Square Enix Sells Tomb Raider to Invest More in Blockchain Games

Square Enix Sells Tomb Raider to Invest More in Blockchain Games


Lara Croft is now not a part of the Square Enix household. On Monday the Japanese gaming big introduced it is struck a deal to promote its Crystal Dynamics, Eidos-Montréal and Square Enix Montréal studios to Swedish writer Embracer Group, previously THQ Nordic. The $300 million deal signifies that Square Enix will now not publish Tomb Raider video games, in addition to Deus Ex, Theif and Legacy of Kain titles.

Lara Croft obtained a reboot by developer Crystal Dynamics in 2013’s Tomb Raider, a sport that obtained two sequels in Rise of the Tomb Raider and Shadow of the Tomb Raider. The sequence proved an enormous success, promoting over 35 million copies between them. Meanwhile, Eidos Montréal revived the cult basic Deux Ex with acclaimed titles Deux Ex Human Evolution and Mankind Divided.

It’s not essentially unhealthy information for Croft followers. “The acquisition brings a compelling pipeline of latest installments from beloved franchises and unique IPs, together with a brand new Tomb Raider sport,” reads a press release from Embracer. What occurs to Square Enix-published Marvel video games is an open query: Crystal Dynamics developed The Avengers, and Eidos-Montréal made final 12 months’s Guardians of the Galaxy sport. 

Square Enix mentioned in a press release that the sale works to 2 ends. First, it permits for more money circulate in an more and more risky enterprise atmosphere — presumably a reference to a mix of the pandemic, struggle and inflation. Second, it may well use the cash to put money into “fields together with blockchain, AI, and the cloud.”

On quite a few events, Square Enix has acknowledged its curiosity in harnessing the blockchain for gaming, which suggests integrating cryptocurrency and NFTs into video video games. (In-game gadgets are owned as NFTs, and will be offered for tokens that may in flip be turned again to {dollars}.) In his new 12 months’s letter to traders and prospects, Square Enix’s president, Yosuke Matsuda, acknowledged that the NFT market is “overheated” however wrote that video games that includes token economies can usher in a brand new period of user-generated content material.

Blockchain-powered gaming is already an enormous moneymaker, simply not from conventional gaming firms. Over $40 million has been spent within the final week on NFT sprites for Ragnarok, a browser-based RPG sport that may roll out between May and December, whereas Yuga Labs per week in the past made $320 million promoting land for its upcoming metaverse sport in three hours. 

Traditional gaming audiences reject the concept, although. Ubisoft built-in NFTs into Ghost Recon Breakpoint in December, however the announcement trailer obtained a lot criticism that the corporate took it down from YouTube. Similar blowback precipitated GSM Game World to scrap NFTs in its S.T.A.L.Ok.E.R 2 sport simply 36 hours after revealing plans to combine them.

“I notice that some individuals who ‘play to have enjoyable’ and who presently kind nearly all of gamers have voiced their reservations towards these new tendencies,” Matsuda wrote in January. “However, I imagine that there will probably be a sure variety of folks whose motivation is to ‘play to contribute,’ by which I imply to assist make the sport extra thrilling. Traditional gaming has provided no specific incentive to this latter group of individuals, who have been motivated strictly by such inconsistent private emotions as goodwill and volunteer spirit.”

User-generated content material “has been introduced into being solely due to people’ want for self-expression and never as a result of any specific incentive existed to reward them for his or her artistic efforts… I imagine that this [token economies] will result in extra folks devoting themselves to such efforts and to larger potentialities of video games rising in thrilling methods.” 

The deal will shut between July and September, in line with Square Enix. The firm famous that Just Cause, Outriders and Life Is Strange will stay revealed by Square Enix.


Exit mobile version