■Growth Strategies and Topics

1. Monetization of Snap to Earn “SNPIT” has started. A unique token is listed on a crypto asset exchange

Gig Works ＜2375＞ aims for “a society where the labor of each and every worker can receive a fair evaluation.” For “fair evaluations,” labor markets, platforms, and places to work where transparent and fair evaluations can be received are necessary, and the company is promoting the realization of these through 4 businesses. The medium-term (2023-2025) vision aims to realize a society that utilizes decentralized Web3 technology such as blockchain technology, expands work style options using improved reliability and transparency, and is returned to users who have created value.

GALLUSYS Co., Ltd., a consolidated subsidiary of the company, has released a blockchain game “SNPIT” to be jointly developed with Thuringham Corp. “SNPIT” is a completely new Snap to Earn service that provides a revolutionary Game-Fi experience using smartphone cameras. Users can take pictures using camera NFTs, and thereby obtain unique tokens. Furthermore, by using tokens to improve camera performance, it is possible to shoot with more precise image quality and increase the amount of tokens acquired. Photos that exceed specific image quality standards are eligible to enter battles, and tokens can also be obtained by winning battles. In the second quarter of the 2024/10 fiscal year, this early-stage project already recorded sales of approximately 200 million yen, contributing to boosting profits in the on-demand economy business.

“SNPIT Token,” which is the unique token of Snap to Earn “SNPIT,” was listed on overseas crypto asset exchanges “Gate.io” and “MEXC” from 2024/6/20, and trading began. Gate.io (headquarters: Hangzhou, China) was established in 2013, and hundreds of types of crypto assets, starting with Bitcoin (BTC), Ethereum (ETH), etc. can be traded, and are operated with high security. MEXC (headquarters: Singapore) was established in 2018, and it is possible to trade a wide variety of stocks, including Bitcoin (BTC), Ethereum (ETH), etc. It provides services under high security in over 170 countries and regions around the world. Both exchanges have a large number of stocks and users, and are top class crypto asset exchanges.

With this listing, users can not only utilize SNPIT POINTS (STP) obtained as game rewards within the application, but also exchange them for cryptographic assets and utilize them, making it possible to earn money exactly through the application. Indeed, it will “expand the options for work styles” that the company aims for.

Snap to Earn “SNPIT” has great potential to create new appeal through active collaboration with other companies. As an example, in 2024/5, GALLUSYS, a subsidiary of the company, decided on a business alliance centered on Snap to Earn “SNPIT” in order to challenge the creation of new experience value on Web3 and aim to revitalize the region and develop solutions in the travel business, which is its main business, with H.I.S. ＜9603＞. Through this business alliance, “Turn memories into information. Information becomes a global tourism resource. Memorize the information. Memories become people's property.” Based on the concept, it is said that a new way of traveling will be provided by utilizing SNPIT. Specific campaigns, events, and services will be planned and announced in the future.

2. A business alliance was formed with Threes to become the largest satellite office network in Japan with over 1,000 locations

In 2024/5, NEX, a subsidiary of the company, formed a business alliance with Tokyo Sun Marunana Co., Ltd. (hereinafter “Threes”), which operates the centralized idle space management service “Threes” for hotels. As a result of this partnership, the number of locations that can be used at THE HUB, a rental office co-working space operated by the company, increased by 280 locations, making it the largest satellite office network of 1,032 locations in Japan. Threes is an FC service for hotels and co-working spaces where lodging charges can be made regardless of whether they are manned or unmanned, and it has been deployed in 31 cities nationwide. It is said that through this business alliance, the two companies will work to revitalize space and improve user satisfaction through mutual customer delivery, and will support “the realization of flexible and diverse ways of working.”

(Written by FISCO Visiting Analyst Hideo Kakuta)