The Final Fantasy developer and publisher Square Enix has decided to offload some of its well-known intellectual properties and studios for $300 million in an effort to further finance its developments in cloud, AI and blockchain technologies.

Sold to the continuously growing Embracer Group are the rights to more than 50 games, as well as the following IPs: Tomb Raider, Deus Ex, Thief and Legacy of Kain. Alongside these reputable franchises, the publisher’s renowned studios, Crystal Dynamics, Eidos-Montréal and Square Enix Montréal have also been bought out by the Swedish holding company. The three game developer studios together have a total of around 1100 employees. A part of the statement from Embracer Group states that the “acquisition brings a compelling pipeline of new installments from beloved franchises and original IPs, including a new Tomb Raider game.”

This selloff follows upon Square Enix CEO’s comments in the past couple of months showing increasing interest in blockchain gaming, with this latest move now clearly displaying how serious the Japanese conglomerate’s intentions are in this new field. Some of the remaining IPs they still have under their belt include the flagship Final Fantasy franchise, Kingdom Hearts, Just Cause, Dragon Quest and Life is Strange.

Formerly known as THQ Nordic and Nordic Games before that, the Embracer Group continues its investment spree, having acquired numerous developers such as Borderlands studio Gearbox Software, Duke Nukem developer 3D Realms, critically-acclaimed studio of the Metro franchise 4A Games and more.

The acquisition will likely be completed during Embracer’s Q2 financial year, which is July-September of this year.