Square Enix Inks Spectacular deal with Gumi

Share This Post

Despite the doubts of naysayers, NFTs have continued to thrive in the gaming sector and show no signs of stopping. Case in point, Japanese gaming giant Square Enix has announced a new deal and a $52.7 million investment in Gumi, a game development company. 

Through the partnership the two companies will work together to create blockchain, Metaverse, and NFT-centered games. 

The Rise of NFT Games

It’s worth noting that Gumi has previously worked with Square Enix on its Final Fantasy Brave Exvius series and will be tapping into more of its IP to develop these new offerings. Besides the new games themselves which might incorporate NFTs, the two are also looking towards a marketplace dedicated to in-game NFTs. 

“We are already considering the establishment of a platform dedicated to blockchain games and an NFT marketplace, etc. Through collaboration between the two companies, we will provide a one-stop service from the development and distribution of blockchain games to the sale and distribution of tokens and NFTs,” a press release says. 

Finally, Square Enix and Gumi are working on a gaming concept called ‘wow and earn’ which leverages existing popular IP and infuses them with the play-to-earn (P2E) model.

Source NFT Plazas


Related Posts

Fraggle Rock NFT Trading Cards Storm onto the Flow Blockchain

In a new partnership with Web3 company, ‘Tibles,’ the...

California DMV Drives NFT Car Titles onto the Blockchain

Though still novel, blockchain is being used more within...

Solana NFT Standard Lines Up a Major Overhaul

Some big changes are reportedly coming to Solana. As...

Love hits the Metaverse in The Sandbox Valentine’s Contest

The season of love is upon us and The...

NFTs Set to Shine as the Blockchain Economy Summit Heads to London

Over in the beating heart of the World’s financial...

Yuga Labs Clears the Murky Waters of its NFT Copyright

Yuga Labs is home to some of the most...
- Advertisement -spot_img