[Press Release] Beyond and Sibilla jointly start providing one-stop solution for NFT introduction support

Beyond Co., Ltd. and Sibilla Co., Ltd. will jointly provide a solution that provides one-stop support for services that utilize NFTs, from hearing and requirement definition to development and operation and maintenance.

Background of the business alliance

In December 2017, an NFT in-game item from the blockchain game "Crypto Kitties" became a hot topic when it sold for $110,707 (approximately 12 million yen at the time). The latest report by Chainalysis, a blockchain data company, announced that the total amount of NFT transactions in 2021 will be $40.9 billion (approximately 4.71 trillion yen).

In 2021, the use of NFTs began in Japan in a wide range of fields such as manga, anime, games, entertainment, and sports, and NFT marketplaces were announced one after another by LINE, GMO, and Rakuten, and the NFT market was formed. It is believed that the use of NFTs will become more active in 2022.

Sibylla's role

On the other hand, NFTs also have issues. There are two types of NFTs: public chain NFTs and private chain NFTs.The former is the most talked about around the world, but currently public chain NFTs have usability issues, so private chain NFTs are not widely used in Japan. is increasingly being selected.

However, many of the things that are currently happening in the world of public chains cannot happen on private chains. The products provided by Sibilla will solve the issues of NFT in public chains and lead Japanese NFT to a global standard.

Beyond's role

Beyond leverages its experience in building and operating large-scale infrastructure in the game industry to design and build and operate off-chain systems that take into account both off-chain (outside the blockchain) and on-chain (inside the blockchain). Applications that utilize NFTs cannot be completed with just smart contracts; they also require off-chain APIs and UIs.

Beyond's technological capabilities will reduce the burden of off-chain development and operation that will arise as a result of the increase in the number of NFT applications (blockchain games, etc.) in addition to the conversion of digital art into NFTs.

<What is a contract wallet>

A general term for wallets whose core functionality is implemented using smart contracts. Functions that can only be realized using smart contracts, such as authority management using multiple keys, social recovery that can deal with lost keys, and meta-transactions (proxy execution of transactions and fee payments) that enable support for users who do not own crypto assets. has.

<What is unWallet>

This is a wallet service provided by Sibilla, which is a self-sovereign wallet service that allows users with no knowledge of NFTs or blockchain to manage their NFTs with a UX similar to a general web application. It consists of Sibilla's proprietary contract wallet with core functionality implemented and his web-based UI.

<What is unWallet Enterprise>

With SaaS (Software as a Service) provided by Sibilla, companies and developers without NFT expertise can use the API (Application Programming Interface) and SDK (Software Development This is a SaaS that provides services such as kits.

Features of NFT introduction support service

1. One-stop solution

We provide full support, starting with hearings from the phase when you want to consider NFT, requirements definition, basic design, development, and maintenance and operation after service release. We provide NFT applications according to the service specifications and budget required by our customers.

2. Building a service that solves NFT-related issues

[Usability]

・Wallet that does not require download or installation
Since unWallet is a web application, there is no need to require end users to download a browser extension or native app. Of course, you can access it from your smartphone or PC.

・You can develop NFT services without any specialized knowledge
You can link your application with unWallet in the same way as the familiar social login. No advanced blockchain expertise is required for either end users or application developers.

・Payment function for TX fees that eliminates the need to hold crypto assets
By using unWallet's meta-transaction function, application operators can support end users' transaction fee payments (completely taking over the responsibility, or pre- or post-payment using fiat currency). It is also possible to pay for the item on the assumption that you will receive it.

[Security]

・By using the meta-transaction function of the self-sovereign wallet
unWallet, the application operator can support the end user's transaction fee payment (completely taking over the responsibility, or paying on behalf of the user on the premise that payment is made in legal currency in advance or in arrears) It is also possible to do so.

・Ability to respond to loss or theft of private keys
Placing the responsibility of responding to incidents such as theft or loss of private keys on individual end users without specialized knowledge has a negative impact on application security and customer support costs. unWallet supports users' private key management through a secure method called social recovery.

・Multi-factor authentication
In order to use unWallet, you need to pass multi-factor authentication using SMS and FIDO in addition to the general authentication using email address and password. In other words, it is possible to strictly restrict usage by anyone other than the wallet holder.

About Sivira Co., Ltd. ( https://sivira.co/index-ja.html )

We are the world's most advanced blockchain company that has been conducting research and development of blockchain technology in non-financial areas and providing solutions since 2015. We have high blockchain technology and have obtained many patents, and in recognition of our technological capabilities, we have entered into capital and business alliances with the largest companies in various industries.

Company Profile
Company Name: Sibira Co., Ltd.
Representative Director: Takashi Fujii

Business Contents: Blockchain research and development and solution provision
Establishment: March 2015
Capital Gold: 324,543,015 yen (including capital reserve)

About Beyond Co., Ltd. ( https://beyondjapan.com/ )

Beyond Co., Ltd. is a company established in April 2007 that handles cloud/server construction and operation management, web system development, and web services.

<Cloud/Server Business>
We provide the best performance for our customers' cloud/servers, from cloud/server design to construction/migration, 24/7 operation, maintenance, and monitoring.

<System development business>
We develop web systems such as social games, EC sites, and advertising services, as well as server-side API development.

<Web Services Business>
We plan, develop, and operate various cloud services, including our own services, ``Reservation System EDISONE'' and ``Web Site Monitoring Service Appmill.''

Company Profile
Company Name: Beyond Co., Ltd.
Representative Director: Masahiro Haraoka Head
Office Location: Nankai SK Namba Building 3F, 1-10-4 Namba Naka, Naniwa-ku, Osaka-shi, Osaka
Established: April 4, 2007
Capital: 9 million yen
Employees Number of members: 52 (as of February 2022)

*Company names and product names listed are trademarks or registered trademarks of each company.