Japanese Final Fantasy game publisher Square Enix unveiled its expectations for 2023. The Final Fantasy game publisher has announced its plans to continue investing in blockchain-based games.
Square Enix president Yosuke Matsuda reaffirmed the company’s commitments to Web3.
The video game company’s push toward Web3 began in February last year, when it partnered with The Sandbox to bring Dungeon Siege to the metaverse.
Three months later, Square Enix sold its Western arm and all associated intellectual property rights to Embracer Group for $300 million to focus on blockchain games.
It’s been an amazing year of games and 2023 is looking even better!❄️
Here’s a message from all of us at Square Enix wishing you a Happy New Year!
— Square Enix (@SquareEnix) December 31, 2022
In addition to developing blockchain games, Square Enix also invested in them.
In his New Year’s letter, Matsuda stated that Square Enix is currently more focused on investing in blockchain entertainment, while acknowledging the volatility of the cryptocurrency and NFT markets, as well as the collapse of FTX.
However, he believes that the events that negatively affected the Web3 industry in 2022 would have ultimately been positive for the growth of blockchain entertainment if they had led to regulation and transparency in the Web3 business environment.
Matsuda also mentioned that Square Enix Group is developing several blockchain games based on original IP, some of which were announced last year.
In November, the company unveiled a trailer for its first NFT game, Symbiogenesis, which drew mixed reactions, especially from the Web2 gaming communities, known for their resistance to traditional game companies’ moves toward GameFi. However, he is not daunted.
“We’re making some moves to introduce more titles this year. Blockchain has been the priority and a source of agitation, but after leaving it inside the rearview mirror, we assume that Web3 games will enter a current booming segment in 2023,” Matsuda wrote.
Although its blockchain video games have no longer but materialized, Square Enix has taken active steps in this route. In September, Square Enix partnered with Oasys Gaming to grow to be a node operator of Oasys’ upcoming “inexperienced, proof-of-stake” blockchain.
The company joins a growing list of global game makers who are exploring blockchain, including Bandai Namco Research, Sega, Ubisoft (which has a similar partnership with Tezos), Netmarble, WeMade, and Com2uS.
In July, the main video game developer partnered with Enjin to create NFTs primarily based on its famous recreation, Final Fantasy VII.
Matsuda said that the blockchain and NFT market will be driven more by speculative investors than players until 2022. He added that frontline content was created based on the premise that blockchain and NFTs should lead to monetization.
Japanese Final Fantasy publisher Square Enix unveiled its expectations for 2023. Game publisher Final Fantasy announced its intention to continue investing in blockchain-based games.
Square Enix unveils its roadmap for 2023
On January 1, the Japanese video game publisher released its annual letter with its New Year’s resolutions. In the letter, it announced its intention to continue investing in NFT gaming, claiming that the recent volatility in the cryptocurrency market will eventually boost its gaming plans for 2023.
The publisher of Final Fantasy plans to continue investing in cryptocurrency gaming despite the industry’s brutal slump in 2022. In sharing the company’s roadmap, Yosuke Matsuda, president of Square Enix, noted that:
“Our Group has several blockchain video games based on original IPs in development, a number of that have been added closing yr, and we’re venture preparations so as to allow us to unveil even extra titles this three hundred and sixty five days.”
Square Enix will increase its NFT sport services in 2023
The online game writer first signaled a few hobby in blockchain in early 2019. Since then, Square Enix has made several actions round non-fungible tokens and the metaverse.
In early 2020, Square Enix led a successful $2 million funding round for the metaverse game The Sandbox. A few months later, the corporation entered the metaverse space and released virtual stickers in 2021.
In November 2022, the Final Fantasy company launched a web-based, Ethereum NFT-driven game called Symbiogenesis. The NFT game allows players to buy and sell virtual goods in the metaverse.
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