Pacific Meta Inc. (Headquarters: Minato-ku, Tokyo; CEO: Shota Iwasaki; hereinafter referred to as “Pacific Meta”) is pleased to announce its investment in Orange Cap Games (hereinafter referred to as “Orange Cap Games”), a blockchain game development studio.

Table of Contents

• Background of the Investment
• Comments on the Investment
• What is “Pudgy Penguins”?
• What is “Vibes”?
• About Pacific Meta Ventures
• About Pacific Meta

Background of the Investment

“Vibes”, developed by Orange Cap Games, is a trading card game (hereinafter referred to as”TCG”) utilizing the IP of popular NFT project “Pudgy Penguins,” which originated within the Web3 ecosystem.

We were deeply impressed by Orange Cap Games’ passion for creating a game that even those unfamiliar with card games would want to pick up, even aiming to make it their first TCG. We felt the potential in this vision and decided to participate, and we hope that “Vibes” will serve as a catalyst to spread awareness of Web3 intellectual property (IP).

In addition, Pacific Meta plans to comprehensively support Orange Cap Games’ business expansion in the Japanese market, not only through financial investment but also through strategic assistance.

Comments on the Investment

CEO
Shota Iwasaki

“I have loved trading card games since I was a child. I personally spent millions of yen on a Web3 TCG called Splinterlands, reaching a top rank of 82nd out of 270,000 players. The experience of buying, selling, and lending cards as NFTs was incredibly fresh and exciting. I truly feel that Web3 technology can lead to a global hit in the TCG world.

After meeting Spencer, the founder, I was captivated by his personality. The use of ‘Pudgy Penguins,’ a top-class NFT IP, made me realize the immense potential of this project, which led to my decision to invest.”

Co-founder
Head of Global Business Development
Kousei Sho

“I am convinced that the transformation of an NFT project into a TCG can serve as an opportunity for people who have never been involved with Web3 IP to engage with it.

The founding team not only has a great reputation in the existing NFT industry, but also includes many former professional TCG players from the Web2 world. They have the knowledge, expertise, and network to compete in the trading card industry, and I look forward to their future business growth.”

What is “Pudgy Penguins”?

“Pudgy Penguins” is a collection of 8,888 chubby penguin NFTs launched in 2021. It quickly gained attention and sold out within just a few minutes of launch. The highest recorded sale was for 400 ETH (approximately 943,000 USD), making it one of the most popular NFT collections worldwide.

Last year, as part of a partnership with major retailer Walmart, they launched toys called “Pudgy Toys,” which were sold in 2,000 Walmart stores. As of March 2024, more than 750,000 units have been sold, with retail sales reaching 10 million USD.

Official website: https://pudgypenguins.com/

What is “Vibes”?

“Vibes” is a TCG developed by Orange Cap Games, designed to be enjoyed in both the digital and physical worlds.

Players can collect decks featuring designs based on the NFT project “Pudgy Penguins” IP, and the strategy and tactics of the decks they build will determine their success in the game. This makes it a game that players can continuously enjoy as they develop new decks and refine their tactics.

Official website: https://www.vibes.game/

About Pacific Meta Ventures

Pacific Meta Ventures is the investment arm of Pacific Meta, investing in Web3 projects. We are committed to supporting the Web3 ecosystem, driven by a desire to help projects overcome financial challenges and contribute to solving problems from their early stages.

For inquiries regarding “Pacific Meta Ventures” and other questions, please contact us HERE.

About Pacific Meta Inc.

Pacific Meta operates as a “Web3 Accelerator,” providing comprehensive support to domestic and international Web3 projects.

We leverage our expertise in Web3 to assist domestic and international companies and projects with fundraising, consulting, business development, and marketing. Additionally, we support the international expansion of domestic projects and the entry of overseas projects into Japan (and East Asia) using our global team. At our office, Pacific Hub, we also create communication opportunities for the Web3 community.

▼For companies interested in our services, please feel free to contact us:
Contact: https://pacific-meta.co.jp/en/contact/

[Company Overview]
–Location: 8th Floor, Hamamatsucho PREX, 2–2–12 Shiba, Minatoku, Tokyo
-Representative: Shota Iwasaki, CEO
-Founded: August 10, 2022
-Business:
Web3 Accelerator

• Investment
• FundraisingSupport
• Strategy
• Marketing
• Partnership
• TokenConsulting

-Capital: 150 million yen (including capital reserves)
-Company URL: https://pacific-meta.co.jp/

[Contact Information]
–Company Website: https://pacific-meta.co.jp/en/contact/
-Email: info@pacific-meta.co.jp
-Pacific Meta Magazine: https://pacific-meta.co.jp/magazine/