October 12, 2018 / Tokyo, Japan
Japanese startup Cure World Cosplay is using blockchain to serve one of the most untapped niches in the world. According to China Research and Intelligence (CRI), it’s a market that reached $17.8 billion in 2017. When other expenses are factored in, such as travel, accommodation, and ticket prices for conferences, cosplay represents $45 billion in value worldwide.
With Cosplay Token (COT), the company now makes transactions easier for a community of over 720,000 users worldwide. Users who have published over 6.5 million of their creations on the official website. The community’s administrators hope to turn this budding network of enthusiasts into its own self-sustaining market. COT will be used primarily to purchase paid content in what has become the largest cosplay platform.
CEO Junichiro Kawai made a statement on the vision behind the project. “Through our Cosplay Token, we are looking to quantify the cosplay industry and boost the potential market value dramatically, up to five times the size. By providing the community with an easier way to reach financial settlements, while protecting their copyrights and ensuring trust and transparency, we can ensure that players are properly rewarded for their services and increase the sustainability of the cosplay industry.”
Recent developments show that the efforts have started to pay off.
- Fans have responded favorably and become more engaged, especially after the announcement the Cosplay Community Rewards Program winner. After much deliberation, Lady Lemon became the new Cosplay Token Ambassador.
- In September, the team participated in TeamZ Blockchain Summit for Blockchain Week in Tokyo. There, they were met with an eager crowd in a discussion about the challenges and opportunities that have risen for blockchain projects in the Japanese market.
- The event was dovetailed by the community’s response to Tokyo Game Show 2018. Thousands of fans joined in for Collection Night with elaborate costumes. Many of which are featured in the official archive.
- Cure World Cosplay also welcomed prominent leaders to its advisory board. In May, TopChain founder Jiao Guangming brought his experience in securing listings in the Asian market’s most important exchanges: Huobi and OKex. His network of investors has been key to Cosplay Token’s success.
- Yudi Levi, the creator of the Bancor Protocol, also joined the team in March before the token sale. As an advisor, he provided technical support for Bancor’s integration into the platform. All with the goal of providing continuous liquidity for COT token holders.
About Cure World Cosplay
Cure World Cosplay has been operating as a community service for cosplayers and their collaborators all over the world. It is a multi-lingual platform supporting 12 languages, where more than 720,000 members from 180 countries post quality work, counting up to 6.5 million content submissions. The company’s official social media accounts are followed by more than 430,000 people, interacting with users worldwide every day.
Media Contact: Anton Repnikov, [email protected]
