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Square Enix Sells $300 Million In IP And Studios To Invest In Blockchain Tech

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Square Enix, the Japanese video game developer behind Final Fantasy, Kingdom Hearts and Dragon Quest has announced a deal with Embracer Group to sell nearly $300 million in IP and gaming studios to the latter.

The funds from the deal will be used to invest heavily in blockchain gaming and other ventures in Web3. The deal will see properties such as Tomb Raider, Deus Ex, Legacy of Kain, and Thief, as well as game studios Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal being sold to the Swedish gaming firm Embracer.


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