BLOCKSMITH&Co. (Head office: Minato-ku, Tokyo; CEO: Tetsuya Sanada; hereinafter "BLOCKSMITH") is pleased to announce that it has raised funds from MZ Web3 Fund, SAKURA UNITED PLATFORM and others through the issue of SAFE-type share options as part of an Angel Round (2nd close and ongoing).
■ Background
Until now, the parent company KLab Inc. and its founder and president, Tetsuya Sanada, have owned 100% of the company's capital, but this angel round marks the first time that capital has come from outside the company. BLOCKSMITH aims to list its shares, which is unusual for a web3-related company, and the funding is part of the company's efforts to strengthen its capital structure and finances in preparation for a listing.
Funds raised are used for product development, research and development, etc.
BLOCKSMITH has a proven track record of blockchain-related development and operations, including the provision of CAPTAIN TSUBASA -RIVALS- to Thirdverse Group (now Mint Town Co., Ltd) in January 2023. In addition to the development of blockchain games, the company is also focusing on the development of related technologies, including the establishment of AI Lab in April 2023 and the announcement of a business partnership on the Facial Recognition Web3 Wallet in September 2023.
■ Partners Companies
MZ Web3 Fund,
SAKURA UNITED PLATFORM
and others
(Reference) Companies participating in 1st close:
SBI Group,
Headline Asia,
Governance Partner,
J-CAM Corporation,
and others
■ Comments
MZ Web3 fund General Partner, Mr.Yuki Kaneyama
’BLOCKSMITH including its founder Mr.Sanada, has ample knowledge and experience in social games and is familiar with the gaming market. Their QAQA game is designed to be a sustainable tokenomics game by taking advantage of the learnings from the previous Web3 games, which were based on the excessive price increase of tokens. We believe that the game, which combines the business of advertising with a simple and never making you feel bored, can become a platform that attracts many users regardless of genre.’
SAKURA UNITED PLATFORM PTE.LTD., CEO Mr. Jn Shida
’We are delighted to have invested in the second round of BLOCKSMITH.
The company's attraction to its short video quiz service and strong expectations and trust in the development and distribution of the product were behind the decision to invest for us.
We hope that through this investment we can work with BLOCKSMITH to co-create an exciting future for web3.’
■ About QAQA
"QAQA" is a user-generated vertical short video quiz app where users can ask quizzes, accumulate "Chips" by continuously answering correctly, and exchange the accumulated "Chips" for the cryptocurrency "BLQS".
An alpha version is available for users to experience certain features such as quiz questions and answers. Various event functions to enhance the quiz experience, as well as the addition of NFTs, the cryptocurrency "BLQS," and a proprietary wallet, are planned to be gradually introduced.
We are also looking for more companies to join us in the future.
【Links】
- Service Website: https://www.qaqa.io/
- Alpha Version Application Form: https://www.qaqa.io/testerform
- LINE ：https://lin.ee/pGiHOyn
- X - former twitter (EN): https://twitter.com/qaqa_en
- X - former twitter (JP): https://twitter.com/qaqa_jp
- Discord: https://discord.gg/GgJvcHE3cf
About BLOCKSMITH&Co.
Company Name: BLOCKSMITH&Co.
President and CEO: Tetsuya Sanada
Establishment: April 1, 2022
Capital: 14,999,950 JPY
Head office: Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo, 106-6122
Business: Development and distribution of products such as blockchain technology and crypto assets utilising NFTs
URL：https://www.blocksmithand.co.jp/en/
【SNS】