PlayStation maker Sony and other investors have invested $10 million in Double Jump Tokyo to fund the development of games based on blockchain technology.
Double Jump Tokyo said the investment round was led by Japanese venture capital firm SBI Investment with backing from Sony Group Corporation, Taisu Ventures, Gate Ventures, TM Capital, Bing Ventures and a “high-profile entity that preferred to remain anonymous.”
“The capital will be used to further develop and support blockchain games, blockchain infrastructure and related services, as well as to strengthen the company's organizational structure and talent base,” it is read in a press release.
The double jump is I currently work with Ubisoft to “accelerate the global adoption of web3 games” with Champion Tactics. Also in collaboration with Sega create Battle of the Three Kingdomsa blockchain title based on the Sangokushi Taisen franchise.
Blockchain and NFT projects have proven controversial in the video game industry, with detractors pointing out the speculative nature of the technology and environmental concerns. However, some major studios continue to flirt with a concept they believe could deliver “innovative” and “engaging” results in the right hands.
Speaking about the investment, SBI department head Kabuki Onishi said Double Jump has a “steady track record” of developing blockchain solutions that resonate with gamers. He said the company’s latest project has the potential to be a “global success.”
Kazuhito Hadano, general manager of the innovation fund office at Sony Group Corporation, offered an equally glowing assessment. He said that Double Jump is poised to “lead the adoption of web3 in the entertainment industry.”
