Blockchain

Final Fantasy Publisher Locks In $7 Billion USD Deal With Mobile Developer Gumi

To create a blockchain game that realizes ‘Wow and Earn” games.

Blockchain

Final Fantasy Publisher Locks In $7 Billion USD Deal With Mobile Developer Gumi

To create a blockchain game that realizes ‘Wow and Earn” games.

Last week, Square Enix, the publisher of the highly acclaimed Final Fantasy franchise entered into a $7 billion USD deal with Japanese mobile and game developer, Gumi. 

Gumi, who has worked with Square Enix in the past on two games from the Final Fantasy Brave Exvius series, says that the new investment will help make its Metaverse business a “second earnings pillar” in addition to its mobile game business, which serves as its current primary revenue stream. 

“Our group has been distributing the NFT game ‘Brave Frontier Heroes’ so far. In the future, while considering the use of powerful content that everyone recognizes, we will break away from the highly speculative blockchain games of the past and create value while enjoying fun and excitement. We strongly believe that it is necessary for game users all over the world to create a blockchain game that realizes “Wow and Earn,’ the announcement reads.

“Wow and Earn,” refers to games that it intends to build off globally recognized IP that is integrated into blockchain-based P2E game features. 

Since its inception in 2007, Gumi began with the development of SNS for mobile terminals, followed by app development for feature phones and currently, operation of its mainstay mobile online games. 

The announcement also revealed that both Square Enix and Gumi are considering building an NFT marketplace that is dedicated to blockchain games, providing a “one-stop service from the development and distribution of blockchain games to the sale and distribution of tokens and NFTs.”

This week, Sonic the Hedgehog co-creator Yuji Naka and former Square Enix employee Taisuke Sazaki were formally indicted over alleged insider trading allegations that were made earlier this month. 

According to NHK, the Tokyo District Public Prosecutors Office determined that Naka had confidential information that Square Enix had planned to develop a Final Fantasy spin-off, dubbed ‘Final Fantasy VII: The First Soldier,’ with mobile developer ATeam Entertainment. 

With that information, Naka allegedly purchased $834,000 USD of company stock, with the knowledge that the company’s stock value would rapidly rise following the future game’s announcement, while Sazaki also allegedly purchased $787,318 USD of company stock. 

As for whether Naka or Sazaki will stand trial, that remains to be seen, as no additional information is known as of press time. 

In other news, Fidelity trademark teases plans for the metaverse and digital collectibles marketplace.

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