DEA is a Singapore-based global Web3 entertainment company launched in 2018. It manages intellectual property (IP) monetization for content creators and operates the PlayMining platform, which comprises a growing selection of P&E games, the PlayMining NFT marketplace, the in-development PlayMining Verse metaverse and the DEAPcoin ($DEP) token.
“LDA is pleased to support DEA with flexible growth capital as it advances its innovative approach to content monetization and P2E gaming. DEA continues to distinguish itself with its cash flow generating business model and solid user base positioning them as market leaders,” said LDA Capital Managing Partner and co-founder Warren Baker.
The investment will further accelerate DEA’s business and market expansion as well as help optimize the development of its Web3 entertainment platform.
“DEA is very pleased to receive funding from LDA Capital, especially in the current bear market conditions,” said DEA co-founder and co-CEO Naohito Yoshida.
“We have been rapidly building out our catalogue of Play-and-Earn NFT games, now enjoyed by 2.6 million users. This fresh funding will help develop our platform and drive market expansion even further, as we continue to actively form more strategic partnerships that broaden our ecosystem and to consolidate a leading position in the Web3 entertainment landscape.”
Expanding DEA’s ecosystem and GameFi Platform
DEA’s PlayMining platform features content from some of the hottest names in Japanese anime and video games. The company has their own token, DEAPcoin ($DEP), which is the first and currently only P2E token officially approved by Japan’s Financial Service Agency.
Players can earn DEP through play, which can be spent on the platform’s marketplace to buy NFTs that enhance gameplay, or traded on crypto exchanges including OKX, Uniswap, Gate.io and Bitmart, among others.
In addition to GameFi NFTs, the PlayMining NFT market also sells artwork NFTs from some of the most popular Japanese anime and video game artists. The company has paid out over SG$9 million in royalties to both official and fan artists over the past four years, with a mission of creating a fairer distribution channel for creators.
DEA also helps independent game studios launch NFT games and monetize their IPs on the PlayMining platform. By integrating DEP in their games, game development companies are able to expand their IPs with NFT and metaverse offerings.
In a bid to level the notoriously challenging creative IP playing field, PlayMining offers third-party developers much more reasonable fees than the 30% cut that the biggest distributors such as Nintendo and Apple take.
“We pride ourselves on working toward social good in all of our endeavours,” Yoshida said.
“That includes helping indie studios successfully build their IPs in what has traditionally been an extremely challenging industry to grow in, as well as creating new income possibilities for those in need through P&E games. Fairness and transparency are the true spirit of Web3, concepts that DEA fully embraces.”
DEA has users from all over the world, but has an especially large stake in Japan, with DEP being the first P&E token to be officially approved by Japan’s Financial Service Agency.