Square Enix Game Publisher Will Focus On Blockchain Games

Major game publisher Square Enix will focus on blockchain technology and NFTs this year as the president Yosuke Matsuda revealed the new plans to focus on bringing blockchain games to the users so let’s read more in today’s blockchain news.

Besides getting on board with the blockchain games, the major publisher Square Enix indicated that it is eager to participate in the metaverse and NFTs sector as well. Although the game publisher didn’t announce any games that will incorporate blockchain technology or NFTs, the letter revealed that there are plans to explore this idea in 2022. Matsuda wrote:

“By designing viable token economies into our games, we will enable self-sustaining game growth. It is precisely this sort of ecosystem that lies at the heart of what I refer to as “decentralized gaming,” and I hope that this becomes a major trend in gaming going forward. If we refer to the one-way relationship where game players and game providers are linked by games that are finished products as “centralized gaming” to contrast it with decentralized gaming, then incorporating decentralized games into our portfolio in addition to centralized games will be a major strategic theme for us starting in 2022.”

https://twitter.com/RedMakuzawa/status/1477121873821384707

While he noted that the technological infrastructure is already there, Matsuda pointed out that there has been an increase in societal literacy and the adoption of crypto in the past few years:

“We will keep a close eye on societal shifts in this space while listening to the many groups of users that populate it, and ramp up our efforts to develop a business accordingly, with an eye to potentially issuing our own tokens in the future.”

Yosuke Matsuda noted that those who play games for fun already showed their reservations about NFTs and he thinks that there will be a certain number of people that will be motivated to play to contribute as traditional gaming already offered no explicit incentive for players. He added:

“The metaverse will likely see a meaningful transition to a business phase in 2022, with a wide range of services appearing on the scene. As this abstract concept begins to take concrete shape in the form of product and service offerings, I am hoping that it will bring about changes that have a more substantial impact on our business as well.”

NieR games may be set thousands of years apart, but they’re more connected than you might expect! Find out how: https://t.co/Xw25LKcgQh pic.twitter.com/QtJxBJSDnK

— Square Enix (@SquareEnix) December 30, 2021

Matsuda’s letter was not really well-recieved among the gamer community according to the response on social media. Despite being popular, the blockchain-based games were a hard nut to crack when it comes to welcoming new trends like NFTs. Ubisoft’s foray into NFT didn’t resonate well either after revealing the Quartz platform. In the meantime, Discord pulled back on its Web3 plans and shelved integrating NFTs and ETH into its platform.