Notice of Acquisition of Business Related to the Avatar Service “Selfy”

※This article is machine translated.

Cocone Connect Corporation (headquartered in Setagaya-ku, Tokyo; Yosuke Tomita, Representative Director) announces that it has acquired all rights to the avatar service “Selfy” from GCREST, Inc. on September 1, 2021.

■Purpose of Business Transfer

Cocone Connect Corporation and its parent company, Cocone Corporation, plan, develop, and operate CCP(*) services, in which avatars enjoy a virtual space (digital world).
Released and operated by GCREST, Inc. in 2006, “Selfy” is still a service loved by many customers even today, as it celebrates its 15th anniversary.

Cocone Connect Corporation believes that “Selfy” is an established brand in avatar services and has value that can be elevated as an IP (Intellectual Property) work. We believe that “Selfy” is a work that truly represents the avatar service.
In the coming era in which the digital world will become a universal living space, we believe that “branding and IP of digital design” will become an even more important theme in terms of culture and art, as well as business.

In addition to further enhancing the services of the smartphone application “Pocket Land,” which is currently operated as the core service of ” Selfy “, we will continue to aggressively develop services and expand content in the digital space that capitalize on the appeal of ” Selfy “.

■What is the “Selfy” avatar service?

The avatar service celebrated its 15th anniversary on August 1, 2021. The “Pocket Land” smartphone application, “SELFY COLLECTION Dream Stylist” for Nintendo Switch, and other services utilizing character design are being developed by several other companies.

CCP: Character Coordinating Play. A service in which “Character” exists, “Coordinating” elements exist, and “Play” is possible.

<Summary of Business Acquisition>
Details of acquisition: “Selfy” avatar service business (“Pocket Land”, “SELFY COLLECTION Dream Stylist” for Nintendo Switch, etc.) of GCREST, Inc.
Date of transfer: September 1, 2021

<Outline of the transferring company>
Company name: GCREST, Inc.
Representative: Junpei Otsuji, President and Representative Director
Established: November 2003
Location: 40-1 Udagawa-cho, Shibuya-ku, Tokyo

<Outline of the company to be transferred>
Company name: Cocone Connect Corporation(a wholly owned subsidiary of Cocone Corporation)
Rep: Yosuke Tomita, Representative Director
Establishment: April 2021
Location: 3-1-18 Wakabayashi, Setagaya-ku, Tokyo
Contact: info@cocone.co.jp

<Outline of parent company to be transferred>
Company name: Cocone Corporation
Rep: Yosuke Tomita, Representative Director
Established: September 2008
URL: https://www.cocone.co.jp/
Location: 3-1-18 Wakabayashi, Setagaya-ku, Tokyo
Business: Social network service business, language business, and education business