The Japanese video game giant Square Enix has invested 7 billion yen ($52.7 million) in game developer Gumi to create “high-quality” mobile games, blockchain games and a Metaverse initiativeamong other things.
According to a translation of the press release, the partnership will help Gumi leverage certain Square Enix intellectual property, and he has also hinted that the duo could team up for a market focused on NFT games..
“We are already considering the creation of a platform dedicated to blockchain games and an NFT marketplace, etc. Through the collaboration between the two companies, we will provide a one-stop service from blockchain game development and distribution to sales and distribution. of tokens and NFTs.”
The company has also outlined plans to work on a number of NFT games that will likely have Metaverse integrations.. The Japanese company has outlined a quirky new term called “Wow and Earn,” which essentially refers to games built from world-famous intellectual properties that integrate with blockchain-based Play-to-Earn (P2E) features.
“In the future, while still considering the use of powerful content that everyone recognizes, we will break away from the highly speculative blockchain games of the past and create value while enjoying fun and excitement. We strongly recognize that there is a need for gamers around the world to create a blockchain game that makes ‘Wow and Earn’ a reality,” the statement reads..
Gumi also stated that it is “working day and night” to develop its business division focused on the Metaverse.as it looks to add another source of revenue outside of mobile gaming.
Gumi has previously worked with Square Enix on a couple of mobile games as part of the Final Fantasy Brave Exvius series, and both companies are partners in the Oasys blockchain gaming project, which is building its own network designed exclusively for P2E gaming.
Beeple outlines the future of NFTs and art
Michael Winkelmann, the highly successful digital artist also known as Beeple, believes that all physical art of the future will one day have an NFT associated with it..
Speaking to the Wall Street Journal on December 23, Beeple suggested that NFTs will greatly help the art industry by providing superior methods of tracking provenance and storing verifiable authentic data..
“I think all paintings will end up having an NFT because it’s a better system than handing over a piece of paper,” he says.:
“If there was a normalization around ‘this is a painting’, you could have all the provenance in the metadata of that NFT. We could have [esos datos sobre] Where was this painting exhibited? Everything is there and can be searched in a database.”
That’s why you think NFTs will end up helping to create a standardized art database that “everyone trusts”.
Pokemon Takes NFT Company to Court
Pokémon Company International has taken an Australian company to court for advertising an unlicensed Pokémon game based on NFTaccording to documents filed with the Federal Court of Australia.
The company in question is called “Pokémon Pty Ltd” and has been advertising an unlicensed “metauniverse” P2E game on Ethereum called Pokeworld..
On his website, also claims to have worked on a large number of official Pokemon games in the past, and also claims to have an official partnership with Pokemon Company International.
However, In court papers, Pokemon IP holders seek to prevent Pokemon Pty Ltd from claiming to have a license, association, or rights to sell Pokemon NFTs.
They have also asked the company to stop the release of the game and to promote it using Pokemon trademarks on its website and on social media..
HSBC brands
The British multinational megabank HSBC has filed virtual trademarks for its name and logo, outlining potential plans for a number of NFTs, blockchain and Metaverse products..
In his presentation, highlighted by licensed trademark attorney Mike Kondoudis via Twitter on December 23, HSBC lists a number of products and services including downloadable NFT virtual goods and files, virtual world compatible debit cards, NFT music and video content files.
The Metaverse seems to be one of the focus of the requestsince it also states that it is studying the possibility of providing financial advice and entertainment services in the Metaverse and other virtual worlds.
#HSBC Has filed trademark applications for its name and logo. The applications indicate plans for:
▶️ Digital media backed by NFTs
▶️ Virtual currency exchange + transfer
▶️ Virtual credit card processing
…and more!#NFTs #Metaverse #Cryptocurrency #Blockchain #Crypto pic.twitter.com/RK1yegoYIh—Mike Kondoudis (@KondoudisLaw) December 23, 2022
#HSBC has filed trademark applications for its name and logo. Applications indicate plans to:
▶️ NFT-backed digital media
▶️ Exchange + virtual currency transfer
▶️ Virtual credit card processing
…and much more #NFTs #Metaverse #Cryptocurrency #Blockchain #Crypto pic.twitter.com/RK1yegoYIh– Mike Kondoudis (@KondoudisLaw) December 23, 2022
Other Nifty News:
According to reports, Hackers linked to North Korea’s Lazarus Group are behind a massive phishing campaign targeting NFT investors, using nearly 500 phishing domains to trick victims.
The NFT OpenSea marketplace has been banning the entry of artists and collectors from Cubadue to US sanctions.
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