Square Enix invests into NFT gaming firm, Beeple speaks on NFT art future and more…

NFT-friendly Japanese gaming giant Square Enix has invested ¥7 billion ($52.7 million) in game developer Gumi to create “high quality” mobile games, blockchain games, the Metaverse initiative and more. I’m here.

Gummi Mobile Game: Gummi

According to a translation of the press release, the partnership could help Gumi tap into certain intellectual property from Square Enix, while the duo could team up for a market focused on gaming NFTs. I’m also alluding to that.

“We are considering establishing a dedicated platform for blockchain games, an NFT marketplace, etc. Through collaboration between the two companies, we will provide a one-stop service from development and distribution to sales and distribution of blockchain games. Tokens and NFTs.”

The company also outlined plans to work on a host of NFT games that will likely be integrated with the Metaverse. The Japanese company has outlined a quirky new term called “Wow and Earn”. This basically refers to games built from world-renowned IP integrated with blockchain-based Play-to-Earn (P2E) capabilities.

“In the future, while 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. Game users around the world. We are keenly aware that we need to create a blockchain game that makes ‘Wow and Earn’ happen,” said the release.

Gumi also said he is “working day and night” to develop a business division focused on the Metaverse as it aims to add another revenue stream outside of mobile games.

Gumi has previously collaborated with Square Enix on several mobile games as part of the Final Fantasy Brave Exvius series, and the two companies are building their own network designed specifically for P2E games on the Oasys blockchain gaming project. Partner.

Beeple outlines the future of NFTs and art

Widely successful digital artist Michael Winkelmann, also known as Beeple, believes that all future physical art will have NFTs attached to it at some point.

In an interview with The Wall Street Journal on Dec. 23, Beeple suggested that NFTs would greatly help the art industry by providing a better way to track provenance and store verifiable authentic data. Did.

“I think all paintings will eventually have an NFT, because it’s a better system than just handing them paper,” he said, adding:

“If we had a standardization of ‘This is a painting’, we could have all the provenance in the metadata of that NFT. You might have [that data on] The place where that painting was displayed. Everything is there and can be searched in the database. “

As such, we believe that NFTs will eventually help build a standardized art database that “everybody can rely on.”

Beeple: The Wall Street Journal

Pokemon sues NFT company

According to documents filed in the Australian Federal Court, Pokémon Company International has sued an Australian company in court for advertising an unauthorized NFT-based Pokémon game.

The company in question is called “Pokémon Pty Ltd” and promotes an unauthorized “meta-universe” P2E game on Ethereum called Pokeworld.

Pokéworld: Pokémon Pty Ltd

The company’s website claims it has worked on hosting official Pokémon games in the past, as well as claiming it has an official partnership with Pokémon Company International.

However, court documents seek to restrain Pokémon Pty Ltd from representing that it holds a license, partnership, or right to sell Pokémon NFTs by Pokémon IP owners.

The company also stopped releasing the game and asked the company to use the Pokémon trademark to promote it on its website and social media.

HSBC Trademarks

British multinational megabank HSBC has applied for a virtual trademark for its name and logo, outlining potential plans for a host of NFT, blockchain and metaverse products.

On Dec. 23, HSBC said in its application, highlighted on Twitter by licensed trademark attorney Mike Kondoudis, that it would offer downloadable NFT virtual goods and files, virtual world-friendly debit cards, and NFT music and video content files. We list numerous products and services including:

Metaverse seems to be getting a lot of attention in the filing as it says it is looking into providing financial advice and entertainment services in Metaverse and other virtual worlds.

Other nifty news:

Hackers associated with the North Korean Lazarus Group are reportedly behind a massive phishing campaign targeting NFT investors.

NFT marketplace OpenSea has banned artists and collectors from Cuba, citing US sanctions as the main reason behind its actions.