Ltd., which operates the " Yu-Yu-Tei " site for the purchase and sale of competitive trading card games, and SCARA Communications Corporation, which operates the " Fresh Eye " portal site. The SCARA Group is engaged in a variety of businesses. Scala Partners Corporation, which provides one-stop solutions for "value creation management" and "AI/IoT consulting," has launched the UPBOND Wallet" a wallet service using blockchain technology. a one-stop solution provider for "AI/IoT consulting", announced today that it has invested in UPBOND Co.
SCARA Partners Invests in UPBOND Inc.
Since its establishment in 1991, SCARA Corporation has continued to grow through a unique stock business model based on IT/AI/IoT/DX, new business development, and financing. In August 2019, as part of our mid-term management plan...
- Value Creation Management Support Business Domain
- IT/AI/IoT-related business domain
- Social Problem Solving Business Domain
In August 2019, UPBOND announced its mid-term management plan, which aims to become a "value co-creation company that solves social problems through business together with clients" by establishing three business domains: IT/AI/IoT-related business domain, social problem-solving business domain, and IT/AI/IoT-related business domain.
UPBOND Inc.
UPBOND Inc. is promoting the use of Web3 in various industries under the theme of "social implementation of Web3 technology," and is also developing the "UPBOND Wallet. The "UPBOND Wallet" is a Wallet product that solves the unique problem of Web3, which is that companies cannot obtain personal information due to its high degree of anonymity.
Objectives and Prospects of the Investment
The SCARA Group has been focusing on the sports business, which is closely connected to local governments, schools, and local economies, as one of the business areas in its medium-term management plan, as a way to solve social problems. In March 2022, SCARA made Broncos 20, Inc., which operates the Saitama Broncos professional basketball team, a subsidiary, and has been accelerating its sports business DX business. In particular, the company has focused on the huge market for NFT services that utilize sports IP in Europe and the United States, and will further promote the development of Web3 business, including NFT-related services that utilize blockchain technology.
As a kickoff to this investment made as part of the project, SCARA Partners, Inc. has appointed UPBOND, Inc. as its development partner. NFT service that enables participation in the management of sports teams based on the concept of "support and earn with plans to release the product in the near future. In addition, the company has announced that it is currently planning and promoting a fantasy sports business that utilizes NFT, and will further promote the implementation of Web3 technology in society.
With regard to the investment of SCARA Partners, Inc. held by UPBOND, Inc. ...
- Web3 compatible Wallet technology that can store personal information
- Experience and knowledge in the Web3 area and the existence of a global project team
- A mindset that contributes to the penetration of Web3 projects among the general public
The company also believes that the company's expertise and philosophy are the key factors in its decision to join the Web3 project.
The upcoming release of the NFT service, which allows users to participate in the management of sports teams, as well as future projects utilizing Web3 technology, will be the focus of much attention.
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