[Press Release] Beyond and Sybilla jointly launch one-stop solution to support NFT adoption
Beyond Inc. and Sybilla Inc. will jointly provide a one-stop solution for supporting services that utilize NFTs, from interviews and requirements definition to development, operation, and maintenance
Background of the business partnership
In December 2017, an NFT (non-transferable currency) in-game item from the blockchain game CryptoKitties was sold for $110,707 (approximately 12 million yen at the time), creating a lot of buzz. The latest report by blockchain data company Chainalysis announced that the total value of NFT transactions in 2021 will be $40.9 billion (approximately 4.71 trillion yen)
In 2021, NFTs began to be used in a wide range of fields in Japan, including manga, anime, games, entertainment, and sports, and NFT marketplaces were announced one after another by LINE, GMO, and Rakuten, forming an NFT market. It is expected that the use of NFTs will become even more active in 2022
The role of Sibylla
On the other hand, NFTs also have their challenges. There are two types of NFTs: public chain NFTs and private chain NFTs. The former are the ones that are attracting attention around the world, but currently public chain NFTs have usability issues, so private chains are often chosen in Japan
However, many of the things happening in the world of public chains today cannot happen on private chains. The products provided by Sybilla will solve the issues surrounding NFTs on public chains and lead Japanese NFTs to become a global standard
Beyond's Role
Beyond leverages its experience in building and operating large-scale infrastructure in the gaming industry to design and build off-chain systems that take into account both off-chain (outside the blockchain) and on-chain (within the blockchain). Applications that utilize NFTs cannot be completed with smart contracts alone, but require off-chain APIs and UIs
Beyond's technological capabilities will not only help with the NFTization of digital art, but also reduce the burden of off-chain development and operation that arises as various NFT applications (such as blockchain games) increase
<What is a contract wallet?>
A general term for wallets whose core functions are implemented using smart contracts. They have features that are only possible with smart contracts, such as permission management using multiple keys, social recovery to deal with lost keys, and meta-transactions (executing transactions and paying fees on behalf of others) that enable support for users who do not own crypto assets
What is unWallet?
Sybilla provides a wallet service that is self-sovereign, allowing users with no knowledge of NFTs or blockchain to manage NFTs with the same UX as a typical web application. It consists of a contract wallet developed by Sybilla that implements core functions, and a web-based UI
What is unWallet Enterprise?
Sybilla provides SaaS (Software as a Service) that provides APIs (Application Programming Interfaces) and SDKs (Software Development Kits) necessary for companies and developers without specialized knowledge of NFTs to develop applications that utilize NFTs
Features of NFT introduction support services
1. One-stop solution
We provide thorough support, starting with a consultation from the stage when you first want to consider NFT, through requirements definition, basic design, development, and maintenance and operation after the service is released. We will provide you with an NFT application that meets your desired service specifications and budget
2. Building a service that solves issues related to NFTs
[Usability]
that requires no download or installation
, so there's no need to ask end users to download browser extensions or native apps. Of course, it's accessible from both smartphones and PCs.
• No specialized knowledge required to develop NFT services:
Integrating your application with unWallet can be done with the same ease as familiar social logins. Neither end-users nor application developers need advanced expertise in blockchain.
- Using unWallet's meta-transaction function, which eliminates the need to hold crypto assets and
allows for the payment of transaction fees on behalf of users, application operators can support end-users in paying transaction fees (either by completely covering the fees or by making payments on behalf of users, with the understanding that these payments will be made in advance or afterward in fiat currency).
[Security]
the self-sovereign wallet
Using the meta-transaction function of
- Ability to handle loss or theft of private keys:
Shifting the responsibility for handling incidents such as theft or loss of private keys onto individual end-users who lack specialized knowledge negatively impacts application security and customer support costs. unWallet supports users' private key management through a secure method called social recovery.
multi-factor authentication
To use unWallet with
About Sivilla Co., Ltd. (https://sivira.co/index-ja.html)
Since 2015, the company has been researching and developing blockchain technology in non-financial fields and providing solutions. It is a world-leading blockchain company with high technological capabilities and has acquired numerous patents. Its technological capabilities have been recognized and it has concluded capital and business alliances with major companies in various industries
Company Profile
Company Name: Sybilla Co., Ltd.
Representative Director: Takashi Fujii Head
本社所在地：大阪府大阪市北区曽根崎新地１丁目13番22号 御堂筋フロンティア
Business Activities: Research and development of blockchain and provision of solutions
Established: March 2015
Capital: 324,543,015 yen (including capital reserve)
About Beyond Co., Ltd. ( https://beyondjapan.com/ )
Beyond Co., Ltd. was established in April 2007 and is a company that handles cloud/server construction and operation management, web system development, and web services
<Cloud/Server Business>
From cloud/server design, construction, and migration to 24/7/365 operation, maintenance, and monitoring, we provide our customers with the best performance for their cloud/server needs.
<System Development Business>
We develop web systems such as social games, e-commerce 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 such as the reservation system "EDISONE" and the website monitoring service "Appmill".
Company Profile
Company Name: Beyond Co., Ltd.
Representative Director: Masahiro Haraoka
Head Office Location: 3F, Nankai SK Namba Building, 1-10-4 Namba-Naka, Naniwa-ku, Osaka City, Osaka Prefecture
Establishment: April 4, 2007
Capital: 9 million yen
Number of Employees: 52 (as of February 2022)
*The company names and product names listed are trademarks or registered trademarks of the respective companies
