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Investment from Ethereum-Based Gaming Company from the Creator of Final Fantasy and Tomb Raider

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Investment from Ethereum-Based Gaming Company from the Creator of Final Fantasy and Tomb Raider

There has been a long-standing affinity between blockchain technology and the ever-growing, billion-dollar gaming industry. Blockchain represents the potential to disrupt many existing methods, especially when it comes to in-game purchases. However, there is pressure to put games directly on the blockchain.

Now Japanese game giant Square Enix, behind world-famous games like Final Fantasy and Tomb Raider, supports blockchain in the gaming industry, investing in Ethereum-based game developer TSB Gaming.

Animoca Brands, the parent company of TSB Gaming; Announced that $ 2.01 million has been invested from some key organizations, including Square Enix, B Cryptos, Mindfulness Capital, and True Global Ventures.

The investment was made in the form of 83% cash and 17% digital assets. That is to say, SAND tokens and SAFE (the investment that the investor receives futures shares when a futures investment or liquidation event occurs).

“The Sand Box”, TSB is one of the world’s largest independent user-created content and game platforms with -40 million downloads and more than a million active users per month, and it draws a lot of attention in the blockchain area as well as in the gaming industry. The blockchain version of Sandbox is a virtual world built on the Ethereum blockchain to allow players to create and earn their own gaming experiences .

Strategic investor

TSB represents a new type of game that is still in the experimental stage, but pushes the limits of innovation with blockchain technology and also attracts the attention of traditional game giants.

Pixowl and TSB Gaming COO Sebastien Borget explained the importance of the latest investment:

“SANDBOX IS A PIONEER IN BLOCKCHAIN GAMES AND NFTS, AND WE ARE EXCITED TO HAVE SQUARE ENIX WITH US AS A STRATEGIC INVESTOR. IT IS QUITE HAPPY THAT THE CREATORS ARE COMPLETELY DECENTRALIZED AND SUPPORT OUR VISION OF CREATING VARIOUS SYSTEMS THAT PLAYERS CAN PLAY IN THEIR OWN GAMES AND EXCHANGE ASSETS. ”

The introduction of such a game to a new market and its reliance on a new technology is another challenge. For this reason, TSB’s strategic partnership with Square Enix will speed up the adoption of this new style of play.

Yat Siu, co-founder and president of Animoca Brands, said: “We grew up playing amazing games such as Space Invaders, Final Fantasy and Arkanoid, so it is a special privilege and honor for legendary gaming company Square Enix to invest in Sandbox. With the investment of B Cryptos, increment is closer to bringing Sandbox to the Japanese market. ”

Growing interest

The game and blockchain have been collecting for some time now. There are a few examples that push large firms to support the growing playground and move on to the next level without blockchain bias.

For example, often focusing on banking and currency crypto XRP ‘s company behind Ripple , in order to integrate the game blockcha technology has created a fund of $ 100 million. The fund is supervised by Forte, a San Francisco company founded by leading game managers and supported and recommended by the famous names of Silicon Valley, including Andreesen Horowitz, Coinbase Ventures and Battery Ventures.

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