Final Fantasy creator Square Enix has big plans for blockchain games in 2023
- The company behind the Final Fantasy brand has claimed that blockchain gaming will be a key focus of its long-term strategy.
- Square Enix is unaffected by the crypto-bearish trend or player outcry and is preparing for various blockchain-powered games.
Despite the stormy weather in the cryptocurrency world, Final Fantasy maker Square Enix is positioned to focus on games that create blockchains, based on a Jan. 1 memo from the company’s Japanese chairman, Yosuke Matsuda.
Blockchain Gaming: The Primary Focus
It’s been an amazing year of gaming, and 2023 looks even better!❄️
Here’s a message from all of us at Square Enix wishing you a Happy New Year!
— Square Enix (@SquareEnix) 31 December 2022
The letter, captioned “A New Year’s Letter from the President”, sought to summarize the company’s significant achievements in 2022 and illustrate the action plan for 2023. Seven of the 15 passages were about blockchain games, suggesting that blockchain games will be a key focus of the firm’s future investment strategy for active investments .
Matsuda’s letter underscores the growing popularity of the term Web3, which he defines as “a clearly established talking point among entrepreneurs.” Yet he also acknowledges business challenges emerging in 2022, such as the November collapse of cryptocurrency exchange FTX and the resulting industry spillover effects.
Matsuda aimed to get an idea of the crypto market’s decline after summarizing the peaks and troughs of 2021 and 2022. According to him, technological advances cause similar “ambiguity” but eventually recognized as a normal part of everyday life. So even though there is chaos in the cryptocurrency world, investors should not be deterred by it.
Square Enix and blockchain games are made for each other?
In September 2022, Square Enix became an Oasys blockchain node validator. Throughout 2022, Square Enix has made a number of strides in the blockchain gaming space. It revealed in July that it would plan to release Final Fantasy collectibles on the Enjin launch pad. It became a node validator on the Oasys blockchain in September. Square Enix invested 7 billion yen ($52.7 million) in mobile game company Gumi Games in December to help make mobile games to make money.
Despite the chaos of 2022, the firm’s recent letter seems to suggest it has no intention of reducing investment opportunities in the area in 2023.
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