Square Enix Partners Up With Gumi After Investing $52m In The Game Developer
Notable Japanese gaming company Square Enix has recently invested over $52 million in Gumi, a game developer, to make high-quality mobile games, blockchain games, and a metaverse initiative, among other things.
Square Enix has also adopted a progressive attitude towards NFTs in the past, and the partnership will reportedly allow Gumi to access certain intellectual property from Square Enix, with the duo potentially collaborating on a game-focused NFT marketplace in the near future.
Square Enix indicated that it is already considering the establishment of a fully dedicated platform for blockchain-based games. The company shall additionally provide a convenient service from the development and distribution of blockchain games to the sale and distribution of tokens and NFTs through the partnership.
Square Enix also revealed plans to work on a slew of NFT games with metaverse integrations, before introducing a new term called Wow and Earn (W&E), which essentially refers to games based on world-famous IP that incorporate blockchain-based Play-to-Earn (P2E) characteristics.
Gumi previously collaborated with Square Enix on various mobile games in the Final Fantasy Brave Exvius series, and both companies are partners in the Oasys blockchain-gaming project, which is developing its own network designed solely for P2E gaming.
Top News
16 days ago
17 days ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.