Double Jump.Tokyo, a Japan-based Web3 gaming company, has successfully raised over $10 million in the first closing of its Series D funding round. The round was led by SBI Investment, a prominent venture capital firm in Japan, with additional participation from Sony Group Corporation and other investors. These funds will help develop blockchain games and an ecosystem of services around them while also helping the company improve its organizational structure, and its human resources; this suggests further expansion.

SBI Investment’s participation as one of the significant companies in Japan’s financial market signals the enhancement of relations with SBI Group, a big financial holding company in Japan. These additions are also expected to improve Web3 services and support the development of non-fungible token (NFT) platforms.

Apart from the current projects, Double Jump.Tokyo has also stated its future participation in the newly launched “Soneium” blockchain project which intends to promote the creation of new services and projects.

Sony Exec Highlights Double Jump.Tokyo’s Role in Leading Web3 Gaming

Kazuhito Hadano, the General Manager of the Innovation Fund Office at Sony Group Corporation pointed out that Double Jump.Tokyo holds huge importance. He stressed his belief in the company’s ability to popularize Web3 in the sphere of entertainment as it strengthens its status as a leader in the industry.

Double Jump.Tokyo is also looking forward to a new blockchain game dubbed “Battle of the Three Kingdoms,” based on Sega’s Sangokushi Taisen series. Introducing this game in October 2022, Sega made its debut as a blockchain gaming company. It will also employ Web3 solutions and features through Oasys, a blockchain software solely dedicated to gaming.

As Double Jump.Tokyo expands and develops its offerings in Web3 gaming, it is in a unique position to drive the adoption of blockchain in entertainment as a whole. The fact that the company has managed to secure $90 million in the recent Series D funding round shows how investors are rallying behind the company’s plans and prospects.

The post Double Jump.Tokyo Raises Over $10 Million From SBI and Sony Group appeared first on Live Bitcoin News.