fastest growing. This initiative was also taken by DEA to investigate user-based acquisitions and expand its NFT portfolio on the GamiFi marketplace. Naohito Yashida (DEA CEO, Co-Founder) said.

This ambitious goal is now possible thanks to the new funding as well as support from investors. Amid the metaverse’s rapid growth, the new capital will help us enlarge our market share while continuously developing our platform to handle the next generation of gaming applications and services.

PlayMining offers a variety of services such as JobTribes, NFT market place NFT DEP and many other games. PlayMining, powered by DEAPcoin(DEP), has the strong goal of establishing a direct relationship between game creators and GameFi users. PlayMining claims to have over 2.5 million users in Japan, Taiwan Indonesia, Vietnam and Vietnam.

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