MEMORY Inc. to entry into the blockchain market
start developing games using blockchain technology!

2018/07/19

IGNIS LTD. (Head office: Shibuya-ku, Tokyo; CEO: Qian Kun; hereinafter “IGNIS”) announces that our investee MEMORY Inc. (Head office: Seoul, Republic of Korea; CEO: Hiroyasu Mikoshi; hereinafter “MEMORY”) has decided to start developing games using blockchain technology.

1.Purpose of the project
In recent years, virtual currencies utilizing blockchain technology (distributed ledger technology) have emerged, and its types and number of owners have increased over the past several years. This blockchain technology is expected to be used in a variety of fields as next-generation information and communication technology, and its social impact is growing.
MEMORY develops and operates game apps for smartphones, such as “LINE Daifugo *1” , “BATTLE CATS RANGERS”, a spin-off game of “THE BATTLE CATS*2”, and “Hello Kitty Disco Pop*4”, an instant game on Facebook featuring Sanrioʼs characters*3.
In the field of online games as well, games utilizing this technology are beginning to appear. MEMORY focuses on the growth potential of blockchain technology, and will develop and operate blockchain games with utilizing the know-how accumulated in the development and operation of game apps for smartphones.

*1: “LINE Daifugo” is a smartphone game provided on LINE GAME with the permission of LINE Co., Ltd.
*2: “THE BATTLE CATS” is a popular smartphone game offered by PONOS Corp.
*3: The most popular characters provided by Sanrio Company., Ltd.
*4: “Hello Kitty Disco Pop” is a HTML5 game offered in Facebook’s Messenger and news feeds with the permission of Facebook, Inc.

2.Outline of the new project
MEMORY will develop and operate blockchain games for smartphones.
Details of game contents and mechanisms will be notified in accordance with the progress of development.

3.Schedule
Launch date: Scheduled to launch in 2018

4.Company responsible for the project
MEMORY Inc.

5.Funds necessary for the commencement of the project
In developing the project, MEMORY received equity participation from two Korean companies: Dunamu & Partners Inc., an investment company of Dunamu Inc., which operates the virtual currency exchange “UPbit”, and NEPTUNE Corp., which develops games such as “LINE Puzzle Titan” and actively invests in other game companies, and we will proceed with the development of the project.

(1)Outline of capital participants

Company name Dunamu & Partners Inc.
Representative Lee Kangjoon
Head office Seoul, Republic of Korea
Founded March 2018
Business details Investments and acquisitions
Company name NEPTUNE Corp.(KOSDAQ 217270)
Representative Jeong Wook
Head office Seongnam, Gyeonggi Province, Republic of Korea
Founded January 2012
Business details Development and supply of game software
URL http://neptunegames.co.kr/

(2)Amount and use of funds procured through capital participation
We intend to procure 1 billion won (approximately 100 million yen) from the above two Korean companies and allocate it to research and development expenses for the blockchain game.

4.Future Outlook
Although we believes that the impact on its consolidated business results for the fiscal year under review and the future will be negligible, we aim to accumulate know-how for the expansion of the Group’s business over the medium to long term.

Outline of MEMORY Inc.
memory_icon Company name MEMORY Inc.
Representative Chief Executive Officer, Hiroyasu Mikoshi
Head office Seoul, Republic of Korea
Founded June 5, 2015
Business details Development and supply of mobile game contents
URL https://www.memory-inc.com/jp

    IR News Mail Delivery Service