Research # 10 : Square Enix Sells Tomb Raider to Fund Blockchain Gaming Ambitions
UpOnly | Research #10: Gaming giant raises $300M from IP sales to pivot to blockchain gaming
Last updated
UpOnly | Research #10: Gaming giant raises $300M from IP sales to pivot to blockchain gaming
Last updated
The past few years have seen several traditional gaming corporations like , Electronic Arts, and embrace blockchain technology. The scope of involvement typically ranges from issuing non-fungible tokens (NFTs) to funding blockchain gaming startups, or announcing blockchain-focused divisions. Amid the increased adoption, Japanese entertainment giant is going all in.
In a recent development, the firm sold off some of its intellectual properties, including the established gaming title Tomb Raider. The $300 million netted from the sale would go into the company’s pivot to blockchain gaming.
This week’s edition of UpOnly | Research reviews the company’s recent involvement with blockchain gaming. We also consider why it is only a matter of time before most gaming companies adopt blockchain in one way or another to improve the experience for gamers.
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