DM2C Studio, a division of the DMM Group conglomerate in Japan, said today it is launching the Seamoon Protocol for Web3 games and entertainment.
The protocol is a blockchain-based gaming and entertainment project featuring DMM.com Group’s industry-leading intellectual property catalog.
Seamoon Protocol is also backed by the New York-based venture capital firm, Galaxy Interactive, which served as DM2C Studio’s lead investor during its initial fundraising round in December 2023. Other notable DM2C strategic partners include industry heavyweights Shima Capital, Bitfinex, Marblex, Square Enix, Planetarium Labs, Mask Network and DeFimans.
As part of the Seamoon Protocol launch, DM2C Studio plans to introduce a native token, called DM2P, which will serve as the primary currency of Seamoon Protocol’s digital economy. The DM2P token is designed to meet ERC-20 specifications, which will enable users to leverage the token across virtually all of the world’s major blockchains.
In addition, the DM2P token will serve as a mechanism to reward the Seamoon Protocol community for its members’ daily activities and game play. The DM2P token listing is planned for late-summer on several leading global digital asset exchanges.
DM2C Studio is taking a multi-pronged approach to bring games to market on Seamoon Protocol by combining its in-house and co-development capabilities and by enabling third-party companies to use Seamoon Protocol as a distribution platform for their games. Seamoon Protocol’s first batch of new releases is set to launch in the coming months.
The games will include a Web3 version of the popular DMM.com title, Kanpani Girls RE: BLOOM, which has a peak total of 2.5 million player accounts, as well as debut projects Kyrie & Terra, Bounty Hunters and CoinMusme.
“Seamoon Protocol will enable global audiences to enjoy the world’s best games anytime and provide our community with opportunities to gain new rewards and experiences that go beyond anything that currently exists in the market,” said DM2C Studio CEO, Nagato Kasaki, in a statement. “We are very grateful for the support of our esteemed partners in both Japan and abroad who have helped make Seamoon Protocol a reality.”
“Our primary criterion for selecting investment opportunities is whether the company possesses unique qualities that other companies cannot easily replicate,” said Ryan You, partner at Galaxy Interactive, in a statement. “We see several of these aspects in DM2C, including a large library of original content beloved by enthusiastic fan communities, a track record of success that transcends dozens of sectors and the ability to scale thanks to the backing and enterprise-wide capabilities of DMM.com Group.”
DM2C Studio background
The DMM Web3 division is called DM2C and it was founded in 2022. It is working on the Seamoon blockchain protocol. There are 12 Web3 games in development and 30 partnership deals in the pipeline. The division has 50 employees.
DM2C Studio is a subsidiary of DMM.com Group that was established in January 2023 to spearhead the company’s Web3 business, including blockchain games and NFT projects. DM2C’s studio’s first major project is the launch of Seamoon Protocol — a blockchain-based gaming and entertainment platform featuring DMM.com Group’s industry-leading titles. For more information, about DM2C andSeamoon Protocol, please visit seamoon.dmm.com.
DMM.com’s plans for Seamoon Protocol include producing Web3-native versions of some of DMM’s most popular games including: Kanpani Girls Re:Bloom, Kamiyagura, CoinMusume, Duelyst 3.0, Bounty Hunters and Kyrie & Terra. It will also launch the DM2P digital token, a native cryptocurrency with utility across DMM’s businesses. And it will introduce a new stablecoin in partnership with Mitsubishi UFJ, Japan’s largest bank.
DMM’s annual revenue is about $2.5 billion. It owns 25 portfolio companies and was founded in Tokyo in 1999. Keishi Kameyama is chairman and founder, while Takanori Katagiri is CEO. The company has 4,600 employees and 41 million subscribers. The DMM Gaming Division has $570 million in annual revenue, 34 million registered users, 240 titles, and 950 employees. It was started in 2017.
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