Japanese mobile game company Gumi ・Enix and SBI Holdings will build new business opportunities around the Metaverse. The deal, which also includes the issuance of new shares worth $52.7 million, will allow the company to gain experience in finance and content creation.
Gumi Raises Her $52.7 Million in Metaverse-Led Alliance
More and more game companies are looking to incorporate Metaverse elements into their games. Gumi, a Japanese game company specializing in mobile entertainment, is a partnership between Square Enix, also a Japan-based game developer, and SBI Holdings, one of Japan’s largest financial services companies. announced a capital and business alliance.
The transaction includes the issuance of new shares worth $52.7 million, which will allow SBI Holdings to acquire his 22.46% stake in the company and become its largest shareholder. According to regulatory filings, Square Enix will hold a marginal stake of 3.01% in him.
Gumi has declared that its target is the Metaverse, and that the funds raised will be invested in growing this new Metaverse business “faster than ever.”
This shift to digital immersive entertainment and the metaverse has important implications for the company’s future. In apress releaseexplaining the scope and purpose of the alliance, Gumi said: The mobile online game business, which is the current pillar of earnings.
Through this strategic alliance, Gumi aims to have a platform that lists the tokens it wishes to issue as part of its future gaming strategy. As part of the acquisition that took place in May, SBI Holdings purchased a majority stake in cryptocurrency exchange Bitpoint. Worth approximately $100 million, the deal allows SBI to list tokens issued in games developed by Gumi.
We saw this development as essential as most of them are distributed on international exchanges and are “inconvenient” for domestic users. Similarly, Gumi will issue security his tokens backed by these games to his SBI customers.
Gumi also leverages Square’s Enix experience in developing, distributing and publishing games to propel his games on its own blockchain platform, including the NFT Marketplace. I want to
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