DMM Crypto secures Neoclassic Capital as lead investor, enhancing its Web3 initiatives and partnerships, including collaboration with Presto for growth.
Japanese cryptocurrency exchange DMM Crypto has made significant strides in the Web3 space. As its lead investor, the company has secured Neoclassic Capital, a Florida-based global investment firm. This partnership is expected to bolster DMM Crypto’s efforts to create a Web3 economic hub through its Seamoon Protocol.
As for the counterpart, Neoclassic Capital, DMM Crypto has also teamed up with Presto, a quantitative trading company. This partnership will improve the growth and distribution of financial products in the Web3 environment. It is about building a long-term environment for businesses and creators.
DMM Crypto is provided by DMM.com LLC, a company based in Tokyo, Japan. It was founded in January 2023 and focuses on developing Web3 projects, including, but not limited to, blockchain games and NFT. The new sphere of economy will be based on the Seamoon Protocol, which will attract different market participants.
DMM Crypto Aims to Bridge Entertainment and Web3
As the main funding source, Neoclassic Capital will also bring its international experience and contacts. This support is necessary to help continue the growth of DMM Crypto in Japan and abroad. This is further bolstered through the collaboration with Presto, as both firms have massive plans for growth within the Web3 financial space.
As can be seen, DMM Crypto is dedicated to developing the Web3 sector. It intends to leverage its specific resources and DMM’s large user base of 45.07 million to bridge the entertainment industry and Web3.
Comments from the strategic partners show enthusiasm for this partnership, as highlighted below. Steve Lee, Co-founder of Neoclassic Capital, stressed that DMM has a good image in the entertainment field and is ready to develop new ideas. He pointed out that DMM Crypto’s mission fully corresponds to the need to bring Web3 into the entertainment industry.
Michael Bucella another co-founder at Neoclassic, also echoed a similar sentiment regarding working with DMM Crypto. In particular, he noted that DMM can improve the development of IP capabilities in the Web3 industry.
Ian Lau, Head of Investment at Presto, also had similar views. He feels that DMM Crypto has a great market share in Japan that can work to its advantage. Presto is ready to help DMM Crypto achieve its goal of creating the Web3 future.
Overall, DMM Crypto’s partnerships mark a significant step towards establishing a robust Web3 economic hub, promising exciting developments in the near future.
