Square Enix will be “most focused” on blockchain in 2023

Square Enix President Yosuke Matsuda has promised that 2023 will be a “major evolution and transformation” as the company shifts its focus to blockchain entertainment.

In 2021, the studio confirmed that it plans to invest in blockchain and NFTs after the successful release of a series of Million Arthur tokens.

In early 2022, Matsuda once again reiterated its intention to explore blockchain, NFT and metaverse based games. Despite negative player feedback, Square Enix’s stock price rose 8%.

However, in June, Matsuda said, “It’s still too early to consider doing dragon quest and Final Fantasy blockchain games.

In his annual New Year’s message, Matsuda confirmed that 2023 will be a year of “major evolution and transformation” with the “most focused” studio on blockchain entertainment.

Crisis Core: Final Fantasy 7 Reunion
Crisis Core: Final Fantasy 7 Reunion. Credit: Square Enix

“We are expanding our functions so that we can make the most of the digital shift that has gained momentum since the outbreak of the pandemic,” Matsuda wrote, before confirming that Square Enix had already “devoted aggressive investments and efforts to business development” in the blockchain.

“Following the excitement and elation that surrounded NFTs and the metaverse in 2021, 2022 has been a year of high volatility in the blockchain-related space,” he continued. “However, if this turns out to have been a step in a process that leads to the creation of rules and a more transparent business environment, it will certainly have been for the good of the growth of blockchain entertainment.”

Following the “turbulence in the cryptocurrency industry,” Matsuda believes people who were only in the space to make a quick buck have moved on.

“There is now a tendency to see blockchain technology as just a means to an end and to discuss what needs to happen to achieve new experiences and excitement for customers,” he said. he writes. “I see this as a very beneficial development for the future growth of the industry.”

Matsuda then confirmed that Square Enix has “several blockchain games based on original IP addresses in development”, some of which have already been announced. “We are making preparations that will allow us to unveil even more titles this year.”

“Blockchain has been an object of elation and a source of turmoil, but with that in the rearview mirror, we hope blockchain gaming will take another stage of growth in 2023,” he added.

Far From The Metaverse, Square Enix Is Preparing To Release Final Fantasy 16with the last of the long series coming in June.

In other news, the remake of System shock announced a 2023 release window, nearly seven years after the project was first announced with a Kickstarter campaign.

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