blockchain, AI and cloud investments

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 blockchain, AI and cloud investments

don’t waste time Square Enix. The company has decided to sell several of its most important IPs and studios to Embracer Group, in a move that has been valued at $300 million. Tomb Raider, Deus Ex, Thief and multiple franchises become the property of the Swedish conglomerate.



A decision that has been brewing for a long time and now the Japanese company has shown that it is more than clear in what to invest the money received. In it release in which they detail the transaction, the company points to several fields:



“The transaction will allow to launch new businesses with the investment in the fields of blockchain, artificial intelligence and the cloud”



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Some businesses that do not take us by surprise, really. Yosuke Matsuda, president of Square Enix, already positively valued the possibilities offered by blockchain technology months ago. In fact, the person in charge stated that “we listen to the many user groups that populate it [el espacio blockchain] and we will redouble our efforts to develop business accordingly, with a view to potentially issue our own tokens in the future”.



The investment of the 300 million obtained will also be used to improve the possibilities of publishing works abroad, review the current governance structure and maximize revenue worldwide with each of the titles. On the other hand, Crystal Dynamics will continue to collaborate with The Initiative in the development of Perfect Dark.



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