The company behind the Final Fantasy franchise has stated that blockchain games will be a major focus of its future strategy.
Despite the turbulence in the cryptocurrency market, Final Fantasy creator Square Enix is set to double down on blockchain game development, according to a Jan. 1 letter from the Japanese company’s president, Yosuke Matsuda.
The letter, titled “A New Year’s Letter from the President,” sought to summarise the company’s major achievements in 2022 and explain its plans for 2023. Seven of the 15 paragraphs were about blockchain gaming, indicating that blockchain gaming will be a major focus of the company’s investing strategy in the future.
Matsuda stated that “blockchain entertainment” is the investment field that his team will be most focused on in the medium term, and that they have devoted “aggressive investment and business development efforts” to this end.
Matsuda attempted to make sense of the crypto market’s decline after summarising its ups and downs in 2021 and 2022. According to him, new technologies frequently cause “confusion” but eventually become accepted as a normal part of daily life. So, even if the crypto market is volatile, investors should not dismiss its potential, he says, adding, “New technologies and frameworks lead to innovation, but they also create considerable confusion.”
Matsuda went on to say that any technology that can withstand “societal tides” will gradually become a part of people’s lives, giving rise to new businesses and growth.
“2022 was a year of great volatility in the blockchain-related space, following the excitement and exhilaration that surrounded NFTs and the metaverse in 2021,” he noted.
“However, if this proves to be a step in a process that leads to the creation of rules and a more transparent business environment, it will undoubtedly be for the good of blockchain entertainment’s growth.”
Matsuda concluded the letter by stating that Square Enix is working on multiple blockchain games and will be announcing more in 2023.