Square Enix collaborates with the Japanese Gumi game company for the development – Bits Media

The large Square Enix game developer and the Japanese financial conglomerate SBI Holdings invested in the new metavselnaya developer of GUMI mobile games.

Japanese company GUMI, specializing in mobile games, announced the conclusion of a business alliance with another Square Enix and one of the largest financial companies in Japan SBI Holdings games. Within the framework of the transaction, GUMI will issue shares in the amount $53 Milln - SBI will receive 22.46% shares will become the largest holder, а Square Enix — 3.01%.

GUMI new investments will direct to the development of metavselnaya. The company said, that funds will help her much faster to develop her products. According to the press release, GUMI developers are actively working on their metavselnaya, to make it the second main source of income in addition to mobile games.

SBI Holding in May acquired a cryptocurrency exchange of Bitpoint almost for $100 Milln - it will serve as a platform, on which Gumi will be able to place the tokens of its future games. The company's management believes, that the placement of tokens on international sites is inconvenient for Japanese users. Square Enix will help Gumi in the development and development of metav.

“The metavselnaya market is expanding, and technology for them is constantly improving. In the future, blockchain games will be popular, and we want to use not only the technical advantages of our metavsa, but also a platform for the sale and exchange of tokens for it ", -The press release says.

Earlier, Square Enix announced the game Symbiogenesis - its first cryptocurrency project since then, as the company practically left traditional gaming. The project will be dedicated to NFT.