FUNTASM ENTERTAINMENT

Funtasm Entertainment Inc., established in 2023, is a blockchain game development studio operating in the burgeoning GameFi market. The company, founded by Co-Founder and CEO Kensaku Nakata, recently secured approximately 150 million JPY in an angel funding round to fuel the global expansion of its flagship product. This initial capital injection, raised through a Simple Agreement for Future Tokens (SAFT) and convertible bonds, involved participation from corporate venture capitalists, CryptoGames Inc., and individual investors. The firm's mission is to create a society where entertainment and technology enable the pursuit of both financial goals and dreams.

The company's primary offering is 'BOUNTY HUNTERS', a blockchain-based game that merges the mechanics of online crane games with player-versus-player competition. Users operate real crane machines remotely via their smartphones, viewing live camera footage to capture digital prizes, including tokens and Non-Fungible Tokens (NFTs). These digital assets can be managed and monetized within an in-app wallet, creating a play-to-earn ecosystem. The business model targets a mass audience, including those new to blockchain gaming, by leveraging the century-old, widely recognized appeal of crane games. The game integrates a contract wallet to simplify access through social media logins and enhances user experience with gamification and social elements.

'BOUNTY HUNTERS' distinguishes itself by combining two significant growth markets: mobile gaming and physical crane games. The platform facilitates a turn-based, 1-on-1 battle system where players can use strategy and skill. Digital prizes acquired in the game, developed in collaboration with various intellectual property holders from the NFT, game, and anime sectors, come with utilities that enhance gameplay and earning potential. Funtasm Entertainment plans for the public launch of 'BOUNTY HUNTERS' and the issuance and exchange listing of its proprietary 'BTH TOKEN' in the fourth quarter of 2024.

Keywords: Funtasm Entertainment, Bounty Hunters, blockchain game, GameFi, play-to-earn, online crane game, NFT, digital prizes, Kensaku Nakata, BTH TOKEN, mobile gaming, crypto gaming, web3, tokenization, SAFT, remote operation games, skill-based gaming, digital asset monetization, player-versus-player, game development studio