The companies plan to begin pilot operations in early 2024, aiming to resolve issues faced by infrastructure companies.
SINGAPORE, July 25, 2023 — Digital Entertainment Asset Pte. Ltd., a Singapore-based global GameFi company and owner of the PlayMining gaming platform, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with TEPCO Power Grid, Inc. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Yoshinori Kaneko, hereinafter referred to as, “TEPCO PG”) and Greenway Grid Global Pte. Ltd. (Head Office: Singapore; President & CEO: Kazuhiko Shiba; hereinafter “GGG”) to explore the leveraging of “electric power assets”*1 for interactive content that contributes to society.
Prior to this announcement, DEA and GGG signed an MOU in March 2023. With TEPCO PG as a new partner, the three companies will collaborate to develop solutions to pressing issues by combining Web 3.0 technologies with the aim of realizing a sustainable society. The new content to be developed is based on the concept of “creating a sustainable future together” and is aimed at solving issues faced by infrastructure companies through GameFi.
The content will consist of enjoyable games that actually aid with the maintenance of local infrastructure facilities, such as by detecting abnormalities before problems manifest, etc., thereby contributing to society. Additionally, mechanisms that leverage power asset NFTs*2 to enhance the gaming experience, such as enabling players to earn tokens based on gameplay, will also be considered.
GGG views the global expansion of Web3.0 as an opportunity and will continue to manufacture and produce power asset NFTs while exploring mechanisms for creating added value by leveraging electric power asset NFTs.
DEA aims to enable anybody to enjoy Web3 entertainment while simultaneously contributing to a sustainable society through Play to Earn (P2E), and is leading game development efforts toward that goal.
TEPCO PG aims to create new methods for leveraging electric power assets in partnership with collaborators, thereby delivering unique value through close-to-home electric power assets and enhancing the efficiency of facility maintenance.
Going forward, the three companies will continue detailed discussions as they aim to commence trial operations in Japan by the beginning of 2024.
*1 Electric power assets refer to the facilities owned by TEPCO PG, such as utility poles and transmission towers.
*2 Electric power asset images digitized using NFT technology.
Sales of “Electric Power Asset NFTs” (Transmission Tower NFT Cards, Utility Pole NFT Cards) (March 31, 2023)
■About TEPCO Power Grid, Inc
TEPCO Power Grid, Inc is a power transmission and distribution company that utilizes its power transmission and distribution network to supply electricity and other services in the Tokyo metropolitan area, the center of Japan’s economy and industry.
Representative：Yoshinori Kaneko, President
Head Office ：1-3 Uchisaiwai-cho 1-chome, Chiyoda-ku, Tokyo 100-8560, Japan
Established ：April 1, 2015
Major Business Operations：General power transmission and distribution, real estate rental, and power generation on remote islands
■About Greenway Grid Global
GGG is a joint venture established in Singapore by Tokyo Electric Power Grid Co., Ltd., Chubu Electric Power Co., Inc., and ICMG Partners Pte Ltd. The company aims to make the world a happier place by combining investment in next-generation infrastructure and new technology, the development of new businesses, and leadership development programs.
■About Digital Entertainment Asset
Digital Entertainment Asset Pte. Ltd. (DEA) is a Singapore-based global Web3 entertainment company founded in August 2018. DEA is a developer of Play to Earn (P2E) games, also referred to as Play and Earn (P&E) games. DEA operates the PlayMining gaming platform, NFT marketplace and Verse metaverse project, as well as DEAPcoin ($DEP), the first P&E token approved by the Financial Service Agency of Japan. The team is headed by two co-CEOs — Naohito Yoshida and Kozo Yamada — who together bring decades of experience in founding successful startups (with 3 IPOs), creating hit video games, producing Web TV programs and displaying a deep understanding of game finance.
PlayMining is a GameFi platform with a total of six P&E game titles. Everyone can easily participate and earn DEAPcoin ($DEP) cryptocurrency through games, regardless of their knowledge of Web3. The platform currently boasts approximately 2.7 million members worldwide, and continues to expand its content and user base based on the concept of “creating a social ecosystem that enables individuals to enjoy their lives while experiencing joy and fulfillment”.
DEA Website: https://dea.sg
PlayMining Website: https://playmining.com
PlayMining Discord: https://discord.com/invite/xWeHGdt
PlayMining Twitter: https://twitter.com/PlayMining_SG
PlayMining Facebook: https://www.facebook.com/PlayMining/
PlayMining Medium: https://medium.com/playmining-game
PlayMining Youtube: https://www.youtube.com/channel/UCGWmK0RLV4SB_PSXpj2j6dw