Yosuke Matsuda, president of Square Enix, has revealed that funds generated from the sale of Crystal Dynamics, Eidos Montreal, and Square Enix Montreal to the Embracer Group will no longer be invested in blockchain technology or NFTs. Instead, Square Enix will use the funds to strengthen IP and to improve its “development capabilities”.

Matsuda-san also confirmed that the reason for the sale of Crystal Dynamics, Eidos Montreal, and Square Enix Montreal along with the Tomb RaiderDeus ExThiefLegacy of Kain and other IPs was due to Square Enix’s “reorientation of our portfolio” in which it was decided that the company would focus on increasing its “offering of online titles that we develop for the North American and the European market”.

Square Enix won’t exclusively be focusing on multiplayer titles however it has stressed that multiplayer games are a “key area of interest” and that it wants to develop games that “offer greater scalability and flexibility”, potentially pointing toward more live-service titles like Babylon’s Fall and Final Fantasy XIV.

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