Despite the stormy weather in the cryptocurrency world, Final Fantasy maker Square Enix is positioned to focus on blockchain-making games, based on a Jan. 1 note from the Japanese chairman of the company, Yosuke Matsuda.
Blockchain Gaming: The Primary Focus
https://twitter.com/SquareEnix/status/1609188423721709568?s=20&t=cNTVDlGpqvhO8OuQ3K2HIQ
The letter, captioned “A New Year’s Letter from the President,” tried to sum up the company’s significant accomplishments in 2022 and illustrate its action plan for 2023. Seven of the 15 passages were all about blockchain gaming, implying that blockchain gaming will be a key focus of the firm’s active investment future investment strategy.
Matsuda’s letter stresses the rising popularity of the phrase Web3, which he defines as “a clearly entrenched talking point among entrepreneurs.” Even so, he also acknowledges business challenges that surfaced in 2022, such as the November breakdown of cryptocurrency exchange FTX and the resultant industry spillover effects.
Matsuda aimed to make perception of the crypto market’s downturn after summing up its peaks and valleys in 2021 and 2022. As per him, technological advances cause similar “ambiguity” but eventually acknowledged as a regular part of everyday life. So, even if there is chaos in the cryptocurrency world, investors should not be hold off by it.
Square Enix and the blockchain gaming are made for each other?
In September 2022, Square Enix became an Oasys blockchain node validator. Throughout 2022, Square Enix has made a number of steps in the blockchain gaming area. It revealed in July that it would be planning to release Final Fantasy collectibles on the Enjin launch pad. It became a node validator on the Oasys blockchain in September. Square Enix made an investment of 7 billion yen ($52.7 million) in mobile gaming company Gumi Games in December to help with the creation of mobile play-to-earn games.
Despite the chaos of 2022, the firm’s recent letter appears to suggest that it has no intentions to decrease its investment opportunities in the space in 2023.
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