Gumi, a Tokyo-Japan based gaming company, recently declared a $52 million business deal with Square Enix, along with financial services company SBI holdings Co. Ltd with the aim of generating new opportunities around the metaverse as a secondary source of income.

Great protagonists of the ‘Metaverse’

Like all companies in the gaming space they are tapping into the world of the metaverse. Gumi has also bet on its immense potential, issuing new shares worth $52 million, giving a stake of more than 22% to SBI Holdings and more than 3% to Square Enix.

Gumi is a game development company dedicated to the planning and operations of social games. It was founded in June 2007 by Hironao Kunimitsu. Its operations are in segments such as mobile online gaming, virtual reality (VR) and augmented reality (AR). Have…