Square Enix plans to invest more in blockchain games in 2022

One of the world’s best-known game companies intends to expand its footprint in the world of blockchain-based games this year.

Square Enix president Yosuke Matsuda spent much of a January 1 letter discussing what he called “decentralized gaming,” noting that “I hope this becomes a major trend in the game. game in the future “.

“If we refer to the one-way relationship where players and game providers are linked by games that are end products as a ‘centralized game’ to contrast it with decentralized games, then incorporating decentralized games into our portfolio in addition to centralized games will be a major strategic theme for us from 2022 ”, he wrote, adding:

“The basic and elementary technologies to enable blockchain games already exist, and there has been an increase in societal literacy and acceptance of crypto assets over the past few years. We will be keeping a close eye on changes. societal in this space while listening to the many user groups that populate it, and intensify our efforts to develop a business accordingly, with a view to potentially issuing our own tokens in the future. ”

Matsuda’s letter wasn’t exactly a full endorsement of non-fungible tokens or NFTs, as at one point he wrote that “here and there we see examples of overheated trading of NFT-based digital products with overtones somewhat speculative, regardless of the value of the content provided. “

“This is obviously not an ideal situation, but I would expect to see a possible resizing of digital goods offerings as they become more common among the general public, with the value of each available content being corrected to its true. estimated value, and I seek to make them as familiar as the relationship to physical good, “he continued.

Still, that’s a notable statement from game companies, best known for their long line of Final Fantasy role-playing games. Saturday morning gaming press coverage indicates some Square Enix fans are less than happy by the statements, which is perhaps not surprising given the recent backlash from mainstream game makers jumping into NFT waters.

Square Enix’s first public use of NFT has taken place Last spring, when the company partnered with a blockchain startup called Double Jump Tokyo, as previously reported by Kotaku. The announcement also appeared to raise concerns about the direction of Square Enix.

In his letter, Matsuda acknowledged that NFTs will continue to be controversial for some of his clientele.

“I realize that some people who ‘play for fun’ and currently form the majority of players have expressed reservations about these new trends, and that’s understandable,” he said. writing. “However, I think there will be a number of people whose motivation is to ‘play to contribute’, that is, to help make the game more exciting.”

As previously reported by The Block, the blockchain games segment has attracted notable venture capital investments this year, including Forte’s $ 750 million funding round in November.

© 2021 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.


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