Failing fast: Seamoon Protocol discontinued
DMM Crypto has decided to discontinue the economic zone initiative “Seamoon Protocol” that was launched in 2023. DMM Crypto would like to…
DMM Crypto has decided to discontinue the economic zone initiative “Seamoon Protocol” that was launched in 2023. DMM Crypto would like to express their deepest gratitude to all the business partners who have provided tremendous support and to everyone who has shown warm encouragement and expectations for this project, and they sincerely apologize for having to make this announcement.
DMM Crypto was established in January 2023 to develop the DMM Group’s web3 business, and in June of the same year, launched the economic zone concept “Seamoon Protocol” utilizing its own token.
Subsequently, with an eye toward issuing their own tokens and global expansion, DMM Crypto expanded strategic partnerships and began sequentially providing services and platform functions in the entertainment sector, centered on blockchain games.
However, due to recent rapid changes in the business environment that have created challenges for the project’s sustainability, DMM Crypto decided to terminate the project early.
The specific measures to be implemented following the discontinuation of this project are as follows:
- Discontinuation of the proprietary token $SMP issuance
- Suspension of new service applications for the SMP Platform
- Phased termination of “Kanpani☆Girls RE:BLOOM” service
DMM Crypto is still considering future policies regarding other services, functions, and partnerships related to this project. Once decisions are made, they will be announced on each project’s homepage and social media channels.
SMP Token and Seamoon Protocol General
DMM Crypto plans to provide separate guidance to relevant parties and community members who cooperated with the SMP token issuance. Details will be communicated individually or through official social media channels, so DMM Crypto is asking for patience.
SMP Platform Services
New service applications for the SMP Platform will be suspended as of this announcement. For services currently using or planning to use the Platform, DMM Crypto is discussing and considering individual policies, which will be communicated with official announcements in the future.
Kanpani☆Girls RE:BLOOM
DMM Crypto has decided to terminate the “Kanpani☆Girls RE:BLOOM” service. Details regarding refunds for purchased Shinestones (unused balance) and compensation for items will be announced later through in-game notices, the official website, and official social media channels.
Please follow us to read more about Finance & FinTech in Japan, like hundreds of readers do every day. We invite you to also register for our short weekly digest, the “Japan FinTech Observer”, on Medium, on LinkedIn, or on Substack.
We also provide a daily short-form Japan FinTech Observer news podcast, available via its Podcast Page. Our global Finance & FinTech Podcast, “eXponential Finance” is available through its own LinkedIn newsletter, or via its Podcast Page.
Should you live in Tokyo, or just pass through, please also join our meetup. In any case, our YouTube channel and LinkedIn page are there for you as well.