Yosuke Matsuda, the President and Representative Director of Japanese game developer Square Enix has ambitious plans involving NFTs and the metaverse.
The pandemic has reshaped social behavior in ways unimaginable. In 2022, the tech giants will continue to push the envelope even further – into the Metaverse. Just like last year, NFTs remain at the helm of the cryptocurrency and blockchain revolution. Square Enix President Yosuke Matsuda, for one, understands that the two sectors are not just mere buzzwords: instead, they are here to stay.
The big news is that Square Enix is strategizing on investing in AI, the cloud, and blockchain games domains. The President stated,“To address these changes in our business environment, the medium-term business strategy that we unveiled in May 2020 identified AI, the cloud, and blockchain games as new domains on which we should focus our investments, and we have subsequently been aggressive in our R&D efforts and investments in those areas.
However, the advent of blockchain has changed this dynamic. Matsuda acknowledged that blockchain games are still in infancy but have the potential to facilitate self-sustaining game growth. This is because consumers can enjoy “explicit incentives” with the advancements in token economies.approach, the gaming sector is likely to see users earning as well as contributing.
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