{"id":825,"date":"2022-01-03T15:28:12","date_gmt":"2022-01-03T15:28:12","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=825"},"modified":"2022-01-03T15:28:13","modified_gmt":"2022-01-03T15:28:13","slug":"square-enix-starts-the-year-focusing-on-blockchain-games","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=825","title":{"rendered":"Square Enix starts the year focusing on blockchain games"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>In his New Year\u2019s letter, Square Enix President Yosuke Matsuda revealed the company\u2019s plans to focus on incorporating blockchain-based games into its portfolio.<\/p>\n<p>Besides getting behind the blockchain games, the major publisher indicated it is eager to participate in the emerging trends\u2013including Metaverse and NFTs.<\/p>\n<h2><strong>Decentralized gaming<\/strong><\/h2>\n<p>Although Square Enix has not announced any games that incorporate blockchain technology or NFTs yet, the letter revealed the publisher\u2019s plans to explore the idea in 2022.<\/p>\n<p>\u201cBy designing viable token economies into our games, we will enable self-sustaining game growth. It is precisely this sort of ecosystem that lies at the heart of what I refer to as \u201cdecentralized gaming,\u201d and I hope that this becomes a major trend in gaming going forward,\u201d wrote Matsuda in the letter.\u00a0<\/p>\n<p>\u201cIf we refer to the one-way relationship where game players and game providers are linked by games that are finished products as \u201ccentralized gaming\u201d to contrast it with decentralized gaming, then incorporating decentralized games into our portfolio in addition to centralized games will be a major strategic theme for us starting in 2022,\u201d he added.<\/p>\n<p>While he noted that the needed technological infrastructure already exists, Matsuda also pointed out that there has been an \u201cincrease in the societal literacy and acceptance of crypto\u201d during the past years.<\/p>\n<p>\u201cWe will keep a close eye on societal shifts in this space while listening to the many groups of users that populate it, and ramp up our efforts to develop a business accordingly, with an eye to potentially issuing our own tokens in the future,\u201d he announced.<\/p>\n<h2><strong>Metaverse and NFTs<\/strong><\/h2>\n<p>Although Matsuda acknowledged that those who play games for fun have \u201cvoiced their reservations\u201d regarding NFTs, he believes that \u201cthere will be a certain number of people whose motivation is to play to contribute,\u201d adding that \u201ctraditional gaming has offered no explicit incentive to this latter group of people.\u201d<\/p>\n<p>According to him, 2021 was \u201cYear One\u201d for both NFTs and the Metaverse.\u00a0\u00a0<\/p>\n<p>\u201cThe metaverse will likely see a meaningful transition to a business phase in 2022, with a wide range of services appearing on the scene. As this abstract concept begins to take concrete shape in the form of product and service offerings, I am hoping that it will bring about changes that have a more substantial impact on our business as well,\u201d he added.<\/p>\n<p>Matsuda\u2019s letter wasn\u2019t well-received among the gamer community, at least judging by the response on social media.\u00a0\u00a0<\/p>\n<p lang=\"en\" dir=\"ltr\">Square Enix really said &#8220;Happy New Year&#8221; and started to talk about NFTs immediately. Bruhhhhhhh. pic.twitter.com\/CjRvcxFRCv<\/p>\n<p>\u2014 Miraculous Maku (@RedMakuzawa) January 1, 2022<\/p>\n<p> i really hope that the NFT is not going for FF14 from ffxiv<\/p>\n<p>Despite the huge popularity, blockchain-based games witnessed in 2021, the gamer community proved to be a hard nut to crack when it comes to welcoming new trends\u2013with even Edward Snowden criticizing NFTs \u201ccreeping into games\u201d recently.<\/p>\n<p>Ubisoft\u2019s entry into the NFT gaming market didn\u2019t resonate very well, either\u2013after the video game publisher revealed Quartz, a new platform for players to earn, collect, and trade NFTs in the form of so-called \u2018Digits.\u2019<\/p>\n<p>Meanwhile, facing a throng of backlash, Discord pulled back on its Web3 plans and shelved integrating Ethereum and NFTs into the platform.<\/p>\n<p><h2>CryptoSlate Newsletter<\/h2>\n<\/p>\n<p>Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.<\/p>\n<h2>Get an edge on the cryptoasset market<\/h2>\n<p>Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/square-enix-starts-the-year-focusing-on-blockchain-games\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In his New Year\u2019s letter, Square Enix President Yosuke Matsuda revealed the company\u2019s plans to focus on incorporating blockchain-based games into its portfolio. Besides getting behind the blockchain games, the major publisher indicated it is eager to participate in the emerging trends\u2013including Metaverse and NFTs. Decentralized gaming Although Square Enix has not announced any games [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=825"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/825\/revisions"}],"predecessor-version":[{"id":827,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/825\/revisions\/827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/826"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}