Showing 2 Result(s)

Square Enix sells off $300 million in IP and studios to invest in blockchain

The Japanese video game company Square Enix, which is behind popular titles such as Final Fantasy, Kingdom Hearts and Dragon Quest, signed a deal Monday to sell off some of its intellectual property and studios in order to fund new blockchain, AI and cloud investments. Swedish gaming firm Embracer is paying Square Enix $300 million for two North America-based studios, Crystal Dynamics and Eidos Interactive, and the popular game series Tomb Raider, Deus Ex, Thief and Legacy of Kain, among …

Square Enix plans to invest more in blockchain gaming in 2022

One of the world’s best-known gaming companies intends to grow its footprint in the world of blockchain-based gaming this year. Square Enix president Yosuke Matsuda spent much of a January 1st letter discussing what he termed “decentralized gaming,” noting that “I hope this becomes a major trend in gaming going forward.” “If we refer to the one-way relationship where game players and game providers are linked by games that are finished products as “centralized gaming” to contrast it with decentralized …