gumi Inc. today announced an agreement to receive equity and new shares of double from DLE Inc., its parent company. Additionally, two board directors

gumi Inc. Enters into Agreement of Equity and Allocation of New Shares in Blockchain Game Developer Double Jump.Tokyo

Cryptocurrency Blockchain Video Games

gumi Inc. today announced an agreement to receive equity and new shares of double from DLE Inc.,. its parent company. Additionally, two board directors fromf double will join gumi Inc.’s board as it makes a capital business alliance contract with double jump.

Founded in 2007, gumi Inc. set out to become the world's No.1 entertainment company in the information revolution through offering new amusements and richness in everyday life. gumi Inc. has focused on increasing its earning capacity of mobile online game business, which is its current main revenue source, and expanding its business by entering in early stage VR/AR businesses, blockchain businesses and other new businesses.

For its blockchain business, gumi aims to make strategic alliances with companies offering new technologies inside and outside of Japan, mainly by capital injection via gumi Cryptos to obtain future income sources. As a more aggressive step in the blockchain industry, gumi formed a capital business alliance to receive equity and new shares in double 

double is developing the blockchain game My Crypto Heroes, which went into its pre-sale period on September 21, 2018. In its first 24 hours, the game achieved the number one ranking for the quantity of Ethereum transactions in Decentralized Applications Game (DApps game), which includes games on distributed application, and live on blockchain platform. During the first ten days of the pre-sale period, the game recorded 694ETH (about USD $160,000) in transactions*1. Also, after the launch of My Cryptos Heroes on November 30, 2018, in DApps game, it achieved number one in first day daily active users (DAU) and in the quantity of Ethereum transactions, taking the lead in the blockchain gaming industry. Partnering with gumi Inc. is the natural next step in double’s growth as they look to expand globally and break new ground in the blockchain industry.

Hironao Kunimitsu, Founder and CEO of gumi Inc., said: “We’ve been impressed by the quality and the momentum of interest in My Crypto Heroes, we believe that through this succession of equity, allocation of new shares and capital involved in our business alliance, we can offer global marketing know-how to double, and both of our companies can develop new successful blockchain properties by utilizing our intellectual properties, and accelerating business development in the blockchain business.”

double’s parent company DLE has also created many dominant intellectual properties, such as Secret Society Takanotsume, through marketing strategies, planning and development of smartphone apps and the creation of properties across movies, television and web media. Both gumi Inc. and DLE expect to share synergies through this initial alliance, and will further pursue other alliances, such as with its Vtuber business and more.

*1  Calculated based on the final price (1 Ethereum = 26,188 JPY) as at September 30, 2018.

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