Square Enix sells Tomb Raider, raises cash for blockchain ventures

Japanese gaming giant Sq. Enix declared Monday that it is promoting three of its gaming studios to Sweden-based mostly Embracer Team for US$300 million and will use the resources for new firms in blockchain technological innovation, synthetic intelligence and the cloud.

See associated report: Japan’s Sq. Enix reveals blockchain gaming ambitions for 2022

Quickly information

  • Sq. Enix marketed Crystal Dynamics, Eidos-Montréal and Sq. Enix Montréal studios, which will give the Swedish publisher ownership to sport titles these as Tomb Raider, Deus Ex, Thief, Legacy of Kain and many others.
  • “The transaction permits the launch of new corporations by shifting forward with investments in fields together with blockchain, AI, and the cloud,” Tokyo-centered Square Enix mentioned in an announcement.
  • Yosuke Matsuda, president of Sq. Enix, beforehand emphasized that incorporating blockchain technologies can boost range and self-sustaining expansion in gaming.
  • Devoted supporters of online video activity franchises that date back to the 1980s and ‘90s have panned match developers that have introduced organization in blockchain know-how, boasting they are neglecting conventional lovers and creating opportunity harm to the surroundings.
  • Matsuda acknowledged that existing avid gamers are skeptical of ventures in blockchain, but remained upbeat on the technology’s prospective buyers for the long term of gaming.

See associated short article: NFTs could be the upcoming killer app for video video games, but some common gamers object

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