Web3 entertainment company YOAKE Entertainment has completed approximately $1.25 million in financing

According to Kepple, Web3 entertainment company YOAKE Entertainment announced that it has raised 180 million yen (approximately $1.25 million) through private token sales and convertible corporate bonds. This round of financing is led by Next Web Capital as the lead underwriter, with participating parties including Bitbank Ventures, Credit Scend, Bo Bao Tang KEY3, Taisu Ventures, X2Y2, and others. The financing funds will be used for the development of next-generation entertainment platforms, global IP content production, and more. It is reported that YOAKE was founded in February 2024, consisting of Twin Planet, Asobi System, W TOKYO, Y& N Brothers and other companies jointly invested in the establishment. The board members include renowned producer Yasushi Akimoto and Astar Network founder Shota Watanabe. YOAKE focuses on blockchain based entertainment IP and recently announced the official NFT series for the popular Japanese anime "Seven Deadly Sins", using the blockchain "Soneium" jointly developed by Sony Group and Starter Group.