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Square Enix Intends To Invest Its $300 Million From Embracer In Blockchain, And Other Fields

Square Enix sold three studios and a slew of major IP’s to The Embracer Group for $300 million, it was announced today, and you may be wondering what Square intends to do with its money once the deal closes.

In a press release regarding the sale, Square Enix stated that it will use the sales to move forward with “investments in fields including blockchain, AI, and the cloud”.

The move is part of its strategy to stay up to date, and “adapting to the changes underway in the global business environment”.

Though for some fans, the furthering of investments into blockchain may be disappointing, it shouldn’t at all be surprising. Square Enix president Yosuke Matsuda has been quite vocal about his opinion on blockchain.

It’s a direction that he clearly wants the company to go in, so more investments towards blockchain and NFTs are more likely from the publisher.

However it is still unclear as to how that would take shape.

Source – [Square Enix]