Announcement of Establishment of CA GameFi, Inc․ For Developing Blockchain Games in the Global Market

Announcement of Establishment of CA GameFi, Inc․ For Developing Blockchain Games in the Global Market press release

PRESS RELEASE.CA GameFi Inc., (headquartered in Shibuya-ku, Tokyo, Japan; Taro Yamamoto, Representative Director; hereafter CA GameFi), a subsidiary of CyberAgent Inc. (headquartered in Shibuya-ku, Tokyo, Japan; Makoto Fujita, Representative Director; listed on the TSE’s first section, Stock Code 4751; hereafter CyberAgent), now announces the establishment of the company to run blockchain game business on March 23th, 2022.

CA GamesFi was established to release blockchain games to the global market, including Asia and the United States, by leveraging CyberAgent’s strength accumulated through the development of its major game titles. The above-mentioned blockchain games include their titles and games whose IP are held by other companies.

Background and Purpose of Establishment

In recent years, GameFi has been attracting attention in the market. GameFi, a term coined by combining “Game” and “Finance”, refers to a game that integrates NFT and cryptocurrencies based on blockchain technology.

Unlike the traditional way of enjoying games just as entertainment, GameFi is designed to provide the entire ecosystem through characters and items whose originality and rarity are guaranteed by blockchain. These characters and objects have asset value and are sometimes traded in a large amount, especially in popular games.

Since there are already mega titles globally with more than one million active users and cumulative transaction amounts of hundreds of billions of dollars, GameFi is now recognized as a new growing market that distinguishes itself from the traditional game market.

CyberAgent has grown to one of the largest smartphone game companies by continuously producing a string of hits with multiple subsidiaries acquired through the recent large-scale development. CyberAgent will create blockchain games as a new business through CA GameFi by utilizing its know-how, creativity, operational capability and track records of development and operation of various IP-based games. CA GameFi will target users in English-speaking regions such as North America and Asia by providing its titles and different IP-based titles.

CA GameFi aims to create an ecosystem with sustained growth by providing high-quality games that gain worldwide recognition in the GameFi market.

AboutCA GameFi, Inc .

Company NameCA GameFi, Inc .

Address40-1 Udagawa-cho, Shibuya-ku, Tokyo

EstablishedMarch 23, 2022

RepresentativePresident and CEO Yamamoto Taro

BusinessBlockchain game development

Corporate websitehttps://www.cagamefi.co.jp

  Tags in this story GameFi

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Bitcoin.com Media

Bitcoin.com is the premier source for everything crypto-related. Contact ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. Nevada Man Pleads Guilty in $722 Million Fraudulent Cryptocurrency Scheme REGULATION | 9 seconds ago Report: Morocco Central Bank Discusses Crypto Regulation Best Practices With IMF and World Bank REGULATION | 3 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleReport: Morocco Central Bank Discusses Crypto Regulation Best Practices With IMF and World Bank Next articleNevada Man Pleads Guilty in $722 Million Fraudulent Cryptocurrency Scheme More Popular NewsIn Case You Missed ItBinance Explores Acquisition of Brazilian Securities Brokerage Firm

Leading cryptocurrency exchange Binance is showing its intention of expanding its activities to Brazil. The company announced that it has signed a memorandum of understanding with a regulated securities brokerage firm in Brazil, with the intention of acquiring it. The ... read more.BNDES Director Offers New Insights on Development of Brazilian Blockchain Network RBI Crypto: Indian Government Says Central Bank Has No Plan to Issue Cryptocurrency Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official ASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program