Square Enix is now expected to release new NFT titles as its CEO confirms blockchain transition. Here are other details of Matsuda’s latest plan.
Square Enix’s CEO (Chief Executive Officer), Yosuke Matsuda, recently announced the new blockchain plans of the giant game publisher. One of the main goals of this title creator this 2022 is to integrate NFTs (Non-Fungible Tokens) into its upcoming games.
However, Matsuda did not confirm the actual crypto-based games that Square Enix would soon release. In his recent New Year’s letter, the president of the gaming creator “The metaverse was a hot topic in 2021, inspiring a lively global conversation first about what the metaverse is and then about what sort of business opportunities it presents.”
Square Enix’s CEO added that metaverse began to bloom after NFTs became accepted across the globe. He added that the advent of NFTs using blockchain technology significantly increased the liquidity of digital goods, enabling the trading of a variety of such goods at high prices.
Because of this, Square Enix now wants to join the bandwagon of metaverse and NFT markets. Here are other details you need to know.
New NFT Games to Arrive, Matsuda Claims
Square Enix’s CEO explained that they would soon incorporate token economies. Once they do this, they could create a new blockchain-based gaming ecosystem that has self-sustaining features.
But, the president of Square Enix said that he knows that many of their consumers would be skeptical about this crypto innovation. Although this is the case, he is still confident that there are other gamers that want to have a play-to-contribute system.
Right now, various game publishers are already releasing NFT games. Why? Because people now prefer to earn while they play their favorite games. You can see this in the arrival of the now-popular Axie Infinity and other crypto-based titles. This is why experts also believe that Square Enix will soon have its own NFT games.
Blockchain games theoretically provide a direct incentive to those players to build their own content instead of relying on “goodwill and volunteer spirit.” The gaming company’s suggestion is that users would make items in part to earn rewards.
Matsuda didn’t directly announce plans for NFTs in the company’s games. He expected those tokens to become mainstream over time, though and believed the “overheated trading” for them would cool down. Don’t be shocked if you can buy NFTs in the company’s games at some point.
Meanwhile, the gaming company’s CEO shared that the current “lifestyles have changed, and we are learning to coexist with COVID-19. Against that backdrop, I believe that the new technologies and concepts that I have discussed and the changes that they bring to our business environment will provide us with numerous opportunities to enrich people’s lives through digital entertainment, which is at the core of our business.”