More and more companies are paying attention to cryptocurrency. One wouldn’t necessarily expect a firm such as Gumi to take interest in these markets, though. The mobile game developer is launching a $30m global blockchain investment fund. Known as Gumi Cryptos, the arm will invest in cryptocurrency and blockchain firms alike.
Gumi has become a household name in Japan. The firm is best known for its mobile games. Titles include Brave Frontier, which is the biggest success to date. Even so, the developer wants to keep tabs on innovative markets and technologies. As such, the company follows the global trend is investing in cryptocurrency and blockchain firms.
A Bold Move by Gumi
To do so, the company has created a $30m fund dubbed Gumi Cryptos. The goal is to invest in DLT and crypto startups. Which regions will be targeted specifically during the initial phases, remains unclear. The venture is led by Hironao Kunimitsu and Miko Matsumura. This latter individual is the founder of Evercoin, which is based in the US.
Miko Matsumura comments on Gumi Cryptos as follows:
“We’ll be bringing startups from outside of Japan to the Japanese market. We like early stage. We invest in equity or tokens. Plus, we like financial services. We like game technologies, and we believe there is a strong connection between gaming and crypto.”
So far, the investment fund has already contributed to four different projects. This list includes Basis, Robot Cache, Pryze, and Origin Protocol. Targeting a mix of blockchain and cryptocurrency firms seems to be the smart approach at this stage. Both industries are firing on all cylinders, especially in Asia.
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