Gumi, a Japanese mobile game company, has partnered with Square Enix and SBI Holdings to create new business opportunities around the metaverse. The deal, which also includes the issuance of new shares valued at $52.7 million, will allow the company to gain financial and content creation expertise.

Gumi raises $52.7 million in Metaverse-Driven Alliance

More and more game companies are looking to include metaverse elements in their games. Gumi, a Japanese game company focused on mobile entertainment, has announced a business and capital alliance with Square Enix, another Japan-based game developer, and SBI Holdings, one of Japan’s largest financial services companies.

The deal includes the issuance of new shares valued at $52.7 million, which will give SBI…