Square Enix Inks Spectacular deal with Gumi

Despite naysayers’ doubts, NFTs continue to thrive in the gaming industry and show no signs of stopping.Good example, Japanese game giant square Enix announced a new deal and a $52.7 million investment. gummiesa game development company.

Through this partnership, the two companies will work together to create games around blockchain, the metaverse, and NFTs.

Rise of NFT games

It’s worth noting that Gumi has previously worked with Square Enix on the Final Fantasy Brave Exvius series and plans to leverage more IP to develop these new products. In addition to the potential new games themselves, the two are also eyeing a market dedicated to in-game NFTs.

“We are considering establishing a platform dedicated to blockchain games, an NFT marketplace, etc. Through collaboration between the two companies, we will provide a one-stop service from development and distribution to sales and distribution of blockchain games. Tokens and NFTs ‘ said the press release.

Finally, Square Enix and Gumi are working on a game concept called “wow and Earn” that takes existing popular IP and infuses them with a play-to-earn (P2E) model.

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