The cryptocurrency market may deflate like a bouncy castle for kids, but Square Enix is looking to continue integrating its “profits” into video games. According to the company’s new shareholder report compiled by VGK, Square Enix intends to implement NFT in their development games. Essentially, you want to create an NFT with your own stories.
Yosuke Matsuda, current president of the company, wants cryptocurrencies to be the future of Square Enix. To do this, they are working on what they called “games and entertainment.” blockchainand “story driven” NFT content. This strategy should appear in the near future, and the company proposed it as a medium-term one.
Yes indeed Matsuda was careful enough to keep his major franchises from closing.. During one of the discussions about this new project, the question arose of how this would affect the current sagas. To this, Matsuda replied that “it is too early to think about the transformation dragon quest D last fantasy in blockchain games.
Risky proposal for Square Enix
NFT is not exactly what we expected to see in future gaming innovations. After all, this is a one-sided benefit, with a few exceptions. The beneficiaries are large corporations and investors, while users can use the shiny “only” virtual card/accessory to do nothing at all. Also, apart from the polluting aspects that we face when we talk about the blockchain in general.
Square Enix isn’t the first to bet on NFTs in their games. Ubisoft – yes, no one is surprised – already at the beginning of the year defended the use of non-fungible tokens in video games.
Of course, Ubisoft has drawn the ire of both staff and gamers here, and with good reason. After all, Ghost Recon Breakpoint It was one of the titles that became popular without asking the community. Nonetheless, they were just cosmetic items for a game that wasn’t the brightest gem on the market either.
Square Enix recently announced the sale of major franchises to Embracer Group. Between them tomb Raider, Daewoo Ex D Cain’s Legacy. The company promised that would not use the $300 million proceeds from the sale of the NFT investment. Instead, they will be used to strengthen the company’s position today.
DLC history repeats itself.
Do you remember when DLC first hit the market? Of course yes. Ubisoft was, of course, one of the first to use them in their great games. The anger of the people became palpable at that momentwith forums and magazines talking passionately about why this was such a terrible idea.
It looks like the same is happening with NFTs. Unfortunately, so far we do not have an example demonstrating real benefits compared to previous practice. Other than making your articles truly yours, there is no other argument the big companies have put forward to convince the public.
Of course, it’s better to get used to the panorama, as we already did with the DLC at the time. We’re not the biggest fans of NFTs in video games, but it looks like they’re not going anywhere at the moment… At least until something more profitable for these corporations comes out..
Source: Hiper Textual
