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Square Enix president terms blockchain games as major future trend in video gaming.

Square Enix president, Yosuke Matsuda, said that the company plans to issue its own NFTs in near future. However, there weren’t any details about the release date!

The buzz and craze of blockchain, NFTs, and Play to Earn games haven’t dissipated a bit at the start of the year 2022.

AAA game publisher Square Enix President started off the year with an open letter where a lot of praise and appreciation for NFTs, metaverse, and blockchain-based games.

The open letter from Matsuda addressed fans and persuaded them to embrace the idea of NFTs, and metaverse alike. Previously, the idea wasn’t well-received among the gaming community of Square Enix.

The letter supports the idea once again and said that this new technology isn’t terrible at all. Most of the letter revolved around the support of NFT’s and the future of crypto technology.

The letter had a lot of buzzwords in it and was termed the previous year as the Year One of NFTs. Matsuda also urged gamers to migrate from play for fun to play to earn model.

Moreover, he also urged players to contribute more to the games by adopting ‘play to contribute’.

He said, “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.

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.”

Whatever the case may be, the domain of NFTs, metaverse and crypto technology is more like a Wild West where no rules and regulations assure safety and security.

Many regard the domain as a safe haven for scammers, money-hungry celebrities, and con artists.

However, Square Enix has plans to go further into the waters of metaverse and blockchain technology and wants to join other companies like Ubisoft. But the letter didn’t share any details about the upcoming projects.

One thing is for sure that Square Enix will announce projects soon as Matsuda regards blockchain games as the future of gaming.

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Reinout te Brake

In a career spanning across 20+ years, Reinout te Brake has raised over 100+ Million Euros in Fundraising for a diversity of companies and has worked with several venture capitals firms. Helping gaming companies expand their brand reach, get the right story telling and make an impact on a global scale. Reinout te Brake has had the honor to counsel some of the major gaming companies operating on a global scale. For the last 12 years, he has devoted his major focus towards the niche of gaming consultancy to provide his insight and expertise to help gaming companies reach outstanding financial and business results.