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DMM Crypto, a company established by DMM.com LLC, has shared that Neoclassic Capital, an investment company located in Florida, will be its leading investor. This strategic partnership is expected to support DMM Crypto’s attempt to build a stable Web3 economic ecosystem via the Seamoon Protocol.
This partnership also incorporates another partner, Presto, a quantitative trading company, to facilitate the development and implementation of the Seamoon Protocol.
Leading with Neoclassic Capital as the lead investor is anticipated to bring funding, a wealth of experience, and an international connection that can help advance DMM Crypto’s efforts. This proficiency in investment strategy shall increase the capabilities and impact of DMM Crypto’s offering in an advancing cryptocurrency market.
DMM Crypto plans to use the Seamoon Protocol to create a dedicated economic center for Web3 companies and content producers. Using the vast intellectual property (IP) assets of DMM Group, the exchange aims to link the entertainment industry to the growing Web3 space. This is expected to attract a pool of users and creators and provide an active market for digital goods and services.
Steve Lee, the co-founder and Managing Partner of Neoclassic Capital, is confident about DMM’s entrepreneurial attitude and innovative ideas. With DMM’s extensive user base 45.07 million, the partnership aims to create a strong link between the entertainment market and Web3, presenting new opportunities for creators and developers. Neoclassic Capital’s involvement is seen as a catalyst for enhancing DMM Crypto's capabilities in navigating the complexities of the Web3 environment.
DMM Crypto plans to launch its blockchain, DM2 Verse, which will operate on the Oasys Layer2 platform. This development aligns with the exchange's vision of expanding its technological infrastructure to serve its users better. The introduction of DM2 Verse is expected to facilitate the integration of various blockchain games and applications, reinforcing DMM Crypto's commitment to innovation in the cryptocurrency sector.
In addition to the blockchain launch, DMM Crypto is set to issue its token, Seamoon Protocol (SMP). The token within the Seamoon ecosystem will grant different services and rewards to users on the platform. This exchange's strategy shows that it is keen on playing an active role in the current landscape of rival cryptocurrency exchanges and blockchain solutions.
