DMM Crypto, the blockchain gaming and NFT division of Japanese cryptocurrency exchange operator DMM, will shut down its Seamoon Protocol. The company announced that no new services will be added to the ecosystem, and future arrangements for existing services on the platform are under discussion.
The Seamoon Protocol is supported by the SMP token in the DM2 Verse on the Oasys L2 blockchain. The Seamoon portal is a Web3 gaming and content site featuring games and anime produced by the Japanese e-commerce and internet group DMM.com.
In August, DMM Crypto partnered with the stablecoin platform Progmat to issue its own stablecoin for use alongside fiat currency and credit cards to enhance the financial prospects of the ecosystem. However, according to a statement from DMM Crypto published by Japanese financial blogger Norbert Gehrke: 'Due to the rapid changes in the recent business environment posing challenges to the sustainability of the project, DMM Crypto has decided to terminate the project early.'
The Kanpani Girl Re:Bloom game premiered in October and is the first of five games planned to operate under this protocol. Due to budget cuts, the game will cease operations before January 31, 2025. (Cointelegraph)