NFT Amongst Square Enix’s New Year Resolutions For 2022- Header

NFT Amongst Square Enix’s New Year Resolutions For 2022

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Square Enix starts of the new year with the promise of “decentralized games” and NFTs.

In case you were wondering how the Tomb Raider games, the Final Fantasy games or even the Deus Ex games would be looking like, if they were to be partly powered by the blockchain, in a manner so that the players were able to make money from the contributions that they made?


NFT Amongst Square Enix’s New Year Resolutions For 2022- Inner

Well if you indeed were, you mind get to find out about it sooner rather than later. As per the New Year’s Letter from the Square Enix president, Yosuke Matsuda, the company has revealed that it was the company’s new year’s resolution was, starting 2022, to release “decentralized games”.

In Yosuke Matsuda’s letter you will not be able to explicitly find any details on the company’s strategy for this new year. However, it does give the reader quite a good idea about the Matsuda’s optimistic yet cautious tone on the stance. This hesitation is not surprising, seeing how so many companies that had jumped headlong with NFTs had faced such massive whiplash, in the past year.

The letter is quite long and in it, Matsuda discusses the plans the company has for the coming year. However, the part that is relevant to our discussion is, From having fun to earning to contributing, a wide variety of motivations will inspire people to engage with games and connect with one another. It is blockchain-based tokens that will enable this. By designing viable token economies into our games, we will enable self-sustaining game growth. It is precisely this sort of ecosystem that lies at the heart of what I refer to as “decentralized gaming,” and I hope that this becomes a major trend in gaming going forward.

Matsuda elaborates on Square Enix‘s plans for NFTs by stating, “If we refer to the one-way relationship where game players and game providers are linked by games that are finished products as “centralized gaming” to contrast it with decentralized gaming, then incorporating decentralized games into our portfolio in addition to centralized games will be a major strategic theme for us starting in 2022.

Square Enix Announces Plans To Introduce 'Decentralized Games'

In the letter posted by Square Enix, Matsuda also states, “The basic and elemental technologies to enable blockchain games already exist, and there has been an increase in the societal literacy and acceptance of crypto assets in the past few years. We will keep a close eye on societal shifts in this space while listening to the many groups of users that populate it, and ramp up our efforts to develop a business accordingly, with an eye to potentially issuing our own tokens in the future.

It probably helps that Square Enix has yet to name any particular games that might be getting the blockchain/NFT treatment in the coming days. And thus no particular fans or communities have yet to come out in the open, expressing their outrage over the same, which was the case for Ubisoft when it announced NFTs for its Ghost Recon. It was also the reason behind GSC Game World’s decision to retract NFTs for S.T.A.L.K.E.R 2, as well.

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Source: Square Enix

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