Announcement of Establishment of CA GameFi, Inc․ For Developing Blockchain Games within the Global Market

PRESS RELEASE. CA GameFi Inc., (headquartered in Shibuya-ku, Tokyo, Japan; Taro Yamamoto, Representative Director; hereafter CA GameFi), a subsidiary of CyberAgent Inc. (headquartered in Shibuya-ku, Tokyo, Japan; Makoto Fujita, Representative Director; listed on the TSE’s first part, Stock Code 4751; hereafter CyberAgent), now pronounces the institution of the corporate to run blockchain recreation enterprise on March 23th, 2022.

CA GamesFi was established to launch blockchain video games to the worldwide market, together with Asia and the United States, by leveraging CyberAgent’s energy collected by way of the event of its main recreation titles. The above-mentioned blockchain video games embody their titles and video games whose IP are held by different corporations.

Background and Purpose of Establishment

In current years, GameFi has been attracting consideration available in the market. GameFi, a time period coined by combining “Game” and “Finance”, refers to a recreation that integrates NFT and cryptocurrencies based mostly on blockchain know-how.

Unlike the normal manner of having fun with video games simply as leisure, GameFi is designed to offer all the ecosystem by way of characters and gadgets whose originality and rarity are assured by blockchain. These characters and objects have asset worth and are generally traded in a big quantity, particularly in in style video games.

Since there are already mega titles globally with multiple million energetic customers and cumulative transaction quantities of lots of of billions of {dollars}, GameFi is now acknowledged as a brand new rising market that distinguishes itself from the normal recreation market.

CyberAgent has grown to one of many largest smartphone recreation corporations by constantly producing a string of hits with a number of subsidiaries acquired by way of the current large-scale improvement. CyberAgent will create blockchain video games as a brand new enterprise by way of CA GameFi by using its know-how, creativity, operational functionality and observe data of improvement and operation of assorted IP-based video games. CA GameFi will goal customers in English-speaking areas corresponding to North America and Asia by offering its titles and totally different IP-based titles.

CA GameFi goals to create an ecosystem with sustained progress by offering high-quality video games that acquire worldwide recognition within the GameFi market.

About CA GameFi, Inc.

Company Name CA GameFi, Inc.

Address 40-1 Udagawa-cho, Shibuya-ku, Tokyo

Established March 23, 2022

Representative President and CEO Yamamoto Taro

Business Blockchain recreation improvement

Corporate web site https://www.cagamefi.co.jp

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