Kyuzan raises 260 million yen from Z Venture Capital / ANRI ｜ Kyuzan press release

Strengthen the development system of EGGRYPTO and Mint in the rapidly growing NFT market

Kyuzan

Kyuzan Co., Ltd. (Headquarters: Bunkyo-ku, Tokyo, Representative Director: Takumi Takahashi) announces that it has raised a total of 260 million yen in a series A round. From this round, Z Venture Capital and ANRI are newly underwritten.

Kyuzan raises 260 million yen from Z Venture Capital / ANRI

■ Background of financing Since our founding in April 2018, we have been developing services and technological bases that utilize blockchain and NFT. The NFT game "EGGRYPTO" jointly developed with GameWith Co., Ltd. was launched in April 2020 as the world's first mobile native NFT game, making it easy for anyone to start using the app. It has been accepted and has grown into an NFT game that boasts the largest number of users in Japan. MAU has grown rapidly to 5 times in one year, and the ratio of overseas users is higher than that of Japan in the ratio of recent new users. In addition, the NFT development platform "Mint", which started service in April 2021, provides tools that allow brands, creators, and content holders to directly issue and sell NFTs to users, resulting in speedy NFTs. We support the introduction and business start-up. We are already supporting the construction of NFT platforms for top domestic brands and creators, including Rhizomatiks, Perfume, and fragment design. The NFT market has grown rapidly in the past few months, with monthly trading volume of "OpenSea", the world's largest NFT marketplace, exceeding 300 billion yen for transactions on Ethereum alone (Dune Analytics). While the advent of the marketplace has made it possible for individual users to sell NFTs, there are still many challenges for companies such as brands and content holders to start selling NFTs and developing their own platforms. Mint provided by our company provides brands and content holders with the construction of smart contracts for their own NFTs, the construction of storefronts necessary for NFT sales, and the payment mechanism. In this way, we have helped businesses to promote the use of NFTs with peace of mind and speed. Furthermore, there are few NFT services in Japan compared to the rest of the world, and there are very few businesses that design NFT services from scratch and provide the foundation of NFT services that are actually growing. We have developed our own NFT service from scratch, and since we are developing Mint by utilizing the technology and knowledge that has provided the service that boasts the largest number of users in Japan, we are developing not only high-performance tools but also service design. Our strength is that we can support the launch of NFT business, including legal aspects. The funds raised this time will be invested in product development and recruitment for the growth of EGGRYPTO and Mint. EGGRYPTO will continue to develop and market Play-to-Earn game modes with the aim of becoming a globally fast-growing NFT game. Mint will strengthen the platform function development and introduction support system in order to strengthen the NFT introduction support for brands and content holder companies. Through this, we aim to be an NFT issuing platform that can be used globally, including in Japan. ■ Comments from Investors Masaki Yuda (Z Venture Capital Investment Manager) Blockchain and NFT are markets with great potential to visualize and distribute the value of digital assets and create new economic zones. Although the market has rapidly gained attention in recent years, Kyuzan is committed to developing high-quality products and excellent user experiences, and is leading the industry through dialogue with Mr. Takahashi and the reaction of users. I was convinced that it would be a company that would continue to grow, so I made an investment. Let's create the future together! Torayoshi Miyako (COO / Partner of Z Venture Capital) is convinced that Kyuzan is a company that will bring a new twist to the distribution area of digital contents centered on blockchain and NFT. We are one of the first to develop services that will play an important role in the future Internet economic zone that we envision, and we believe that this is a very promising company, so we have invested this time. I am very excited to be able to challenge the team with high technology and grand vision led by Mr. Takahashi! Junsuke Nakaji (ANRI Principal) In the market where rapid growth and crustal movements are occurring called NFT, we operate a platform called Blockchain game (EGGRYPTO) that makes it easy to operate NFT services from 0 to Mint, which is an entry angle and looking ahead. We invested in Kyuzan because we thought it could be a company that could compete in the world. In this era of revolutionary value, NFT technology is drawing a lot of attention, and I hope that Kyuzan will rediscover the value of Japan's proud brand, content holder, and content power and grow. We are doing it! We are hiring acclaim, so let's work together on this turning point! !! ■ Overview of new investors from this round Z Venture Capital Japan's largest corporate venture capital investing in Japan and global investment in South Korea, the United States, China, Southeast Asia, etc. YJ Capital Co., Ltd., which was established in August 2012, merged with LINE Venture Co., Ltd. in April 2021 and changed its name to Z Venture Capital Co., Ltd. ANRI Independent venture capital that supports the business realization of start-up entrepreneurs in a wide range of technology fields such as the Internet field, deep tech and life science from the seed period under the vision of "Let's create the future, overwhelming future" .. ■ Kyuzan Employment Information Kyuzan is a startup that supports creation on the new Internet and promotes culture by providing tools that anyone can easily handle blockchain and NFT technology. In addition to tools, we are developing services that provide users with new experiences made possible by our own blockchain technology. Kyuzan is a small team of 5 or less, mainly engineers and designers, but is developing the largest NFT game in Japan, EGGRYPTO, and Mint, which supports the introduction of NFT, the top brand in Japan. In the future, in order to empower Japan's world-class content and creative power with NFT and blockchain technology and aim for a global NFT platform, we will strengthen recruitment in a wide range of positions such as engineers, designers, product managers, business development, and game designers. doing. We are looking for a pioneer (pathfinder) who sympathizes with the future of the Internet that will change due to blockchain and will open up that future on our own. If you are interested in it, please use the link below to apply. Kyuzan recruitment page: https://herp.careers/v1/kyuzan ■ About Kyuzan Co., Ltd. Kyuzan Co., Ltd. is a blockchain startup that develops NFT services and blockchain development infrastructure. The world's easiest-to-play blockchain game "EGGRYPTO", which is jointly developed with GameWith Co., Ltd., boasts the largest number of active users in the world. We have started offering the NFT platform "Mint" that makes it easy to build his original NFT shop that can express the world view of his own brand. Company Profile Company Name: Kyuzan Co., Ltd. Location: 2-24-12 Shibuya, Shibuya-ku, Tokyo 150-6139 WeWork Representative: Takumi Takahashi Established: April 4, 2018 URL: https://kyuzan.com/ Business description : Planning, development and operation of blockchain service * The following is special information limited to media personnel. Please refrain from disclosing information on personal SNS etc.

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