Square Enix Jumps Into Blockchain Game Market! New NFT Games to Arrive
Square Enix’s President Yosuke Matsuda released a letter on Jan. 1 to explain how the giant game publisher will focus on the rising blockchain market.
(Photo : Photo credit should read ROBYN BECK/AFP via Getty Images)
Attendees watch trailers for games from Japanese video game developer Square Enix, at the E3 Electronic Entertainment Expo in Los Angeles, California, June 18, 2015 in Los Angeles, California. E3, an annual trade show for the video game industry presented by the Entertainment Software Association (ESA), draws industry professionals to experience the latest and greatest in interactive entertainment.
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In his letter, he discussed many trends related to tech and gaming. These include metaverse. Matsuda said that the rebranding of Mark Zuckerberg’s company to Meta clearly shows that the 3D virtual world would further grow.
Aside from metaverse, he also discussed how blockchain technology made huge impacts on online trading and the gaming market.
“We do observe examples here and there of overheated trading in NFT-based digital goods with somewhat speculative overtones, regardless of the observed value of the content provided,” said Yosuke via his official Square Enix blog post.
Square Enix Enters Blockchain Market
According to Engadget‘s latest report, the Japanese video game company will invest in decentralized blockchain titles. This simply means that you will see more NFT games from Square Enix.
(Photo : Photo by Tomohiro Ohsumi/Getty Images)
CHIBA, JAPAN – SEPTEMBER 15: Visitors play a video game on Sony Interactive Entertainment Inc. PlayStation 4 game consoles in the Square Enix Co. booth at the Tokyo Game Show 2016 on September 15, 2016 in Chiba, Japan. The Tokyo Game Show 2016 is held from September 15 to September 18, 2016.
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However, he did not directly say that there would be new be NFT games. Square Enix’s president explained that NFTs (Non-Fungible Tokens) are currently mainstream.
But, he believes that the overheated trading of these blockchain-based tokens would soon plummet as months or years go by. Although this is the case, there’s still a chance that you can purchase NFTs in the new games that the company will release in the future.
Square Enix to Invest in Viable Token Economies
Aside from the details mentioned above, Square Enix’s president also explained how they would make blockchain-based titles.
In his latest letter, he explained that they would design viable token economies, which will be integrated into their new titles. He added that it would allow them to have self-sustaining games since players will be on a play-to-contribute system.
“Fortnite” servers recently suffered from a major outage in other news. Meanwhile, “PUBG: Mobile” is now banning cheaters from its platform permanently.
For more news updates about Square Enix and its upcoming NFT titles, always keep your tabs open here at TechTimes.
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Written by: Griffin Davis
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