PANews, April 28 - According to Kepple, the Web3 entertainment company YOAKE entertainment announced the completion of a funding round of 180 million yen (approximately 1.25 million USD) through private token sales and convertible corporate bonds. This round of financing was led by Next Web Capital, with participation from Bitbank Ventures, Credit Scend, Hakuhodo KEY3, Taisu Ventures, X2Y2, among others. The funds will be used for the development of the next-generation entertainment platform and global IP content creation.
According to reports, YOAKE was established in February 2024, funded by multiple companies including Twin Planet, Asobi System, W TOKYO, and Y&N Brothers. The board members include renowned producer Yasushi Akimoto and Astar Network founder Kenta Watanabe. YOAKE focuses on the blockchainization of entertainment IP and recently announced the launch of an official NFT series for Japan's popular anime (The Seven Deadly Sins), utilizing the blockchain 'Soneium' co-developed by Sony Group and Startale Group.
