Square Enix to Deepen Its Blockchain Efforts in 2023 – Several entertainment-based companies throughout the world are integrating blockchain technology into their operations. Square Enix, the Japanese gaming developer known for the Final Fantasy and Dragon Quest series, has stated that it intends to announce games utilizing this technology in 2023. The statements come from a new year’s letter published by Square Enix’s CEO Yosuke Matsuda, who considers 2022 a year in which blockchain tech acquired a bigger significance.
Matsuda explains that last year might have been the year of consolidation for decentralized tech in gaming. He stated: “I think it is fair to say that blockchain gained significant recognition as a field in 2022, as evidenced by ‘Web 3.0’ becoming a firmly established buzzword among businesspeople.” Matsuda recognizes that, while blockchain gaming was indeed at the forefront of the discussion of what makes games fun, most of this discussion was focused more on the monetization side of the tech.
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This is changing, as Matsuda states that the new vision considers blockchain tech as just “a means to an end.” Even with all the problems that arose in the crypto and blockchain ecosystems in 2022, the company is pushing its blockchain-related products to the market this year, with Matsuda believing that blockchain gaming will transition to a new stage of growth in 2023.
On this, he declared: “Our group has multiple blockchain games based on original IPs under development, some of which we announced last year, and we are undertaking preparations that will enable us to unveil even more titles this year.” However, the executive did not offer more details on the new games that might be using blockchain tech this year. The company did announce the launch of NFT-powered Symbiogenesis, an interactive experience, in November.
Matsuda revealed the company’s interest in this area in November 2021, stating that the company’s business strategy includes a “robust entry” into this market. Matsuda has promoted the incorporation of Web3 technology into the entertainment and gaming industries multiple times since then, even investing in other Web3 gaming companies.
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