- Yosuke Matsuda, president of Square Enix, shared in a letter that the game developer firm will continue its primary focus on blockchain.
- Last year the company released Final Fantasy collectibles on the Enjin platform and in November announced its first original Ethereum-based NFT video game, Symbiogenesis.
- According to the letter, the team will have a significant stake in web3 and blockchain by 2023.
It is no surprise or news to anyone that 2022 was a very tough year for the cryptocurrency market and the industry that surrounds it, however, there are still companies that believe in the potential of this type of digital money and its by-products for what they are willing to continue betting on digital tokens.
One of these companies is Square Enixdeveloper of popular and important video game franchises such as Final Fantasy and Dragon Quest. The video game market consortium recently reaffirmed his plans to focus on developing blockchain games, despite the volatility of the digital asset market and the declines it has suffered.
It should be said that, despite the fact that many companies in the sector have a negative position on the potential of non-fungible tokens within video games, in addition to the fact that the NFT market is not at its best moment, Yosuke Matsuda, President of Square Enix, shared in a January 1 letter that the company will continue its primary focus on blockchainas well as being ready to double down on blockchain-based game development despite market turmoil.
new year letter
In its “new year letter from the president“, the president of the firm recapitulated the main achievements of the company in 2022, in addition to pointing out what are the new horizons for the consortium in 2023.
In the document Matsuda highlights the participation that the firm will have in the web3 and blockchaingiven that, of the 15 paragraphs that make up the document, seven are focused on block chain video games, which makes clear the importance of these titles within the company’s investment strategy in the future.
In addition, Matsuda has a positive outlook on the future of the crypto market, as he noted that it will soon be much more strictly regulated, which will benefit and help all those who are really interested in the technology. And they are not only on the hunt for monetization.
“After the excitement and jubilation that surrounded the NFTs and the metaverse in 2021, 2022 was a year of great volatility in the blockchain-related space. However, if this proves to have been one step in a process leading to the creation of rules and a more transparent business environment, it will definitely have been for the sake of the growth of blockchain entertainment.“, he indicated.
Square Enix and the blockchain
Square Enix’s interest in blockchain was more than demonstrated last year, as the company made a number of moves in the blockchain gaming industry, such as the release of Final Fantasy collectibles on the Enjin platform, becoming the node validator for Oasys, as well as investing $52.7 million in mobile game developer Gumi Games.
Similarly, the company announced last November, its first original video game based on Ethereum NFT, Symbiogenesis, which is scheduled to hit the market this spring. It is a “digital collectible art experience” with narrative elements.
Regarding the theme of the title in question, the consortium tweeted recently that “the game revolves around choosing whether to monopolize or [compartir]” information with other players.
Equally, the firm announced that it will be a strategic advisor for Cross the Ages, a digital collectible card game based on Polygon. It should also be said that the video game developer invested in metaverse game The Sandbox in 2020.
According to Matsuda’s letter, the publisher will also reveal a few more blockchain projects in 2023.
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