Looking ahead to the arrival of the Web3 era
Various projects based on blockchain technology and making use of token economies, NFTs, and DAOs, have recently emerged.
However, it is still unclear what Web3 will ultimately become, how it will contribute to the development of society, and how it will revolutionize the industry.
DMM will strive to create projects in this space that are "truly valuable and sustainable.”
Background of our work on Web3
Web3 and its associated technologies are driving the development of many new types of social and economic activities, and a wide variety of content creators are forming communities around these activities.
The following questions are at the heart of our project:
- Are these activities and communities truly receiving the recognition, economic compensation, and profits that reflect the value they contribute?
- Is there a concentration of interest and capital in a particular activity, content, or community?
With the characteristics and possibilities of decentralization, Web3 has the potential to allow more individuals to become involved in various business processes, and also for capital return, as token incentives are given to activities and individuals that have not been monetarily valued until now.
By utilizing the features and characteristics unique to Web3, we will take on the challenge of providing visible value to our users.
We aim to build a token economy based on our own tokens.
We also plan to develop various projects in the economy, such as:
Development and operation of GameFi and the GameFi platform.
Various NFT projects.
Various X2E projects.
Co-creation of projects with Web3 entrepreneurs/communities/creators.
Projects utilizing DMM Group's assets, including more than 50 businesses and over 30 million members.
As a first step, we will begin the development of GameFi, aiming to release it around spring 2023. We will also develop and operate a safe and secure Web3 platform in cooperation with our group company DMM Bitcoin Inc. Each project is still in the conceptual stage, and release dates are not yet finalized.
The details of the projects will be disclosed in pre-releases and white papers as they become available.
About DMM.com LLC
We operate DMM.com, a comprehensive service site with 39.14 million members*. Since its establishment in 1998, DMM.com has developed more than 50 services including video distribution, FX, English language lessons, games, solar power generation, and 3D printing. We have been involved in various operations, such as entering the aquarium business in Okinawa and managing a soccer club in Belgium. Since 2018, we have also been strengthening our support for young entrepreneurs, investing through "DMM VENTURES" and actively pursuing M&A opportunities. We will continue to change and evolve in line with our corporate message "A future that everyone wants to see.”
*As of February 2022