Square Enix President Wants to Focus on Blockchain Games in 2023, Here's the Explanation

Illustration of blockchain games that continue to develop. (photo: dock. Pixabay)

JAKARTA – Final Fantasy game maker Square Enix is ​​gearing up to double down on blockchain game development despite the turmoil in the crypto market. This is known from a letter from the company president, Yosuke Matsuda, on January 1.

The letter, titled “New Year's Letter from the President,” aims to summarize the company's major achievements in 2022 and outline its plans for 2023. Of the 15 paragraphs, seven are about blockchain games, indicating that blockchain games are a key focus of investment strategy. the company going forward.

Matsuda stated that “blockchain entertainment” is the area of ​​investment that his team is most focused on in the medium term, where they have devoted “aggressive investment and business development efforts.”

After summarizing the ups and downs of the crypto market between 2021 and 2022, Matsuda seeks to make sense of the market's recent downturn. He says that new technologies often create "confusion" but are eventually accepted as a normal part of everyday life. So if there is turmoil in the crypto market, this should not cause investors to doubt its potential.

“New technologies and frameworks lead to innovation, but also create a lot of confusion,” said Matsuda, as quoted by Cointelegraph.

Matsuda added that any technology that is able to overcome the "social wave" will gradually become a part of people's lives and eventually give rise to new businesses and growth.

“Following the excitement and excitement surrounding NFTs and the metaverse in 2021, 2022 is a year of great volatility in the blockchain-related space,” he stated. "However, if this proves to be a step in the process leading to the creation of a more transparent regulatory and business environment, it will surely be in the best interest of the growth of blockchain entertainment."