Square Enix CEO reveals plans for blockchain, metaverse, NFTs

Wider adoption of nonfungible tokens (NFT) and play-to-earn video games could also be on the best way, as one of many world’s largest gaming firms sees them as the way forward for the trade.

Yosuke Matsuda, CEO of Sq. Enix, revealed the corporate’s intentions for blockchain and NFT spheres in his new yr’s message on Saturday. In his letter, Matsuda begins with a dialogue of the metaverse earlier than noting that Fb’s renaming to Meta is proof that the idea isn’t a passing fad. He expects 2022 to be a yr of hype for the metaverse as society begins to slowly embrace digital worlds and their capability to attach people throughout geographical boundaries. 

He thinks that prolonged actuality expertise, the rising use of cloud computing and 5G will all result in the metaverse’s existence. Whereas discussing the idea, Matsuda wrote:

“As this summary idea begins to take concrete form within the type of product and repair choices, I hope that it’ll result in modifications which have a extra substantial impression on our enterprise as properly.”

He goes on equally about NFTs, then blockchain and play-to-earn. Matsuda factors out that 2021 was “yr one” for NFTs and the metaverse, throughout which there was plenty of wild buying and selling that didn’t all the time correspond with market speculations.

Investments in blockchain are nonetheless rising at a fast fee, and among the most adamant in making an attempt to legitimize blockchain expertise have been firms from the gaming enterprise. Sq. Enix initially invested within the metaverse by participating in a $2-million funding spherical for The Sandbox, an Ethereum-based metaverse recreation. Matsuda’s annual letter signifies that the agency is doubling down on a number of creating applied sciences.

Associated: Examine: 58% of online game builders are already utilizing blockchain

Matsuda’s letter seems to be a reaffirmation of Ubisoft’s place that it’ll stay dedicated to its NFT and blockchain ambitions. One other massive title within the gaming trade, Andrew Wilson, CEO of online game firm Digital Arts, agreed that NFTs and play-to-earn video games are the way forward for gaming even though it’s nonetheless early to determine how they’ll operate.