Square Enix plans to create NFT titles with compelling storylines in the future to entice players.
According to the company’s 2022 AGM Report, Square Enix is currently planning to continue integrating blockchain technology into game development. As revealed in the recent report, the company’s medium-term goals include “developing new game titles and blockchain entertainment products”.
However, when discussing how blockchain will impact the company’s biggest brands, Square Enix President Yosuke Matsuda said: “It’s still too early to consider developing Dragon Quest and Final Fantasy games. blockchain”. Square Enix recently sold off Crystal Dynamics, Eidos Montreal, Square Enix Montreal and a host of big-name IPs including Tomb Raider, Deus Ex, Thief and Legacy of Kain for $300 million to the Embracer team.
When the acquisition was announced, Square Enix said that “the transaction enables the operation of new businesses by continuing to invest in areas including blockchain, AI, and the cloud”. However, during the Japanese publisher’s full-year financial results press conference on May 13, president Yosuke Matsuda said the proceeds from the sale will instead be used to bolster the business. core game projects of the company.
“Rather than using the proceeds from divestments in new investment areas like NFT and blockchain, we plan to use them primarily to fund an effort to promote solid IP and enhance capabilities.” our growth in our core Digital Entertainment segment,” he said.
In a New Year’s letter published during the holiday season last year, Matsuda pledged to include blockchain and NFT games as part of Square Enix’s new portfolio of games.
