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Homepage / News May 31, 2018 75 views

Japanese Mobile Game Developer Gumi Launches $30m Crypto and Blockchain Investment Fund

Japanese Mobile Game Developer Gumi Launches $30m Crypto and Blockchain Investment Fund

Much more and far more firms are paying interest to cryptocurrency. 1 wouldn&#8217t necessarily expect a firm such as Gumi to take interest in these markets, though. The mobile game developer is launching a $30m international blockchain investment fund. Identified as Gumi Cryptos, the arm will invest in cryptocurrency and blockchain firms alike.

Gumi has turn out to be a household name in Japan. The firm is ideal identified for its mobile games. Titles consist of Brave Frontier, which is the most significant accomplishment to date. Even so, the developer desires to keep tabs on revolutionary markets and technologies. As such, the firm follows the international trend is investing in cryptocurrency and blockchain firms.

A Bold Move by Gumi

To do so, the firm has created a $30m fund dubbed Gumi Cryptos. The purpose is to invest in DLT and crypto startups. Which regions will be targeted particularly 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 primarily based in the US.

Miko Matsumura comments on Gumi Cryptos as follows:

&#8220We&rsquoll be bringing startups from outdoors of Japan to the Japanese market place. &nbspWe like early stage. We invest in equity or tokens. Plus, we like financial solutions. We like game technologies, and we believe there is a powerful connection between gaming and crypto.&rdquo

So far, the investment fund has already contributed to four different projects. This list contains Basis, Robot Cache, Pryze, and Origin Protocol. Targeting a mix of blockchain and cryptocurrency firms appears to be the intelligent approach at this stage. Both industries are firing on all cylinders, specifically in Asia.

Header image courtesy of Shutterstock

Tags: Gumi, Investing, startups

Published at Wed, 30 Might 2018 19:00:20 +0000