Square Enix reveals blockchain gaming plans for 2022


President of Square Enix,
Yosuke Matsuda recently announced the firm’s ambitions in regard to blockchain
technology while acknowledging concerns with respect to the new trend. The
world's largest gaming company, Square Enix is the creator of Final Fantasy,
Dragon Quest, and Kingdom Hearts.
Matsuda revealed that his
company is considering launching its own cryptocurrency based on blockchain in
the future. In a letter published on the company's website for the new year, he
goes on to say that the token economy will encourage players to engage in
interactive game content, as well as naturally foster variety in games, which
is essential for self-sustaining game growth.
He acknowledged that the
current speculative exchange of NFTs isn't ideal, considering the issue a
short-term problem that will disappear as more NFTs are adopted.
“I realize that some people
who ‘play to have fun’ and who currently form the majority of players have
voiced their reservations toward these new trends, and understandably so,” he
wrote.
He adds, “However, I
believe that there will be a certain number of people whose motivation is to
‘play to contribute,’ by which I mean to help make the game more
exciting."
According to the exec,
offering users an opportunity to earn money from their creations in games could
help revive user-generated content, as there had previously been no incentives
for users.
Previously, Ubisoft
announced in December that it would integrate NFT performance into Ghost Recon:
Breakpoint, the most recent game in the series. Square Enix is therefore the
second major game maker to announce strategies to enter the cryptocurrency
market.
Nevertheless, not every
gamer is for NFT. Cointelegraph reported that the STALKER 2 video game makers
had to completely cancel NFT's integration plan after facing numerous
objections and boycott threats.
Several game companies have
already started selling digital items through NFTs, such as Ubisoft, though some
have been critical of the format's heavy carbon footprint and its
implementation.
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Pavan A
CBW - External Analyst
INDIA