Square Enix have handed most of their western studios over to the Swedish one Embracer Group sold. The deal went for around 300 million US dollars over the table. With the takeover, numerous well-known IPs will also change hands. Highlights include Tomb Raider, deus ex, Thief, Legacy of Kain and many more. In a statement Square Enix now reveal why you made this decision.
Focus on blockchain, AI and cloud
With the sale, the company would like to enter into business areas related to Blockchain, AI and cloud invest. Among other things, were last NFTs at Square Enix a topic that hasn’t gone down too well with fans. Despite the criticism, however, Square President Yosuke Matsuda wants to stick to his plans. Traditional video games are “not enough” anymore, as he reveals in an interview with Yahoo.
Will Square Enix make blockchain games soon?
Yosuke Matsuda’s ideas include, for example Blockchain Title, where players – by the way – can earn cryptocurrency or NFTs. Even starting one own currency cannot be ruled out in this context. However, the sale of the studio shows that Square Enix is actually serious and wants to push this area forward quickly.
Some western brands remain with Square Enix
Even if numerous IPs go to the Embracer Group as a result of the takeover, Square Enix has kept some brands for itself. In detail, these are the IPs of the Square Enix External Studios and Square Enix Collective. These include well-known series such as Life is Strange or Just Cause. Also stay Sleeping Dogs and outriders owned by Square Enix.
Source: VGC
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