Press Release
PRICE 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. This includes the titles of these blockchain games and any IP that is held by another company.
Background and purposes of the Establishment
GameFi has attracted a lot of attention over the years. GameFi, a term coined by combining “Game” and “Finance”, refers to a game that integrates NFT and cryptocurrencies based on blockchain technology.
GameFi, unlike traditional entertainment games, is designed to bring the whole ecosystem together through unique characters and rare items that are protected by blockchain. The assets of these characters and objects can sometimes be traded for large amounts, especially when they are part of popular games.
GameFi, which has mega titles worldwide and has accumulated transaction amounts exceeding hundreds of billions of dollar, is now recognized as a growing market.
CyberAgent, one of the world’s largest mobile game companies has been able to produce a steady stream of hits thanks to multiple subsidiaries created through large-scale developments. CyberAgent will launch blockchain-based businesses through CA GameFi. Its operational capacity, creativeness, and track record in the development and operation IP-based gaming products will all be used by CyberAgent. CA GameFi targets English-speaking countries such as North America, Asia and Europe by offering its titles and other IP-based titles.
CA GameFi is committed to creating an environment that fosters sustainable growth. We provide high-quality games with worldwide recognition on the GameFi platform.
About CA GameFi, Inc.
Name of company CA GameFi, Inc.
Address 40-1 Udagawa-cho, Shibuya-ku, Tokyo
Established March 23, 2022
Representative Yamamoto Taro is President and Chief Executive Officer
Businesses Blockchain game development
Website for corporate clients https://www.cagamefi.co.jp
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