Gaming And Media Company To Invest In Web3
1Gaming And Media Company To Invest In Web3.
Gaming developer and media company, Square Enix, is set to create a robust ecosystem utilizing blockchain and NFTs across its gaming assets as part of its ongoing business strategy in 2022 and beyond.
The company behind the film and gaming series Final Fantasy recently transferred the assets of its other mainstream franchise, Tomb Raider, to Sweden-based Embracer Group AB for $300 million.
According to its latest earnings report, Square Enix currently has $3 billion in assets under management.
In regards to its web3 plans, the company wants to adopt a stringent regulatory framework to allow for NFTs and its token system to scale across numerous games.
To stay up to date with latest top stories, make sure to subscribe to this YouTube channel by clicking the button above this video!
Also stated in its report was how the developer trialed NFTs on the Shi-San-Sei Million Arthur game earlier this year.
The successful adoption of the NFTs amongst gamers will see a growth in the initiative being rolled out across other games.