The creators of the video game series Final Fantasy, Square Enix, have announced their plans for an 'aggressive' investment into NFTs. Despite blockchain and NFTs continuing to decline in popularity amongst the gaming community, the Japanese gaming company is going ahead with its commitment to the technology.
Square Enix President, Yosuke Matsuda, penned a letter on the first of January in which he shared the company's plans and business strategies for 2023. He announced that the company has launched a "Web3 study group" and that they have "multiple blockchain games based on original IPs under development."
This announcement comes after the company unveiled the NFT game Symbiogenesis in November and a multitude of game studios and franchises were bought by the Swedish company, Embracer Group, for $300 million in May. Included in the press release for the latter, it was stated that the transaction would allow for the business to move forward with investments that included blockchain technology and Artificial Intelligence.
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