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Square Enix has reaffirmed its commitment to blockchain games.
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The company believes that the blockchain game will transition into a new phase of development in 2023.
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Square Enix is the developer behind the Final Fantasy and Dragon Quest franchises.
Square Enix believes in blockchain games
Square Enix President Yosuke Matsuda Reveals At The Company annual new year letter for 2023, that the company believes in the blockchain game. He said that among its new business development efforts, Square Enix is most focused on blockchain-powered gaming.
Matsuda revealed that the company is currently developing various blockchain games based on original IP instead of its existing franchises. He added that Square Enix intends to announce more games in 2023.
Square Enix is also looking at investment opportunities in the blockchain space. Matsuda said that;
,[We] Will continue to make bets in promising businesses whether we find them in Japan or overseas.
The president highlighted the problems facing the crypto and blockchain industry over the past year, including FTX cryptocurrency exchange collapse, he said that;
“Blockchain has been an object of excitement and a source of upheaval. But with it in the rearview mirror, we anticipate that the blockchain game will transition into a new phase of evolution in 2023.
Square Enix Is Getting Popular In The Blockchain Space
Matsuda’s comments come as no surprise, as the company has been increasing its presence in the blockchain space.
it Latest Cryptocurrency News This comes roughly two months after Square Enix announced its first original game built around the Ethereum NFT, called Symbiogenesis.
The game is set to launch in the spring and is a digital collectible art experience combined with a storytelling experience for players.
The company recently announced that it will serve as strategic advisor to Cross the Ages, a digital trading card game built on Polygon. Square Enix also invested in bitcoin gaming startup ZEBEDEE and metaverse project The Sandbox in 2020.
In 2022, Square Enix announced plans to release Final Fantasy NFTs on the Affinity Platform (Enjin’s Polkadot-based NFT platform).