Gumi, a Tokyo-Japan gaming based company, recently declared a business deal of $52 million with Square Enix, along with financial services company SBI holdings Co. Ltd with an aim to build new opportunities around metaverse as a secondary revenue stream.
Big players in ‘Metaverse’
As all companies in the gaming space are tapping into the metaverse world. Gumi has also betted on its immense potential, while issuing new shares worth $52 million, giving a stake of over 22% to SBI Holdings and over 3% to Square Enix.
Gumi is a game development firm which engages in planning and operations of social games. It was founded in June 2007 by Hironao Kunimitsu. Its operations are carried out in segments, such as Mobile online games, virtual reality (VR) and augmented reality (AR). It has created many mobile games, including Brave Exvius, inspired by superb Final Fantasy game series of Square Enix.
According to its official website, Gumi described itself as a pioneer in expanding to new market
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