Japanese crypto exchange DMM's blockchain gaming company to shut down Seamoon Protocol

Odaily News 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 the future arrangements for existing services on the platform are under discussion. Seamoon Protocol is powered by the SMP token in DM2 Verse on the Oasys L2 blockchain. The Seamoon portal is a Web3 game and content website that features games and anime produced by Japanese e-commerce and internet group DMM.com. In August, DMM Crypto partnered with stablecoin platform Progmat to issue its own stablecoin to be used alongside fiat currencies and credit cards to enhance the financial prospects of the ecosystem. However, according to a DMM Crypto statement published by Japanese financial blogger Norbert Gehrke: "Due to the challenges posed to the sustainability of the project by the recent rapid changes in the business environment, DMM Crypto has decided to terminate the project ahead of schedule." The Kanpani Girl Re:Bloom game, which debuted in October and is the first of five games planned to operate under the protocol, will cease operations by January 31, 2025 due to spending cuts. (Cointelegraph)