In order to develop its “metaverse activity”, Gumi has carried out an equity fundraising in which the famous video game publisher Square Enix and the investment fund SBI Holding are taking part.
Square Enix invests in Gumi for the metaverse
The interest shown by the famous Japanese video game publisher in blockchain and Web3 technologies is no longer a secret. In this logic, Square Enix reaffirms this appetite through a strategic investment in the company Gumito develop its metaverse business.
In order to carry out this operation, the company issued new shares for 7 billion yen, or the equivalent of 52.7 million dollars at the current price. Square Enix will therefore buy said shares alongside SBI Holding, an investment fund present on the stock exchange, already familiar with the blockchain universe too. This agreement will be concluded on January 11.
Gumi’s “metaverse activity” is symbolized by online mobile game development, which are the company’s main source of income. She wishes to emphasize this dimension.
Currently, the company operates the blockchain games “MyCryptoHeroes” and “Brave Frontier Heroes”, among others. Otherwise, Gumi also maintains nodes on blockchains like Klaytn (KLAY) or Theta Network (THETA).
đ To go further â Find our guide on the metaverse
Buy NFTs on Binance
Discover Binance’s NFT Marketplace đ„
Square Enix and the Web3
In 2022, Square Enix will have fully assumed its blockchain shiftalthough it started it earlier, among other things by investing in The Sandbox in 2020. This year, the company has even gone so far as to sell certain franchises like Tomb Raider in order to finance its new activities.
A token creation was also mentioned, although little concrete has been revealed since. Last July, non-fungible tokens (NFT) were unveiled on the occasion of the 25th anniversary of Final Fantasy VII. More recently, in November, a blockchain game called SYMBIOGENESIS was announced for next spring on Ethereum (ETH).
Where some studios may be cautious in this transition, as Mojang Studio did by banning NFTs from Minecraft for example, Square Enix multiplies experiencesplacing his pawns slowly but surely.
đ Also in the news â New auction scam threatens NFT holders
Progress in the world of cryptocurrencies with Cryptoast experts đ
Source: Press release
Newsletter đ
Receive a summary of crypto news every Monday by email đ
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
414 items
