Digital Entertainment Nabs $12M in Seed Round to Fund Operations, Talent Acquisition, and Platform Development Initiatives

Digital Entertainment (DEA), a leading name in the GameFi space, has raised a $12 million seed round to expand its team, develop its platform, and grow its operations. Besides JAFCO Investment Ltd., Spartan Group, LLC, seven publicly-listed companies, and several angel investors took part in DEA’s seed round.

Yoshiyuki Shibusawa, JAFCO Investment’s President & CEO, believes that DEA is perfectly placed to benefit from the growing interest in GameFi & NFTs in the Asian market. Commenting about his company’s investment in DEA, he said:

“I don’t need to explain the uniqueness of DEA, which was born in Singapore, has strong connections with famous Japanese artists, and has its sights set on the global market from Asia. We decided to invest in DEA because we want to work with the members of DEA in the midst of the ‘big swell of the times’ symbolized by Web3, which has been created by the will of individuals and technology.”

DEA is not a new name in the crypto space, as the GameFi operator is known for its cryptocurrency DEA Coin, which was developed on April 8th, 2020. Not only cryptocurrency, but DEA had also launched a card trading battle game known as JobTribes and an NFT marketplace.

As for the funding, it will also enable the company to make its presence felt in the burgeoning NFT & GameFi sectors, and on the development of new content for its PlayMining platform, which is already among the most well-known names in the NFT space.

Talking about the successful seed round, Naohito Yoshida, Co-founder, and CEO of Digital Entertainment Asset Pte. Ltd., said:

“From its inception, DEA’s mission has focused on the concept of play-to-earn, helping make gaming a sustainable livelihood for people around the world. The latest funding and support from investors bring us one step closer to realizing this ambitious vision. 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.”

The PlayMining platform is the crown jewel of Digital Entertainment and has already amassed over 2.4 registered users in major Asian economies, such as Indonesia, the Philippines, Taiwan, Vietnam, Japan. DEA’s native token powers its PlayMining platform and the company plans to connect it to the GameFi universe.