MyAnimeList Incorporates Crypto Payments Into Its Ecosystem
MyAnimeList Incorporates Crypto Payments Into Its Ecosystem
December 6, 2020
MyAnimeList Incorporates Crypto Payments Into Its Ecosystem
MyAnimeList Incorporates Crypto Payments Into Its Ecosystem
December 6, 2020

MyAnimeList, an active online community for anime and manga, is incorporating cryptocurrency payments into its ecosystem.

It has been reported that the blockchain platform Digital Entertainment Asset announced a partnership with MyAnimeList parent company Media Do, which will see the former’s DEAPcoins circulated on the MyAnimeList platform.

However, the deal will also see Japanese intellectual property from Media Do’s network used for blockchain-enabled games on DEA’s PlayMining platform.

This rewards users with DEAPcoins simply for playing games or reading manga comics through the service and will be extended to reward users enjoying free content through the MyAnimeList platform.

The report said that earlier this year, Media Do announced that it would invest 300 million yen ($2.8 million) into distributed ledger technology over the next two years. The distributor, which works with over 2,000 publishers and 150 online bookstores, reported a 20% year-on-year increase in eBook sales in April when Japan was in a state of emergency due to the global COVID-19 pandemic.

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The company stated that having a reliable transaction history for its eBooks would make it possible for customers to sell used copies while returning royalties to both publishers and writers.

Thus, DEA will help to implement this initiative by jointly creating and running a secondary marketplace using nonfungible tokens, as a 5%–10% portion of sales through this market will be returned to the original rights holders.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.