Blockchain

Square Enix has revealed their blockchain gaming goals for 2022.

Yosuke Matsuda, president of Square Enix, the game creator behind the famous Final Fantasy, Dragon Quest, and Kingdom Hearts, recently reaffirmed the company’s blockchain objectives while admitting persistent reservations about the new trend.

Square Enix has revealed their blockchain gaming goals for 2022.

The president of Square Enix underlined in a new year’s letter posted on the company website that adding blockchain technology into gaming had “the potential to enable self-sustaining game growth,” based on the idea that each game will have its token economy. 

He said that the token economy would encourage players to interact with interactive game content and organically increase variety in games, which is essential for self-sustaining game growth. Matsuda stated that his organization is considering creating its own blockchain-based coin in the future.

Matsuda also cited NFTs (non-fungible tokens) and the metaverse as key trends for 2021, noting that the company has become more aggressive in allocating investments and R&D in areas such as identified AI, the cloud, and blockchain games — which were designated as the company’s new business domains in 2020.

Matsuda acknowledged that the present speculative trading of NFTs is not ideal but believes that the issue will be resolved when the tokens become more widely used.

Square Enix has revealed their blockchain gaming goals for 2022.

Meanwhile, the company’s president acknowledges that some existing game players who “play for fun” are dubious of these new trends. He wrote:

 “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. Traditional gaming has offered no explicit incentive to this latter group of people, who were motivated strictly by such inconsistent personal feelings as goodwill and volunteer spirit,”

Sega, another prominent Japanese game maker, faced anger from fans of its own invention, Sonic the Hedgehog, after announcing support for NFTs in April last year. Some Sonic the Hedgehog fans pointed out that NFTs might potentially hurt the environment, which contradicts the ecological values of the iconic video game franchise.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

Coincu News

Victor

Recent Posts

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

1 hour ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

3 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

4 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

7 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

10 hours ago

This website uses cookies.