Square Enix Sells Off Tomb Raider and Three Studios to Fund NFT Games
Blog iconJemimaEvansApe
May 6
In briefSquare Enix will sell IP and game studios to Embracer Group for $300 million.The publisher said that the move will aid its pivot into blockchain-based games.Square Enix has been one of the loudest voices in support of blockchain and NFT-based games in the gaming industry, but now the publisher is really putting its money where its mouth is. Today, the Japanese firm announced that it will sell off studios and major properties—including Tomb Raider—to help fund new business moves, inclu...

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