Square Enix President talks about NFTs, Metaverse and Blockchain Gaming in the New Year's letter-
Square Enix President talks about NFTs, Metaverse and Blockchain Gaming in the New Year's letter-
Yosuke Matsuda, President of Square Enix, a leading game development company, has expressed his opinion on the rise of new technologies and trends such as NFTS, blockchain gaming and the meta-verse concept in the gaming area. Matsuda explains the business strategy around it and describes in detail how Square Enix includes her in her upcoming games.
Square Enix reveals new technology strategy
Yosuke Matsuda, the President of Square Enix, the game company behind millions of franchises such as Final Fantasy, has described the next steps in his plans for the new year in detail when taking new, blockchain-based technologies. In a New Year's letter, Matsuda that these new technologies, including not Fungibler token (NFTS) and the concept of the metavers, increased in the last year and that they will develop into a implementable phase this year.
Matsuda noticed the importance of this for her entire business strategy and explained:
Since this abstract term takes a concrete shape in the form of product and service offers, I hope for changes that also affect our business.
As a result, the President pointed out that the company carried out aggressive research and development efforts (F&E) and investments in areas such as blockchain games and artificial intelligence (AI).
The incentives for decentralized play
Matsuda differentiates between traditional gaming (which he calls "play-for-fun") and the new blockchain gaming, which is called "play-to-earn" (P2E) and offers incentives that have to have some of these games you deserve a token through game actions. This distinguishes centralized games that focuses on a unidirectional data flow (from the creator to consumer) to craft stories, from decentralized playing, in which the user plays a stronger role through the economy created by the token incentives.
This will make it possible to make it possible, these are third parties who modify games to improve them or integrate them more elements, from a pure contribution scheme to get a real money earning through their constructions in the game. Matsuda explains:
from fun to earn to contributions to contributions - a variety of motivations will inspire people to deal with games and connect with each other. They are blockchain-based tokens that enable this. Due to the development of sustainable token economies in our games, we will enable self-supporting game growth.
The inclusion of these new elements in the traditional gambling was added negative so far. GSC Game World, a smaller company, recently had to give up his intention, NFT elements in Stalker 2, an upcoming game, after it was negatively accepted by the public. Ubisoft, another leading developer, was faced with a similar problem than the publication of his NFT marketplace , quartz, received 95 % of the negative reactions on YouTube.
What do you think of the vision of Square Enix about blockchain elements in traditional gaming? Tell us in the comment area below.
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