Square Enix may investigate NFT and metaverse


President of Square Enix Yosuke Matsuda published a letter for the new year to discuss the company’s future in gaming, and obviously in relation to the NFT and the metaverse. In a move that reflects other companies’ interest in these trends, Matsuda said Square Enix is ​​preparing to look at these emerging technologies.

First, he mentions the concept of the metaverse:

“Metaverse is a hot topic in 2021, inspiring a heated conversation globally first about what a metaverse is and then about the kind of business opportunities it presents. Against that backdrop, Facebook changed its name in October to Meta, as proof that the concept isn’t just a mere buzzword, but is here to stay. “

He continued the same about NFT, then blockchain, and playing for money:

“Ultimately the blockchain game. Whether it’s a single-player game or an online game, games traditionally consist of a one-way flow whereby creators like us make games available to consumers who play them. In contrast, blockchain games, which have been around since their infancy and are now entering a growth phase, are built on the premise of the token economy and therefore have the potential to enable growth. self-sustaining game. The biggest driver of self-sustaining game growth is diversity, both in terms of how people interact with interactive content like games and their motivations for doing so. Advances in the token economy are likely to add momentum to this diversification trend. I see the “play for money” concept that gets people so excited as a good example of this. “

Matsuda seems to be embracing the latest trends and assuring investors that Square Enix will follow them. When it comes to players, this is probably the most telling quote:

“I have noticed that some “play for fun” and those who currently make up the majority of players have expressed reservations about these new trends, and understandably so. However, I believe there will be some people who are motivated by “play to give”, I mean to make the game more interesting. Traditional gaming provides no clear motivation for the latter group of people, who are motivated purely by inconsistent personal emotions such as goodwill and volunteerism. This fact has nothing to do with the limitations of existing UGC (user-generated content). UGC was founded solely out of the desire of individuals to express themselves and not because any obvious motive exists to reward their creative efforts. I see this as one reason that there isn’t as much massive user-generated game-changing content as one would expect. “

The clearest vision he has for these new technologies is to provide greater incentives to the people who will be creating content for the game. Otherwise, it’s a good idea since many games are based on user-generated content that doesn’t offer anything to its creators. However, that doesn’t address the justifiably bad feeling many people have over anything blockchain-related.

Yosuke Matsuda’s letter can be found in its entirety here. Meanwhile, interest in NFTs extends beyond Square Enix, like Ubisoft even launched its own NFT ecosystem recently. Opposition still consistently from many people, though, even if Valve has ignored and won’t allow crypto-related games Sauna. Square Enix may investigate NFT and metaverse

Fry Electronics Team

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