Square Enix plans to invest more in blockchain gaming in 2022

One of the universe ‘s best-known gambling companies intends to grow its footprint in the world of blockchain-based bet on this year .
Square Enix president Yosuke Matsuda spent a lot of a January 1st letter discussing what he termed “ decentralized bet on, ” noting that “ I hope this becomes a major tendency in gaming going forward. ”
“ If we refer to the one-way relationship where plot players and bet on providers are linked by games that are finished products as “ centralized gaming ” to contrast it with decentralized gambling, then incorporating decentralized games into our portfolio in addition to centralized games will be a major strategic theme for us starting in 2022, ” he wrote, adding :

“ The basic and elementary technologies to enable blockchain games already exist, and there has been an addition in the social literacy and acceptance of crypto assets in the past few years. We will keep a close center on social shifts in this space while listening to the many groups of users that populate it, and ramp up our efforts to develop a commercial enterprise accordingly, with an eye to potentially issuing our own tokens in the future. ”

Matsuda ‘s letter was n’t precisely a total second of non-fungible tokens or NFTs, as at one point he wrote that “ we do observe examples here and there of overheat trading in NFT-based digital goods with reasonably inquisitive overtones, regardless of the note value of the content provided. ”
“ This, obviously, is not an ideal site, but I expect to see an eventual right-sizing in digital goods deals as they become more commonplace among the general public, with the value of each available content corrected to their true estimated worth, and I look for them to become angstrom familiar as dealings in physical full, ” he continued .
hush, it ‘s a luminary resolution from the bet on companies, best known for its long-running Final Fantasy role-playing game series. Saturday good morning coverage from the gaming urge indicates that some Square Enix fans are less than pleased by the pronouncements, which is possibly unsurprising given recent minus reactions to mainstream game-makers toeing the NFT waters.

Square Enix ‘s beginning public consumption of NFTs took place last spring, when the ship’s company partnered with a blockchain startup called Double Jump Tokyo, as previously reported by Kotaku. That announcement, besides, appeared to spark concerns about Square Enix ‘s steering .
In his letter, Matsuda acknowledged NFTs will continue to be controversial for some players in its customer base.

“ I realize that some people who “ shimmer to have fun ” and who presently form the majority of players have voiced their reservations toward these new trends, and intelligibly so, ” he wrote. “ however, I believe that there will be a certain number of people whose motivation is to “ gambling to contribute, ” by which I mean to help make the game more exciting. ”
As previously reported by The Block, the blockchain bet on segment has drawn luminary VC investments this class, including Forte ‘s $ 750 million fund round off in November .
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, fiscal, or other advice .

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