Earlyworks selected as a co-creation partner for MetaMe® a meta-communication service utilizing cutting-edge technology from NTT DOCOMO, one of Japan's largest cell phone operators!
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Insights
The partnership between Earlyworks Co., Ltd. and NTT DOCOMO, INC. represents a strategic collaboration that could potentially enhance the value proposition of both companies in the burgeoning field of blockchain and meta-communication services. For Earlyworks, leveraging its Grid Ledger System in conjunction with a telecommunications giant like DOCOMO could lead to increased visibility and adoption of its blockchain technology. This collaboration is likely to bolster investor confidence in Earlyworks, as it aligns with the broader industry trend of integrating blockchain technology into various sectors.
From a market perspective, the synergy between Earlyworks' blockchain expertise and DOCOMO's vast customer base and technological infrastructure could result in innovative solutions that may disrupt traditional communication services. It's important to monitor the development of MetaMe® and the extent to which GLS is integrated, as this could be a significant driver of growth for Earlyworks and potentially impact its stock performance positively.
Earlyworks' Grid Ledger System is a proprietary blockchain technology that could offer substantial benefits in terms of security, transparency and efficiency when integrated with MetaMe®, NTT DOCOMO's meta-communication service. Blockchain technology is renowned for its decentralized and immutable ledger capabilities, which could significantly enhance the reliability and user trust in communication services. The application of GLS in a meta-communication context is an innovative step that could set a precedent in the industry.
As a technology analyst, it's crucial to assess the technical feasibility and the potential scale of this partnership. If Earlyworks can effectively deploy its GLS within DOCOMO's infrastructure, it could lead to a new standard in secure and private communication, potentially creating a competitive edge and opening up new revenue streams for both companies.
Investors should consider the financial implications of this partnership between Earlyworks and NTT DOCOMO. Collaborations like these can often lead to joint development costs and revenue-sharing agreements, which may affect the financial health and earnings projections for both parties. It's essential to evaluate the terms of the partnership, the investment required and the expected timeline for revenue generation.
Additionally, the impact on Earlyworks' financials will depend on the success of the MetaMe® service's market penetration and user adoption rates. If the integration of GLS with MetaMe® proves to be successful and scalable, it could lead to significant top-line growth for Earlyworks and enhance its market position, which would be a positive indicator for investors and could lead to upward movements in the company's stock price.
Tokyo, Japan, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”)*, has been selected as a co-creation partner for MetaMe®, a meta-communication service utilizing cutting-edge technology from NTT DOCOMO, INC. (“DOCOMO”), one of Japan's largest cell phone operators.
About "MetaMe" and Co-Creation Partner
"MetaMe" is a new form of communication space developed by DOCOMO, where users can connect with others who share common values through hobbies, expressions, and conversations that reflect their individuality. It is operated by Relic Inc. (Headquarters: Shibuya-ku, Tokyo; CEO: Takaaki Kitajima), a company that supports new business development and innovation for Japanese enterprises. "MetaMe" consists of two main concepts: "Home," which reflects the values of users, and "Community World," which serves as a place for communication.
<MetaMe official website> https://lp.metame.ne.jp/
"MetaMe" will provide limited edition clothing, various items, and exclusive event tickets aimed at enhancing users' expression and experiences. These offerings will be facilitated through cutting-edge blockchain technology. Users will be able to showcase their rare items to friends, participate in exclusive events, and engage in interactions previously unavailable in similar services, aiming to provide new experiential value.
Earlyworks, with the mission of "unearthing economic resources of individuals and corporations through blockchain," serves businesses aimed at visualizing and valuing data through the utilization of blockchain technology. Collaboratively with DOCOMO's cutting-edge technology, we are advancing various initiatives to realize the new experiential value aimed for by “MetaMe”.
In the 1st phase, using Earlyworks' technology, "MetaMe" will be offered through a marketplace called the "MetaMe NFT** Market" where limited event tickets and items, as well as other NFT items, will be issued and sold.
About "MetaMe” NFT Marketplace
The "MetaMe" marketplace will offer the following services in different phases.
In addition to the existing marketplace within MetaMe that handles digital content linked to events, the newly released "MetaMe NFT Marketplace" will enable users to purchase a variety of NFTs using cryptocurrency (initial phase is Polygon only, but it will be expanded). These NFTs will include collaborations with companies and artists, as well as paintings (artworks) viewable within MetaMe, membership cards, virtual clothing in the metaverse and more. The MetaMe NFT Marketplace will initially offer multiple NFTs and provide a secure trading environment. Through this initiative, we aim to accelerate value exchange via NFTs and build the MetaMe ecosystem. The establishment of this marketplace will facilitate smooth value exchange among users and drive the expansion of fan communities.
The NFT marketplace not only tokenizes artworks, membership cards, and clothing for avatars but also enables the tokenization of previously invisible values. As the creator economy continues to evolve, this initiative will deepen the relationship between fans and creators, enabling new value creation.
*: What is the Grid Ledger System?
The Grid Ledger System (GLS) is an integrated distributed database service developed on the foundation of blockchain technology. GLS achieves ultra-fast processing by addressing the bottleneck issues inherent in traditional blockchains. Additionally, it combines the advantages of databases and blockchains by providing advanced tamper resistance, zero downtime, and traceability that were not achievable with traditional databases alone, resulting in overwhelming usability.
**: What is NFT?
NFT stands for Non-Fungible Token, representing "unique digital assets" in essence. While fungible implies interchangeability, non-fungible indicates "non-interchangeable," thereby proving the uniqueness and individuality of each NFT. This ensures that each NFT holds a unique value, guaranteeing its singular worth in the world.
About Earlyworks Co., Ltd.
Earlyworks Co., Ltd. is a Japanese company operating its proprietary private blockchain technology, GLS, to leverage blockchain technology in various applications in a wide range of industries. GLS is a hybrid blockchain that combines the technical advantages of blockchain and database technology. GLS features high-speed processing, which can reach 0.016 seconds per transaction, tamper-resistance, security, zero server downtime, and versatile applications. The applicability of GLS is verified in multiple domains, including real estate, advertisement, telecommunications, metaverse, and financial services. The Company’s mission is to keep updating GLS and make it an infrastructure in the coming Web3/metaverse-like data society.
For more information, please visit the Company’s website: https://ir.e-arly.works/
<For inquiries about this release, please contact>
Earlyworks Co., Ltd. Contact: Hideyuki Nakajima
TEL: 03-5614-0978
E-MAIL: ew-ir@e-arly.works
About Relic Inc.
Relic Inc. is a "business co-creation company" that supports new business development and innovation creation for Japanese enterprises. We have been interactively developing three main businesses: the "Incubation Tech Business," which provides a SaaS-based platform specializing in unprecedented new business development, the "Business Production/New Business Development Support Business," which comprehensively supports new business and innovation creation, and the "Open Innovation Business," which collaborates with startup companies through investment and joint ventures with large enterprises to co-create innovation. Through eight years of operation with involvement in over 4,000 companies and 20,000 new business developments, we have established ourselves as a leading company in the field of supporting and co-creating new businesses and innovations with unparalleled value and significance as well as the achievement of industry-leading scale and growth.
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