Square Enix has announced its new mid-term business plan, reinforcing its blockchain pivot according to the documents presented. The company will continue to invest in key companies in the blockchain arena, including Animoca Brands and The Sandbox, and will also consider other investments in the area. Square Enix recently sold its Western studios for $300 million, but will reportedly not use the funds to pursue these new Web3 investments.
call, the company disclosed plans regarding blockchain and play-to-earn and the investments it will make in this area.As part of its mid-term business strategy, the company reported taking on new domains, meaning that it will be putting funds behind new fields, including what it calls the “blockchain entertainment domain.”Also, Square Enix is taking other, more concrete steps regarding its blockchain pivot.
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Good news, blockchains are coming to the video game industry! We can finally have fun without all the pesky rules and regulations!