Image via Square Enix

2021 marked the mainstream penetration of crypto currencies, leading to the massive growth of NFTs. No affair where you looked, some celebrity or company announced or endorsed an NFT. Video game developers such as Ubisoft even introduced their own crypto currency for utilise in their games. Unfortunately, the overwhelmingly negative backfire hasn't stopped Square Enix from pouring resource into blockchain gaming.

Square Enix President Yosuke Matsuda wrote a New Years postal service discussing the company's thoughts on concepts such as NFTs and blockchain gaming. Matsuda referred to 2022 as "year ane" for both the metaverse and NFTs, stating that he expects them to grow exponentially in the coming years. This growth is going to inform Square Enix's own concern practices. They practise not want to be left behind because Matsuda believes they will 1 twenty-four hours become "as familiar as dealings in physical goods."

The already established Square Enix AI & Arts Alchemy Company is continuing its research and development efforts on blockchain gaming in addition to the cloud and artificial intelligence. This R&D push is going to assist Foursquare Enix with its awarding of the blockchain in the gaming space, potentially leveraging 5G information and the cloud to increment its distribution infrastructure.

With the infrastructure in place to accomplish as many customers as possible across a diversity of devices, the games played on those devices will brand employ of the blockchain in some manner. Co-ordinate to the post, blockchain games "hold the potential to enable self-sustaining game growth." In essence, Square Enix wants more people to proceed returning to their games, effectively ending the traditional idea of a game's lifecycle. Matsuda sees the "play to earn" concept equally an encapsulation this vision.

While he does admit that people volition be put off by this foray into the blockchain, those reservations don't outweigh the potential profits. Matsuda seems to think that the concept of playing for personal reasons has limited the potential of user generated content, in turn reducing the lifecycle of games that would otherwise have lasted longer. Matsuda hopes the visitor's games will provide "explicit incentives" to go along people coming back through token economies, which he refers to as part of a "decentralized gaming" ecosystem.

The post states that Square Enix is closely eyeing shifts in the space, monitoring its adoption rate and user perception. Depending on how things go, the company might fifty-fifty consider issuing its own crypto currencies.