Square Enix announced its blockchain development plans

The CEO of a gaming company sees new opportunities in NFT and the Metaverse

04.01.2022 - 11:25

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What's new? In a New Year's letter, Square Enix President Yosuke Matsuda announced his plans for development in the field of blockchain, NFT, and the Metaverse. The decentralized blockchain games will be a “major strategic theme” for Square Enix in 2022.

The Square Enix letter

What did Matsuda say about blockchain games? The CEO explained that the games that use blockchain tokens can stimulate the users’ interest as well as a reward for creating content in them. In addition, Matsuda hopes that the concept of metaverses will have a significant impact on Square Enix's approach to games creation.

How does Square Enix treat NFT? Matsuda noted that NFTs have increased the liquidity of digital goods, but remarked that token trading is “somewhat speculative.” Matsuda suggests that as NFTs spread, their prices will adjust. Square Enix previously created a series of NFTs for its Million Arthur franchise, but they were not integrated directly into the game.

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