The agreement involves Square Enix will give way to Embrace several of its studios with its best-known franchises. Some question whether this will be a good idea, given the fact that the NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. would not be enjoying as much of a boom as it did throughout 2021.
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The Japanese company known for being behind videogame sagas such as Final Fantasy, Dragon Quest, Kingdom Hearts, Tomb Raider y Deus Ex, Square Enix, yesterday completed the sale of several of its associated companies and addresses for $300 million, which it plans to use to invest in the cloud cloud servers are typically located throughout different data centers all over the world. and digital collectibles sector. (NFT).
Square Enix sells studies and will invest investing is when you put money in a financial scheme with the intent of making a gain. capital capital is most commonly defined as the large sum of money you would use to invest. in Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. and the NFT
La noticia la hizo pública el día de ayer el equipo de Square Enix, which released the announcement in an official statement and informed that it sold the studios Crystal Dynamics, Eidos Montreal y Square-Enix Montrea l to the company Embrace, whereby part of the licenses will also become the property of the respective company, including franchises such as Tomb Raider y Deus Ex.
In this regard, the Square Enix he commented:
“The transaction will help the company adapt to changes in a global business environment by establishing a better allocation allocation is the allotment of equity or tokens that may be earned, bought, or reserved for a specific team, group, investor, institution, or another similar entity. of resources, which will help increase the value of the company to accelerate the growth of key businesses in digital digital technologies are these electronic tools that have the ability to generate, store or even process data. entertainment. The transaction will enable the launch of new businesses with investment in fields such as Blockchain, artificial intelligence and cloud.”
Although the news generates certain reactions among enthusiasts and analysts, the truth is that Square Enix has already spoken out in favour of the NFT in the past, stating earlier this year its intentions to have more of a presence in the digital collectibles space. At the time, it was the company’s CEO himself, Yosuke Matsuda, who reported this in a letter where he talked in greater depth about the company’s “decentralized games” and the metaverse.
On the deal in question, the studios and associated intellectual properties will now become part of Embracer Group AB, a Sweden-based company with franchises such as Borderlands, Duke Nukem, Saints Row, Dead Island, TimeSplitters, Darksiders, Metro and many others. The deal is expected to be finalized between July and September of this year.
Is this a good idea?
While Square Enix seems to be very confident in its plans, the question on many fans’ and analysts’ minds is whether this will be one of the best plans the company could pull off, especially given the position it’s been in after certain releases like Avengers y Babylon’s Fall not having the expected results, which adds to the controversy that is already going around the NFT within the gaming sector.
Let’s take into account an account is essentially a whose purpose is to track the financial activities of a specific asset/ that one of the games where this concept could apply is the game of MMORPG, whose main exponent of the company is Final Fantasy XIV . For this case, the Japanese company assured that it had no intention of incorporating any elements NFT on the title at least at the moment, but insiders don’t rule out that this could see changes later precisely because of how lucrative it could be for the title.
Otra preocupación que está sobre la mesa es si este sería el mejor momento para ingresar al mercado de los NFT, especialmente porque para ciertos analistas parece que el sector ha visto un decremento en el interés manifiesto por quienes fueron entusiastas en su momento. Aunque ciertas plataformas registran importantes volúmenes de operaciones en la actualidad, el momento de mayor auge para estos activos fue durante el pasado 2021, donde explotó cierta fiebre por hacerse con coleccionables digitales de gran cantidad de colecciones.
For now we can only wait and see what announcements the Japanese company makes about it.
- Video Game Company Square Enix Has Big Plans for NFT and Metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. in 2022
- Cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Kraken opens waiting list for its next NFT marketplace
- Margaret Atwood, author of “The Handmaid’s Tale,” to explore utopias and turn them into NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). in webinar
Version by Angel Di Matteo / DiarioBitcoin
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