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Square Enix sells gaming library to concentrate on blockchain and AI

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Japanese sport developer Square Enix is promoting a big a part of its video games library and IP in a pivot in the direction of blockchain.

Iconic IPs like Tomb Raider, Deus Ex, and Thief are included in a $300 million package deal bought by the Sweden-based Embracer Group.

Square Enix introduced a enterprise optimization technique in May 2021, which prompt the necessity to develop new IP titles alongside supporting its main Japanese titles like Final Fantasy and Kingdom Hearts.

The technique didn’t point out the transfer towards blockchain within the presentation. However, Square Enix revised the medium-term technique in its monetary outcomes briefing to incorporate “considering a strong entry into blockchain video games.”

In a press release following the sale of its western IP, Square Enix mentioned:

“The transaction permits the launch of latest companies by transferring ahead with investments in fields together with blockchain, AI, and the cloud.”

The contemplation of a transfer into blockchain video games could have transitioned into an actionable technique with the direct point out of blockchain within the press launch. A extra detailed look into their blockchain technique may be seen within the November briefing deck.

The launch of the Shi‐San‐Sei Million Arthur NFT buying and selling playing cards in October 2021 illustrates the corporate’s dedication to innovating within the blockchain area.

Source: SquareEnix BriefingThe gaming trade has been notoriously immune to the usage of blockchain in video games and the highest gaming information website, Kotaku, sees this transfer no in another way. John Walker from Kotaku mentioned:

“Companies are promoting a line of code on what they name a blockchain to repackage the traditional thought of digital asset possession as the subsequent large funding you need to get in on now whereas the going is nice.”

Walker describes blockchain know-how as “the scam-fest that’s internet 3.0.”

This degree of opposition from the gaming trade is nothing new. However, a main gaming developer promoting vital IP to concentrate on blockchain is undoubtedly an enormous second for the way forward for blockchain gaming.

Whether the additional IPs Square Enix references will come within the type of new blockchain gaming initiatives continues to be unknown, however it’s clear {that a} vital video games developer is now extremely bullish on blockchain.

Liam ‘Akiba’ Wright Journalist at CryptonomieLiam first received into crypto by mining Dogecoin after hours at his video manufacturing firm in 2012. Since then he has develop into a ‘blockchain maximalist’ fascinated by all points of web3.

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