According to the latest earnings report Square Enix, the Japanese game development company is doing well. $3 billion in assets under management May 3 Square Enix sold the franchise tomb raider for $ 300 million
As for the report, it states that Square Enix piloted an NFT in Shi-San-Sei Million Arthur starting in February of this year. The success of the pilot will inevitably lead to a second season of the NFT game and eventually allow the company to continue its NFT and blockchain activities.
Top Blockchain Priorities SE is to set clear guidelines for blockchain games, and address the scalability issue in the NFT economy by considering setting up a corporate venture arm.
SE already working with a venture capital company Animoca Brands, which as we know deals with Web3 games and metaverses. Cooperation is expected to expand as SE will delve into the ecosystem. Animoca chairman Yat Siu believes that the impact Square Enix in games should greatly help them gain a foothold in blockchain games.
The hype around NFT games and Web3 does not subside throughout 2022, despite the overall strong decline in the crypto market. Dapprader showed us that on Saturday there were about 1 million active players per day, which is almost the same as on January 1st.
However, it is worth noting that gamers are no longer buying as willingly and not as much as they used to be, as the total sales of NFT gaming items fell by 88%.
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