Ultimate Fantasy creator Sq. Enix is about to double down on blockchain sport improvement regardless of turbulence within the crypto market, in keeping with a Jan. 1 letter from the Japanese firm’s president, Yosuke Matsuda.
The letter, titled “A New Yr’s Letter from the President,” aimed to recap the corporate’s main accomplishments in 2022 and clarify its plans for 2023. Out of 15 paragraphs, seven had been about blockchain gaming, displaying that blockchain gaming is a significant focus of the corporate’s investing technique going ahead.
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Matsuda said that “blockchain leisure” is the funding discipline his staff shall be most targeted on within the medium time period, to which they’ve devoted “aggressive funding and enterprise improvement efforts.”
After summarizing the ups and downs of the crypto market in 2021 and 2022, Matsuda sought to make sense of its decline. He mentioned that new applied sciences usually trigger “confusion” however ultimately develop into accepted as a traditional a part of on a regular basis life. So if there’s turmoil within the crypto market, this shouldn’t essentially trigger traders to doubt its potential, he said, including:
“New applied sciences and frameworks result in innovation, however in addition they create appreciable confusion.”
Matsuda added that any expertise that is ready to trip out “societal tides” will progressively develop into a part of folks’s lives and ultimately give rise to new companies and development.
“Following the thrill and exhilaration that surrounded NFTs and the metaverse in 2021, 2022 was a yr of nice volatility within the blockchain-related house,” he famous.
“Nonetheless, if this proves to have been a step in a course of that results in the creation of guidelines and a extra clear enterprise setting, it should undoubtedly have been for the nice of the expansion of blockchain leisure.”
It’s been a tremendous yr of video games and 2023 is trying even higher!❄️
Right here’s a message from all of us at Sq. Enix wishing you a Blissful New Yr!
️ https://t.co/C9hdvi1GwZ pic.twitter.com/AOSRXdjizg
— Sq. Enix (@SquareEnix) December 31, 2022
Matsuda completed off the letter by stating that Sq. Enix has a number of blockchain video games beneath improvement and shall be saying extra over the course of 2023.
Associated: 2023 will see the loss of life of play-to-earn gaming
Sq. Enix made a number of strikes within the blockchain gaming house all through 2022. In July, it introduced that it will launch Ultimate Fantasy collectibles on the Enjin platform. In September, it joined Oasys blockchain as a node validator. In December, Sq. Enix invested 7 billion yen ($52.7 million) into cell sport developer Gumi Video games, to assist develop cell play-to-earn titles.
This current letter implies that the corporate has no plans to decelerate its investments within the house in 2023, regardless of the turbulence of 2022.
