ChainCatcher news, DMM Crypto, the blockchain gaming and NFT division of the Japanese cryptocurrency exchange operator DMM, will shut down its Seamoon Protocol. The company announced that no new services will be added to the ecosystem, and future arrangements for existing services on the platform are under discussion. The Seamoon Protocol is supported by the SMP token in the DM2 Verse on the Oasys L2 blockchain. The Seamoon portal is a Web3 gaming and content site featuring games and anime produced by the Japanese e-commerce and internet group DMM.com.

ChainCatcher News, Japanese conglomerate DMM Crypto and Progmat have announced that they have begun joint research to issue a stablecoin that complies with the revised Payment Services Act.This unique stablecoin is initially planned for use in the digital economic zone envisioned by the DMM Group, the "Seamoon Protocol." The goal is to expand the token economy and increase the value of SMP by combining it with the unique crypto asset (virtual currency) "Seamoon Protocol (SMP)."It is stated that the plan will advance the use of the stablecoin in three phases. The first phase aims to stabilize the price of SMP and develop the economic zone; the second phase will expand its use as a means of payment between DMM Group companies; the third phase will use it as a payment method between whitelisted business partners and as a payment method for verified users (such as gamers).