Jokers Inc. has made significant strides in the gaming industry by securing multiple licensing deals with prominent Japanese character IPs, all set to debut on the Sui blockchain.
Parasol, a gaming infrastructure startup and a subsidiary of Mysten Labs, has announced that CODE OF JOKER: EVOLUTIONS, a trading card game licensed by SEGA, will be introduced on Sui. This partnership aims to integrate blockchain technology into gaming experiences seamlessly.
Originally released by SEGA Corporation over a decade ago in 2013, the CODE OF JOKER trading card game has garnered a significant following. CODE OF JOKER: EVOLUTIONS marks the next evolution in this beloved series, with its anticipated release on iOS, Android, and the web slated for late summer 2025.
Digital Ownership and Blockchain Integration
According to the press announcement, these digital trading cards are transitioning onto the blockchain, allowing players to verify ownership digitally. This integration will enable collectors to trade and showcase their card collections efficiently, with Sui as the underlying technology.
Evan Cheng, CEO and Co-Founder of Mysten Labs, shared his enthusiasm about the project's potential. He stated, “During our initial meeting with the Parasol team last year, it became clear that we both believed gaming will lead the way in the Web3 revolution.” He emphasized that gamers are likely to be early adopters of the decentralized economy.
Cheng added, “With the rich variety of SEGA IPs, CODE OF JOKER: EVOLUTIONS represents an ideal collaboration between classic gaming and blockchain technology.”
Kai Chen, CEO of Parasol, remarked that developing this game has been “a labor of love” for the team, who grew up influenced by classic Japanese gaming. He highlighted Sui as the only blockchain that fulfills the technical requirements for Parasol's gaming collaborations, expressing gratitude for the support from Jokers Inc. and SEGA.
Expanding the Web3 Gaming Landscape
Takashi ‘Gin’ Mizouka, co-founder of Jokers Inc., noted that the firm has already secured several major licensing agreements with recognized Japanese character IPs. He mentioned, “These additions will significantly enhance the Web3 gaming arena.” Mizouka shared that this initiative is merely the beginning of many future collaborations with Parasol.
Jokers Inc. features experienced leadership from former SEGA producers, such as Yasuhiro Nishiyama, known for titles like Sangokushi Taisen and CODE OF JOKER, and Wataru Sato, producer of Bakugan.
Mizouka commented, “From our initial discussions about the digital experience of CODE OF JOKER: EVOLUTIONS, we aimed to replicate the exciting feeling of opening a new pack of cards.” The company's goal is to utilize blockchain to create a future where digital trading cards can be exchanged like their physical counterparts, blurring the lines between digital and physical trading card games.
On March 7, Mysten Labs announced its acquisition of Parasol, enabling Parasol to onboard its gaming partners onto the Sui platform. The team noted that Parasol provides user-friendly REST APIs, allowing developers to implement essential functionalities such as in-game item tokenization, marketplaces, and on-chain gameplay—all exclusively available on Sui.
Additionally, Mysten Labs is developing SuiPlay0X1, a hardware device designed for seamless play of both Web2 and Web3 games, in collaboration with Playtron OS.
Current Market Status for SUI
At the moment, the SUI token is trading at $2.23, reflecting a 2% decline over the day, a 20% decrease over the week, and a 30% drop over the month. However, its price has risen by 40% year-over-year, despite a drop from its all-time high of $5.35 reached in January 2025, representing a 58% decline since that peak.
