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Japan Game Maker Gumi Strikes US$52 Mln Metaverse Deal With Square Enix, SBI

Japan-based game company Gumi Co. Ltd. has announced a capital and business alliance with Square Enix Holdings Co. Ltd. and financial services company SBI Holdings Co. Ltd. to accelerate the growth of its metaverse business as a secondary revenue stream. Earlier this year, Square Enix sold three of its gaming studios, including Tomb Raider, to raise funds for new ventures utilizing blockchain technology. In October, Konami announced 13 new job positions to integrate its game titles with metaverse technologies. (forkast)

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