Digital Entertainment Asset (DEA), a Singapore-based global Web3 entertainment company and operator of the PlayMining GameFi platform, has announced the launch of its DEP Buyback Program.

The company will continuously buy back its own DEAPcoin ($DEP) crypto token in order to sustainably increase the token’s value. DEA will use up to 40 percent of its own sales — but not including DEP sales from its gaming platform PlayMining — to fund the buyback.

“Through the DEP Buyback Program, we aim to increase the value of DEP tokens over the medium to long term,” said DEA co-founder and co-CEO, Naohito Yoshida. “This will help us stabilize the PlayMining ecosystem and return profits to DEP holders.”

The program starts January 2023, with specific timing and buyback amounts to be determined based on market trends and the condition of the PlayMining economy. Details will be published via whitepaper at a later date.

Growing the PlayMining GameFi Platform

The current PlayMining GameFi catalog features a number of casual Play and Earn (P&E) NFT games, including Job Tribes, Cookin’ Burger, Menya Dragon Ramen, Graffiti Racer and Lucky Farmer. More games are scheduled to launch this year, and a metaverse initiative is also in the works.

Players can earn DEP by playing these games, which can be used in many ways: DEP can be sold back to PlayMining, traded on popular exchanges or used to purchase NFTs on the PlayMining NFT marketplace. DEP has the distinction of being the first P&E token officially approved by Japan’s Financial Service Agency.

The NFT marketplace hosts artwork from popular Japanese anime and video game creators as well as NFTs that can be used in all of the Web3 games on the PlayMining platform. Notably, DEA pays royalties to both official and fan art creators on their NFT marketplace, with SG$9 million in royalties having been paid out over the past two years.

DEA has a mission to create a fair distribution platform for creators. In addition to creating their own Web3 games, DEA partners with third-party game studios to launch NFT games on the PlayMining platform. This gives small game developers a significant advantage: by integrating DEP into their games, it becomes possible to sell NFTs directly on the PlayMining NFT marketplace and later to develop metaverse projects related to their game, thereby opening up new monetization strategies for their intellectual property (IP).

“It can be notoriously hard for small game studios to monetize their IPs,” said DEA’s other co-founder and co-CEO Kozo Yamada. “The biggest distributors such as Nintendo and Apple take a huge cut from every sale, but our fees are much more reasonable. Through the empowerment of Web3 technology, we aim to build a GameFi library that rivals Nintendo!”

DEA recently celebrated a number of big successes at the tail end of 2022, having secured US$10 million investment from LDA Capital and a minority investment from Rakuten Capital. They also signed strategic Web3 partnerships with Rakuten Group and YGG SEA, and entered into a business alliance with TV Tokyo. All of these wins will serve to help PlayMining expand their GameFi platform.

SGS, the world’s leading testing, inspection and certification company, is reminding stakeholders that the US Consumer Products Safety Commission (CPSC) has published two final rules to protect children aged eight years or younger from the risk of strangulation by window covering cords.

The two final rules were published on November 28, 2022. The first, 16 CFR 1260, establishes a safety standard for operating cords on custom window coverings. The second, 16 CFR 1120, makes it clear that window covering that fail to comply with one or more of the following requirements of ANSI/WCMA A100.1 - 2018 will be considered a substantial product hazard (SPH).

SGS has published SafeGuardS 139.22 to provide stakeholders with in-depth information on the scope and requirements of both pieces of legislation. This includes definitions for both custom and stock window covering, especially pertinent to 16 CFR 1120, and information on the specific requirements in both final rules. Included in the SafeGuardS are details of the rules relating to the manufacture and importation of custom window coverings between November 28, 2022, and May 30, 2023.

Stakeholders are advised to review original SGS SafeGuardS 139.22 for more information. They should also be aware of the following effective dates:

• 16 CFR 1260 – May 30, 2023
• 16 CFR 1120 – December 28, 2022

SGS Furniture Services

SGS helps you deliver well-designed, functional, durable and safe products to your customers. We have the furniture industry, regulatory and technical expertise to check your products’ compliance against relevant standards and/or your own specifications. In the end, it’s only trusted because it’s tested. Learn more about SGS’s Furniture Services. 

SGS SafeGuardS keep you up to date with the latest news and developments in the consumer goods industry. Read the full US CPSC Issues Final Rules for Window Coverings SafeGuardS.

Subscribe here to receive SGS SafeGuardS direct to your inbox.

For further information contact:

Dennis Lancion

SGS Connectivity & Products

Technical Manager (Hardlines)

Tel: +1 (905) 364-3757

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.sgs.com/hardlines  

LinkedIn: sgs-consumer-goods-&-retail

About SGS

We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for quality and integrity. Our 96,000 employees operate a network of 2,700 offices and laboratories, working together to enable a better, safer and more interconnected world.

SGS, the world’s leading testing, inspection and certification company, has published a SafeGuardS to help stakeholders understand the latest development in the progression of the European Union (EU) General Product Safety Regulation (GPSR) towards adoption.

On November 29, 2022, the European Parliament and Council provisionally agreed to adopt the GPSR. A final adoption is expected in March 2023 and, once adopted, the GPSR will come into force 18 months later.

GPSR will transform the current General Product Safety Directive (GPSD) into a regulation. The GPSD (2001/95/EC) has been in force for over 20 years but is no longer sufficient to protect consumers in today’s digital environment.

SGS has published SafeGuardS 141.22 to give stakeholders an overview of the development of GPSR. It contains a breakdown of the main provisions in the GPSR, including details of the requirements relating to e-commerce, responsible persons, recalls and technical documentation.

For more information, stakeholders are advised to look at SGS’s original SafeGuardS 141.22.

SGS Consumer Product Services

SGS provides news about the development of regulations affecting consumer products as a complimentary service. With an unrivalled global network of laboratories, they offer physical/mechanical testing, analytical testing and consultancy work for technical and non-technical parameters applicable to a comprehensive range of consumer products. In the end, it’s only trusted because it’s tested. Learn more about SGS’s Consumer Product Services.

SGS SafeGuardS keep you up to date with the latest news and developments in the consumer goods industry. Read the full European Parliament and Council provisionally agree General Product Safety Regulation (GPSR) SafeGuardS.

Subscribe here to receive SGS SafeGuardS direct to your inbox.

For further information contact:

Sanda Stefanovic

Connectivity & Products

Business Development

Tel: +31 (0)6 5154 2190

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.sgs.com/cp

LinkedIn: sgs-consumer-goods-&-retail

About SGS

We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for quality and integrity. Our 96,000 employees operate a network of 2,700 offices and laboratories, working together to enable a better, safer and more interconnected world.

SGS, the world’s leading testing, inspection and certification company, has published a SafeGuardS to remind stakeholders that Montenegro has revised its lists of restricted chemicals and persistent organic pollutants.

The revisions came into effect on December 15, 2022, further aligning Montenegro’s regulations with those in the European Union (EU).

‘Regulation on prohibited or permitted use, production and placing on the market of chemicals that pose an unacceptable risk to human health and the environment’ was issued in 2018. It contains three Annexes for the management of chemicals:

• Annex 1 ‘Chemicals that pose an unacceptable risk to health and the environment and whose use, production and placing on the market is prohibited or restricted’
• Annex 2 ‘List of Prohibited persistent organic pollutant (POP) substances’
• Annex 3 ‘Permitted values of VOC content in coatings (paints and varnishes)’

On December 7, 2022, Montenegro issued legislation to amend this regulation. This includes closer alignment with the (chemical) safety requirements in Annex XVII of Regulation (EC) 1907/2006 (REACH) and the list of POPs in Annex I of Part A of Regulation (EU) 2019/1021 (POP Recast Regulation).

SGS has published SafeGuardS 142.22 to help stakeholders understand the latest chemical safety requirements for consumer products destined for Montenegrin markets. The SafeGuardS includes details of important changes as well as information on updates made in 2020.

The SGS expert also notes that Montenegro’s latest list of restricted chemicals, in Annex I to the Regulation, requires a limit of no more than 0.1% for phenylmercury compounds (entry 62) as opposed to 0.01% for the same entry under Annex XVII of REACH. Additionally, the current entry 22 (pentachlorophenol (PCP), its salts and esters) may be removed in the future as these substances are now regulated in Annex 2 for POP chemicals.

Stakeholders are advised to read SafeGuardS 142.22 and check their products against the latest requirements.

SGS Chemical Testing

SGS offers a comprehensive range of testing services to help manufacturers and suppliers ensure their products are safe and comply with national and international regulations concerning harmful chemicals. In the end, it’s only trusted because it’s tested. Learn more about SGS Chemical Testing Services.

SGS SafeGuardS keep you up to date with the latest news and developments in the consumer goods industry. Read the full Montenegro Further Aligns Chemical Safety with the EU SafeGuardS.

Subscribe here to receive SGS SafeGuardS direct to your inbox.

For further information contact:

Dr. HingWo Tsang

Global Information and Innovation Manager

Tel: (+852) 2774 7420

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.sgs.com/cp

LinkedIn: sgs-consumer-goods-&-retail

About SGS

We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for quality and integrity. Our 96,000 employees operate a network of 2,700 offices and laboratories, working together to enable a better, safer and more interconnected world.