Sq. Enix, the creator of Ultimate Fantasy, will double down on blockchain sport growth regardless of the turmoil within the crypto market, in response to 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 summarize the corporate’s key achievements in 2022 and description its plans for 2023. Out of 15 paragraphs, seven handled blockchain gaming, displaying that blockchain gaming is a key focus of the corporate’s future funding technique.
⚔An introduction to SYMBIOGENESIS ①⚔
Beginning at the moment, we start introducing Symbiogenesis, beginning with the idea✨
Symbiogenesis is a brand new franchise from SQUARE ENIX that brings actual sport value ⚔ to 10000 collectable NFT artworks #symgeNFT #NFT pic.twitter.com/1ukBEgOmfv
— SYMBIOGENESIS (@symbiogenesisPR) December 21, 2022
Matsuda defined that “blockchain leisure” is the funding subject his staff will concentrate on essentially the most within the medium time period, to which they’ve devoted “aggressive funding and enterprise growth efforts.”
After summarizing the ups and downs of the crypto market in 2021 and 2022, Matsuda tried to know its decline. He stated new applied sciences usually trigger “confusion” however are finally accepted as a standard a part of on a regular basis life. So when turmoil hits the crypto market, it should not essentially make buyers doubt its potential, he defined, including:
“New applied sciences and frameworks carry innovation, but additionally create vital confusion.”
Matsuda added that any expertise able to weathering “societal tides” will step by step turn out to be a part of individuals’s lives, finally resulting in new companies and development.
“Following the thrill and hilarity that surrounded NFTs and the Metaverse in 2021, 2022 was a 12 months of nice volatility within the blockchain area,” he famous.
“Nevertheless, if this seems to be a step in a course of resulting in the creation of guidelines and a extra clear enterprise setting, it is going to undoubtedly have been for the advantage of the expansion of blockchain leisure.”
It has been an incredible 12 months filled with video games and 2023 seems to be even higher!❄️
This is a message from all of us at Sq. Enix wishing you a Joyful New Yr!
️ https://t.co/C9hdvi1GwZ pic.twitter.com/AOSRXdjizg
— Sq. Enix (@SquareEnix) December 31, 2022
Matsuda ended the letter by noting that Sq. Enix has a number of blockchain video games in growth and can announce extra all through 2023.
Associated: 2023 will see the top of play-to-earn gaming
Sq. Enix has made a number of strikes within the blockchain gaming area all through 2022. In July, it introduced 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) in cellular sport developer Gumi Video games to assist develop cellular play-to-earn titles.
This newest letter implies that regardless of the turmoil of 2022, the corporate has no plans to cut back its investments in area in 2023.