In the letter, Matsuda said that Square Enix “has multiple blockchain games based on original IP under development, some of which we announced last year, and we hope to announce more titles this year.” We are preparing,” he wrote.
Square Enix has committed significant resources to the NFT project in 2022. announced Noting in a press release that it has sold a number of game studios and franchises to Swedish holding company Embracer Group for $300 million, the deal will advance investments in areas such as blockchain, AI and cloud. This will allow us to launch new businesses.” Massive $500 Billion Crypto Crash that same month.
November, Square Enix clearly “Symbiogenes” received backlash from gamers who expected it to be an NFT game. Resurrection Popular horror series “Parasite Eve”. (Square Enix wasn’t alone: A number of other major game companies have announced plans to incorporate NFTs into their games. lukewarm reaction When controversy.)
regardless of “crypto winterMatsuda expressed optimism about the future of blockchain gaming as cryptocurrency prices fell and big players in the sector went bankrupt. refer to Efforts of the Japanese government To facilitate Web3 Services, NFTs, and the Metaverse.
“Following the excitement and exhilaration surrounding NFTs and the Metaverse in 2021, 2022 was a year of great change in the blockchain-related space,” he wrote. “But if this proves to be a step in the process that leads to rule-making and a more transparent business environment, it would definitely be good for the growth of blockchain entertainment.”
Matsuda also said that Square Enix aims to achieve the company’s goals. March 2022 financial results briefingThis includes investing in blockchain company Animoca Brands, establishing a publishing sector in countries where cryptocurrencies are popular, and branding NFTs.
“The market was driven more by speculative investors than by gamers until 2021,” Matsuda wrote in his New Year’s letter, referring to the crypto market. It was created on the premise that chains and NFTs will lead to monetization.However, in the wake of the above-mentioned turmoil in the cryptocurrency industry, they see blockchain technology as a mere means to achieve their goals, and provide customers with new experiences and excitement. We tend to discuss what we need to do to achieve our objective of providing an industry that we believe is a very beneficial development for the future growth of the industry.”
NFTs and cryptocurrencies as a whole continue to be hotly debated topics.The bankruptcy of the virtual currency exchange FTX and the subsequent arrest of the founder Sam Bankman-Fried It brought intense scrutiny to the industry. Bankman-Fried, FTX co-founder Gary Wang, and former CEO of Alamenda Research (an FTX affiliate) Caroline Ellison have been charged with conspiracy to commit various forms of fraud.One and Ellison plead guiltyBankman-Fried pleaded not guilty. In September, the White House said: Cryptocurrency Creation Can Hold Back A country’s commitment to the Paris Agreement, an international treaty to combat climate change. Mining, minting, and trading cryptocurrencies require enormous amounts of energy. significant carbon footprint.
Some video game developers are adamantly opposed to implementing NFTs in their games. Minecraft developer Mojang Studios announced In July, NFTs and blockchain technology were strictly banned from Minecraft, citing them as exclusive and against the spirit of the game. Game developer Sam Barlow has responded to the news that Square Enix is still working on NFTs. sarcastic tweet: “Now stop acting like it’s 2023, 2022.”
