Square Enix Sells Popular IPs To Invest More In Blockchain Gaming

Square Enix Sells Popular IPs To Invest More In Blockchain Gaming
фото показано с : zycrypto.com

2022-5-4 01:39

Blockchain technology is steadily disrupting various sectors, with the gaming industry being one of them. Notably, gaming company Square Enix disclosed on Monday that it had sold some of its popular titles to be able to invest in blockchain gaming.

Square Enix Moves Forward With Blockchain Gaming Plans

On Monday, Square Enix revealed that it was selling some of its overseas studios and popular gaming titles to Swedish gaming firm Embracer Group. Embracer revealed that the deal is valued at about $300 million and includes titles like Tomb Raider,  Deus Ex, Thief, and  Legacy of Kain. Square Enix President Yosuke Matsuda is said to have made the final decision on the sale, and all conditions are said to have been met at the time of writing.

In their press release, Square Enix stated that the sale would give them the needed resources to advance the company’s growth in the digital entertainment industry. Square Enix also revealed that proceeds from the sale would also be directed into blockchain technology, AI, and cloud computing. The release read:

“In addition, the Transaction enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud. The move is based on the  policy of business structure optimization that  the company set forth under the medium-term  business strategy unveiled on May 13, 2021.”

Last month, the company’s president, Yosuke Matsuda, re-emphasized his pro-blockchain gaming stance in an interview with Yahoo Japan. Matsuda revealed that he believed that gamers would want more than what traditional games currently offer in the future. The executive also noted that Square Enix could, in the future, change its approach toward building games, moving away from building games that are defined 100% by the developers to something which gamers can contribute to.

It is not the first time the Square Enix Chief has thrown his weight behind the disruptive technology. In a New Year’s letter to customers, the executive revealed that he was excited by the possibilities brought on by the new technology and advancements in NFTs and the metaverse. Matsuda has also hinted at the company creating a cryptocurrency.

Traditional Gaming Embraces Blockchain As The Technology Drives Industry Growth

The list of traditional gaming companies pursuing integration with blockchain technology and the metaverse continues to grow. As reported by ZyCrypto last month, both Japanese gaming company Bandai Namco and Fortnite creators Epic Games have revealed plans to venture into the metaverse.

As per a report from market research firm Technavio, the gaming market is expected to grow by $125.65 billion. The researchers in their report identified the integration of blockchain technology as a major driving force for this growth. The latest trend will allow users to trade in-game assets securely while enabling developers to monetize services more efficiently.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Gaming (GMNG) на Currencies.ru

$ 3.91E-5 (-0.18%)
Объем 24H $38
Изменеия 24h: 2.95 %, 7d: 26.08 %
Cегодня L: $3.91E-5 - H: $3.91E-5
Капитализация $0 Rank 7738
Цена в час новости $ 0.0001047 (-62.66%)

gaming blockchain enix invest square popular monday

Источник: zycrypto.com

gaming blockchain → Результатов: 126


Blockchain technology poised to bring revolutionary changes to eSports

eSports today “Gaming seems to be getting the acknowledgment of being, arguably, the world’s favorite pastime” In the eight months following its release in March 2017, PlayerUnknown’s Battlegrounds, one of the world’s most popular gaming titles, made $712 million, indicative of eSports robust growth and strong health, as well as its potential to continue developing […]

2018-8-7 20:57


Фото:

Can Blockchain Technology and Video Games Inspire a Universal Basic Income?

Indiana video games and virtual economies University Professor Edward Castronova published a whitepaper in 2016 about the nature of video games and the future of work. While the gaming industry is one predominantly for leisure, Castranova argued that video games will have a significant impact on the future of work as it will act as a haven for low-skilled workers.

2018-8-6 18:00


kheper ICO (KHP Token): Blockchain Gambling Software Tokenization?

Kheper seeks to tokenize the multi-billion industries through the use of cryptocurrencies. By tokenizing it, Kheper will be making gambling more accessible to the everyday consumer. This is to be achieved by expanding from the traditional online gaming platform to the creation of physical slots. By doing this, it will be creating a unique brand […]

2018-8-4 21:22


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cboe to launch first cash-settled Bitcoin index options

Cboe to launch cash-settled Bitcoin index options based on the CBTX index on Dec 2. The options will offer indirect exposure to Bitcoin via US spot Bitcoin ETFs. Mini options and customizable FLEX options will also be available at launch.

Coinbase will delist Wrapped Bitcoin (WBTC) next month

Coinbase will delist WBTC on December 19, 2024, due to unmet listing criteria. WBTC will be moved to limit-only mode, with withdrawals still accessible. Coinbase’s cbBTC, launched in September, has been gaining market share in wrapped Bitcoin.

Thumzup to add Bitcoin payments for gig economy workers

Thumzup will soon pay its gig workers via Bitcoin. The Nasdaq-listed media and marketing firm recently added BTC as a treasury asset. Thumzup, the media marketing company that recently adopted a Bitcoin (BTC) strategy with a $1 million purchase, has announced plans to add crypto payments for gig economy workers.