Mobile game developer gumi will receive a $53 million investment from SBI Holdings and Square Enix for the development of blockchain games and investment in Web3 enterprises

ChainCatcher news, according to Nikkei, Japanese mobile game developer gumi has received investments from SBI Holdings and Japanese gaming giant Square Enix Holdings. On January 11, 2023, it will raise 7 billion yen, approximately 53 million dollars, through a third party for these two companies.

Based on voting rights, SBI Holdings holds approximately 22% of gumi's equity, while Square Enix Holdings holds approximately 3%. The raised funds will be used to develop games utilizing blockchain technology and to invest in Web3-related companies. gumi is developing a blockchain game that will allow users to hold and trade in-game items as NFTs. (source link)