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Japanese sport developer Sq. Enix is promoting a major 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.
Sq. Enix introduced a enterprise optimization technique in Could 2021, which recommended the necessity to develop new IP titles alongside supporting its main Japanese titles like Ultimate Fantasy and Kingdom Hearts.
The technique didn’t point out the transfer towards blockchain within the presentation. Nonetheless, Sq. Enix revised the medium-term technique in its monetary outcomes briefing to incorporate “considering a sturdy entry into blockchain video games.”
In a press release following the sale of its western IP, Sq. Enix mentioned:
“The transaction permits the launch of recent companies by shifting ahead with investments in fields together with blockchain, AI, and the cloud.”
The contemplation of a transfer into blockchain video games might 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 could 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 house.
The gaming trade has been notoriously immune to using blockchain in video games and the highest gaming information website, Kotaku, sees this transfer no otherwise. John Walker from Kotaku mentioned:
“Corporations are promoting a line of code on what they name a blockchain to repackage the traditional concept of digital asset possession as the subsequent massive funding you need to get in on now whereas the going is sweet.”
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. Nonetheless, a major gaming developer promoting vital IP to deal with blockchain is undoubtedly an enormous second for the way forward for blockchain gaming.
Whether or not the additional IPs Sq. Enix references will come within the type of new blockchain gaming initiatives continues to be unknown, however it’s clear {that a} important video games developer is now extremely bullish on blockchain.
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