Square Enix President Yosuke Matsuda Says NFT, Metaverse, and Blockchain Are Still Here To Live
Square Enix President Yosuke Matsuda released a New Year’s message reflecting on the past year and the future of the game in 2022, and if his words are anything, the metaverse tag, irreplaceable ( NFT), blockchain game, and digital token-based economies are all 2021 “here to be” buzzwords. Starting with the metaverse, Matsuda said Facebook’s decision to change its name to Meta proves that the metaverse as a concept is “not a mere buzzword”. Matsuda says the metaverse will become more of a commercial product in 2022 and there may be some applicability to Square Enix in the future.
“The reverse will likely see a meaningful transition to the business phase in 2022, with a wide range of services coming to market. As this abstraction begins to take concrete form in terms of providing products and services, I hope it will bring about changes that will have a more significant impact on our business.” Matsuda said.
For NFT, Matsuda said this could become another important business opportunity. Matsuda admits that most “play for fun” gamers don’t really enjoy NFT and metaverses. However, he concludes that NFTs and metaverses are not properly fed to them. Instead, he believes advances in these areas will lead to more motivation for “play for dedication” players, who he claims have little or no incentive to play. to create and contribute beyond personal feelings or self-expression. He also believes that breakthroughs in the token economy and NFT will add a specific incentive for players to create and develop user-generated content (UGC).
He demonstrates the concept of “play for money” as a “good example” of how blockchain game and the “token economy” may one day enable “self-sustaining” growth. “Play for Money” is a term used by many NFT and blockchain based games to advertise how players can buy and sell their NFT assets back and forth.
Matsuda goes on to acknowledge concerns about the “non-ideal situation” of the NFT bubble, fueled by speculative behavior and trading “overheating” behavior that has decoupled from the “observed value” of the NFTs. Content. However, he says he’s confident that “at some point the ‘right sizing’ will happen.”
According to Matsuda, by designing viable token economies into its games, Square Enix can use NFT and blockchain technology to enable what he calls “decentralized gaming.” Entering Square Enix’s portfolio will be a “major strategic theme” for the company in 2022. He also mentioned that Square Enix will “closely monitor societal changes” in the space, listening. users, ramping up business development efforts around the crypto space, and potentially issuing its own crypto tokens.
