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Square Enix latest company to double down on NFTs and blockchain games

President Matsuda believes they will be major trends in the future

Japanese publishing giant Square Enix has signaled its intention to jump into the blockchain games space.

That’s going by a letter from the company’s president, Yosuke Matsuda, in which he listed non-fungible tokens (NFTs), the metaverse, cloud technology and cryptocurrency as trends that he intended for the company to explore in the future.

Specifically, Matsuda believes that introducing cryptocurrency and NFTs to its games could attract a new audience. He does, however, also note that people who play games to enjoy themselves have concerns about these new trends within the sector.

“I realize that some people who ‘play to have fun’ and who currently form the majority of players have voiced their reservations toward these new trends, and understandably so,” Matsuda said.

“However, I believe that there will be a certain number of people whose motivation is to “play to contribute,” by which I mean to help make the game more exciting. Traditional gaming has offered no explicit incentive to this latter group of people, who were motivated strictly by such inconsistent personal feelings as goodwill and volunteer spirit.”

The Square Enix boss also said that blockchain tech could breathe new life into the user-generated content model as players would be able to make money from their work.

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