BLOCKSMITH&Co
Web3 GameFi and "Quiz to Earn" applications.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
* | N/A | Seed | |
| Total Funding | 000k | ||
BLOCKSMITH&Co. is a Tokyo-based company specializing in Web3, GameFi, and blockchain-related business. Established in April 2022 as a subsidiary of KLab Inc., a mobile content and game developer, BLOCKSMITH&Co. is led by CEO Tetsuya Sanada. Sanada is a serial entrepreneur who founded KLab Inc. and has a deep history in Japan's mobile internet sector, having contributed to the initial design of i-mode and founded the mobile media company CYBIRD.
The company focuses on creating sustainable token economic models to solve common issues in the play-to-earn market, such as the need for high blockchain literacy and the reliance on rising token prices. Its business model involves the development and distribution of products utilizing blockchain technology, NFTs, and crypto assets. A key strategy is designing schemes compatible with existing legal and accounting systems in major markets like Japan and the United States to allow for standard advertising and full-scale expansion. The company has received multiple rounds of angel funding from investors including MZ Web3 Fund, SBI Group, Headline Asia, and NTT DOCOMO Ventures to support product development and R&D.
BLOCKSMITH's portfolio includes the blockchain game "CAPTAIN TSUBASA -RIVALS-", which was provided to Mint Town Co., Ltd. in January 2023. The company is also developing its own user-generated content platforms, most notably "QAQA," a vertical short video "Quiz to Earn" application. In QAQA, users can create and answer quizzes to earn "Chips," which can be exchanged for crypto assets ("BLQS"), gift cards, or other rewards. This model integrates an advertising business where companies must purchase BLQS to place ads, creating a demand cycle for the token. Further extending its technological reach, the company established the "BLOCKSMITH AI Lab" in April 2023 to combine generative AI with Web3, aiming to create new revenue opportunities and user-friendly applications like an AI Quiz Generator for QAQA.
Keywords: Web3, GameFi, Quiz to Earn, Learn to Earn, blockchain games, token economics, NFT, mobile gaming, user-generated content, sustainable crypto, Tetsuya Sanada, KLab Inc., QAQA, CAPTAIN TSUBASA -RIVALS-, generative AI, AI Lab, facial recognition wallet, BLQS, crypto assets