News JVTech Despite reluctance, this video game giant is betting on blockchain for 2023
While the crypto-gaming sector has followed the downward trend following the fall in the value of Bitcoin and other cryptocurrencies in 2022, some giants in the sector continue to take an interest in it at any cost. This is the case with the colossus of Japanese video games, which wants to invest heavily in blockchain technology in 2023.
Blockchain an investment for this video game giant
Although the crypto-gaming sector has been hit hard by the recent general decline in Bitcoin and other cryptocurrencies, projects continue to emerge that blend video games and the crypto/NFT sector. Despite the resistance of some players, some historical players in traditional gaming are looking at blockchain and NFT possibilities for their video games.
Very favorable to the adoption of these technologies, the Japanese studio Square Enix, originally the famous Final Fantasy video game series, has announced that it wants to continue its “aggressive investment” in blockchain and NFT tokens in the coming year.
The news was announced in a statement by Yosuke Matsuda, CEO of Square Enix, to celebrate the start of the new year. Through it, he indicated the company’s “priority investments”, and it turns out that it will primarily focus on blockchain entertainment.
“We are primarily focused on blockchain entertainment. A sector where we have aggressively allocated large amounts of capital and development efforts. » explains Yosuke Matsuda
As a reminder, blockchain is the technology behind Bitcoin and cryptocurrencies. In games, this can be used to manage in-game transactions, allowing players to securely sell and buy virtual items that they own, for example.
For Matsuda, these Web3 technologies tend to establish themselves in the video game sector. The businessman thus wants Square Enix to be at the forefront of this innovation. According to him, blockchain and its applications will make it possible to create “new forms of entertainment” and “create added value” for players through “an autonomous decentralized model” that can be observed in play-to-play games. Earn e.g.
Square Enix, a pioneer in crypto gaming
In this logic of blockchain adoption, Square Enix is multiplying initiatives. The latter announced that it collaborated with Oasys, a blockchain company specializing in games, with the aim of developing new titles using this technology.
Square Enix also plans to launch its own blockchain-based digital content distribution platform, allowing independent developers to distribute their games without intermediaries.
In addition, Square Enix is already working on new blockchain games to make sustainable use of the technology:
“We are making preparations that will allow us to unveil even more titles this year,” further announces Yosuke Matsuda.
Square Enix is therefore setting the tone with a year 2023 that seems to be under the sign of blockchain. It remains to be seen whether the studio will be able to attract its players to this type of functionality, which is often misunderstood.