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Sq. Enix CEO Reveals Plans for Blockchain, Metaverse, and NFTs

Wider adoption of non-fungible tokens (NFT) and play-to-earn video games might be on the way in which, as one of many world’s largest gaming firms sees them as the way forward for the business.

Sq. Enix CEO Yosuke Matsuda revealed the corporate’s intentions for blockchain and NFT spheres in his New 12 months’s message on Saturday. In his letter, Matsuda begins a dialogue of the metaverse earlier than noting that the rebranding of Fb to Meta is proof that the idea will not be a passing fad. He anticipates that 2022 will likely be a yr of hype for the Metaverse as society slowly begins to embrace digital worlds and their capability to attach folks throughout geographical boundaries.

He believes that prolonged actuality expertise, the rising use of cloud computing and 5G will result in the existence of the metaverse. Whereas discussing the idea, Matsuda wrote:

“When this summary idea takes on concrete kinds within the type of product and repair affords, I hope for modifications that may even have a stronger affect on our enterprise.”

A New Years letter from the Sq. Enix President talks about new expertise / ideas, together with NFTs, the Metaverse and particularly how blockchain video games “have the potential to allow self-sustaining sport progress” https://t.co/qtdFCvQdeB pic.twitter .com / FOG4S9Hpgb

– Wario64 (@ Wario64) January 1, 2022

He proceeds in an analogous means by way of NFTs, then blockchain and play-to-earn. Matsuda factors out that 2021 was “yr one” for NFTs and the Metaverse, when there was lots of wild commerce that did not all the time match market hypothesis.

Investments in blockchain are nonetheless skyrocketing, and a few of the most persistent makes an attempt to legitimize blockchain expertise have been firms within the gaming enterprise. Sq. Enix first invested within the Metaverse by collaborating in a $ 2 million funding spherical for The Sandbox, an Ethereum-based Metaverse sport. Matsuda’s annual letter signifies that the corporate will likely be doubling down on a number of improvement applied sciences.

Associated: Research: 58% of online game builders are already utilizing blockchain

Matsuda’s letter seems to be a affirmation of Ubisoft’s place that it’ll stay true to its NFT and blockchain ambitions. One other huge title within the sport business, Andrew Wilson, CEO of online game firm Digital Arts, agreed that NFTs and play-to-earn video games are the way forward for gaming, though it’s nonetheless early days to determine how they’ll work.


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