Square Enix verify “multiple” block chain video games in improvement, slightly quieter on NFTs

In last years New Year letter Square Enix President Yosuke Matsuda went all in on blockchain video games, NFT’s, and the metaverse.  “I see 2021 not only as “Metaverse: Year One,” but in addition as “NFTs: Year One” provided that it was a yr through which NFTs have been met with quite a lot of enthusiasm by a quickly increasing person base,” he commented.

We’re nonetheless unsure the place that “great deal of enthusiasm” and “rapidly expanding user base” was and wherever they have been they ran a mile in 2022 with NFTs that had offered for thousands and thousands of {dollars}, such because the NFT of the very first Tweet, up on the market and getting bids of round $6,200.


Unsurprisingly there’s little point out of NFTs on this yr’s Square Enix New 12 months letter and as an alternative the main focus is on blockchain video games of which Square Enix ” has a number of blockchain video games primarily based on unique IPs beneath improvement, a few of which we introduced final yr, and we’re enterprise preparations that may allow us to unveil much more titles this yr. ”

“Looking externally, I think it is fair to say that blockchain gained significant recognition as a field in 2022, as evidenced by “Web 3.0” turning into a firmly established buzzword amongst businesspeople,” writes  Matsuda.

Nonetheless, there clearly has been a shift of considering, the tone of  final yr’s letter was ‘let’s see how a lot cash we are able to make out of individuals through the use of blockchain and NFTs’ whereas this yr’s letter appears to be extra focussed on content material.

“Multiple blockchain gaming events held overseas recently produced more active discussion than ever before about what makes the games exciting and what their user community looks like. The market was driven more by speculative investors than by gamers though 2021. In other words, the content that was at the forefront was created based on the premise that blockchain and NFTs should result in monetization. ”

“However, in the wake of the aforementioned turbulence in the cryptocurrency industry, there is now a trend to view blockchain technology as a mere means to an end and to discuss what needs to happen to achieve the end of delivering new experiences and excitement to customers. I see this as a very beneficial development for the future growth of the industry.”

There’s additionally a video to accompany the letter which features a part from “Creative Business Unit 2 Miyake”, heavens is aware of what his dad and mom have been considering after they named him.

Supply: Square Enix


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