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    Square Enix Sells Iconic Franchise “Tomb Raider” to Develop Blockchain Games

    Cryptory.net - One of the reasons Square Enix ​​selling its studios and iconic franchises is to invest in the blockchain games.

    Square Enix’s Western studios Eidos, Crystal Dynamics, and Square Enix Montreal, as well as the franchises they developed, including Tomb Raider, Deus Ex and Thief, were sold to Swedish publishing group “Embracer” (formerly known as TDQ Nordic) for $300 million. Accordingly, Embracer will have ownership of more than 50 Square Enix’s games, including the iconic “Tomb Raider” franchise.

    Square Enix said the sale of its studios and IPs would establish “a more efficient allocation of resources” and allow them to have more financial resources to invest in blockchain, AI and the cloud. Clearly, Square Enix is ​​showing great interest in the crypto space. This means that future Square Enix games will likely include NFT elements. However, Yosuke Matsuda, the president of the company, after approaching this subject cautiously at the beginning of the year, said that the NFT gaming market is “overheated”.

    Furthermore, the company also needs to consider the response of different types of gamers, those who play for fun and those who play to contribute. Although NFT games are trending now, not all traditional game companies have been able to successfully implement this new feature.

    Square Enix first jumped into the NFT space in March 2021 with the creation of NFTs for “Million Arthur”. The company believes that besides playing games, modern-day gamers have many different needs, and traditional games may not meet all of those requirements. So investing in blockchain can be a right choice for a brighter future.

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