Final Fantasy Creator ‘Aggressively’ Investing In Blockchain Games.
The Japanese company Square Enix, behind some massive games in the industry including the Final Fantasy and Dragon Quest franchises, has announced their plans to hyper-focus on creating blockchain video games.
Interest In Blockchain
For a while now, Square Enix has shown massive interest in diving deeper into the world of Web3 and despite the backlash they received from many members of the general public, the Japanese company has recently made it clear in their latest annual new year’s letter for 2023 that they will remain heavily focusing on developing blockchain games.
Square Enix’s President Yosuke Matsuda wrote in the letter that “blockchain entertainment” will be the investment field that the company will be hyper-focusing towards.
“We are [focused] on blockchain entertainment, to which we have devoted aggressive investment and business development efforts,” Matsuda wrote.
Square Enix has again used its New Year letter to promote its “aggressive” investment into blockchain games, claiming that recent volatility in the market could ultimately benefit its plans.https://t.co/UlEIsNzjS7 pic.twitter.com/QgehRnfBDJ
— VGC (@VGC_News) January 2, 2023
In his letter, President Yosuke Matsuda also acknowledged the concerns that many had regarding the volatility that the blockchain and crypto industry suffered throughout 2021 and 2022. Despite this volatility, Matsuda claims that he views Square Enix’s focus onto Blockchain will help the industry grow as a whole.
“Following the excitement and exhilaration that surrounded NFTs and the metaverse in 2021, 2022 was a year of great volatility in the blockchain-related space. However, if this proves to have been a step in a process that leads to the creation of rules and a more transparent business environment, it will definitely have been for the good of the growth of blockchain entertainment.”
Matsuda also acknowledges that part of the volatility and fall of the blockchain industry this year may have been due to the fact that blockchain is still considered to be a new technology.
“New technologies and frameworks lead to innovation, but they also create considerable confusion,” he wrote. “Having ridden out such societal tides, some such technologies and frameworks gradually become part of people’s lives, eventually giving rise to new businesses and growth.”