Square Enix’s 2022 Plans Include Blockchain Games And Token Economies

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Square Enix CEO Yosuke Matsuda penned and published a New Year’s letter connected the authoritative SE website unveiling the company’s aboriginal initiatives. Based connected the medium-term concern strategy that Square Enix announced successful 2020, AI and unreality probe and single-player/multiplayer blockchain games that prioritize token economies proceed to predominate the R&D team’s precedence list.

In his letter, Matsuda stated that 2021 was “Metaverse: Year One” – Facebook changed its sanction to Meta, and important advancements successful extended world tech helped cement the planetary speech astir metaverse-centric concern opportunities. 2021 was also, arsenic Matsuda enactment it, “NFTs: Year One fixed that it was a twelvemonth successful which NFTs were met with a large woody of enthusiasm by a rapidly expanding idiosyncratic base.” So, what does this mean for 2022? 

Square Enix’s “entertainment AI” and unreality projects revolve astir show gains which pb to user accessibility and higher-quality experiences. On the different hand, Matsuda wants Square Enix’s aboriginal blockchain games to “enable self-sustaining crippled growth.” This is expected to alteration the mode players interact with their favourite titles, emphasizing the newfound “play to earn” concept. Matsuda goes into much item below:

“I recognize that immoderate radical who “play to person fun” and who presently signifier the bulk of players person voiced their reservations toward these caller trends, and understandably so. However, I judge that determination volition beryllium a definite fig of radical whose information is to “play to contribute,” by which I mean to assistance marque the crippled much exciting…It is blockchain-based tokens that volition alteration this. By designing viable token economies into our games, we volition alteration self-sustaining crippled growth. It is precisely this benignant of ecosystem that lies astatine the bosom of what I notation to arsenic “decentralized gaming,” and I anticipation that this becomes a large inclination successful gaming going forward.”

This displacement to NFTs and blockchain efforts is evident successful the operations of different publishers and developers astir the globe. For instance, Fable creator Peter Molyneux is creating a “blockchain concern sim,” portion Ubisoft revealed its ain plans to produce blockchain games and NFTs.

With each this successful mind, what are your thoughts connected Square Enix’s displacement to blockchain games and token economies?

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