Square Enix to invest in blockchain gaming

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Updated January 9, 2023 | Published January 4, 2023

2 mins read

The company’s president has announced his plans to propel blockchain gaming into 2023.

Final Fantasy creator Square Enix has committed to blockchain gaming in the new year.

The Japanese entertainment firm has announced that blockchain games will be a significant focus of its future business strategy.

Square Enix is set to double down on the development of blockchain games amid the current market turbulence, according to a letter from its president Yosuke Matsuda.

The letter titled: “A New Year’s Letter from the President”, stated plans for “major evolution and transformation” in 2023, with “multiple blockchain games based on original IPs under development”.

Matsuda’s letter acknowledges the “scandalous bankruptcy filing of FTX”, as a “sombre string of news stories with blockchain connections”.

“Blockchain has been an object of exhilaration and a source of turmoil, but with that in the rear-view mirror, we hope that blockchain games will transition to a new stage of growth in 2023”, he wrote.

The letter stated that by riding out “social tides” some “technologies and frameworks gradually become part of people’s lives”, which in turn aids innovation in business and growth.

Rather than focusing on environmental changes solely in technological or speculative investment terms, Matsuda stated his aims to keep a “steady eye” on them this year instead.

“As I said in last year's New Year's letter, if we consider traditional gaming to have been centralised, then blockchain gaming must operate based on a self-sustaining decentralised model. It is that concept, that philosophy that I see to be key”, he continued.

Marking the 20th anniversary of the merger between Enix and Square, the company president ends his note stating the company’s plans to drive “businesses forward with the goal of making 2023 a year of major evolution and transformation”.

Although some of the company’s initiatives have already been announced, further plans will be disclosed at a later date.

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Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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