In 2023 Blockchain Gaming Is Moving From Scammy Cash Grabs To Hardcore Gaming Titles And These Companies Are Leading The Way – Square Enix Holdings (OTC:SQNNY)

Non-fungible tokens (NFTs) have never really found their footing. That’s probably because most of their early days have been filled with offensively bad art, monkey pictures, and constant annoyances related to Elon Musk’s Tweets. Even the biggest and most popular blockchain games in the world were low-quality, pay-to-play gimmicks.

But it seems that some mainstream players are looking to get involved and change this. One of the biggest mainstream players continues to be Square Enix Holdings Co. Ltd. SQNNYthe company behind Final Fantasy, Kingdom Hearts, Dragon Quest and dozens of others.

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The company recently confirmed in its 2023 annual New Year letter that it plans to continue its focus on blockchain-based gaming. It noted that it has several original works and intellectual property (IP) under development for blockchain-based gaming. The company also noted that it wants to focus on titles that are “globally competitive” and uses blockchain as a “means to an end” rather than focusing on “monetization.” The company is likely planning a transition from the gimmicky cash that exists in the industry to a more technology-focused approach using new AAA titles.

Square Enix isn’t the only one looking to bridge the gap between blockchain-based assets and mainstream gaming. In the startup investment world, Gameflip is a marketplace focused on facilitating the trading of in-game assets for both mainstream and blockchain-based games. Like the Counter-Strike: Global Offensive weapon skin market or other secondary markets for game items, Gameflip is building multi-million dollar markets for dozens of games.

Gameflip recently launched an equity crowdfunding campaign so anyone can invest in this high-growth startup for a limited time. The startup has also raised $10 million from venture capitalists and over $635,000 from everyday investors.

In the traditional blockchain world, there are some independent studios that are apparently breaking the cycle as well. Sandboxes and Axie Infinities of the world lack features and are simply boring. Companies need to make games people want to play first, then look to implement blockchain if needed.

Although a number of card games have done this, one of the most anticipated indie blockchain games of 2023 is Illuvium, a blockchain-based version of team battle tactics. This does not guarantee success, but it is a move in the right direction.

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