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.

ALSO READ :  OKEx Features Daily, Two-Day, And Monthly Options Trading For BTC/USD, ETH/USD, And EOS/USD

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


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. 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, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.