Blockchain

Square Enix CEO revealed plans for blockchain, Metaverse and NFT

[ad_1]

Widespread adoption of non-fungible tokens (NFT) and game earning games may be on the horizon, as one of the world’s largest gaming companies sees them as the future of the industry.

Square Enix CEO Yosuke Matsuda disclose In Saturday’s New Year’s message, the company’s intentions for the blockchain and NFT fields.In his letter, Matsuda first discussed the meta universe and then pointed out Facebook is renamed to Meta Proving this concept is not a flash in the pan. He predicts that 2022 will be a year of hype for Metaverse, as society is slowly accepting the virtual world and its ability to connect individuals across geographic boundaries.

He believes that the increasing popularity of extended reality (XR) technology, cloud computing and 5G will all lead to the existence of the meta-universe. When discussing this concept, Matsuda wrote:

“As this abstract concept begins to materialize in the form of products and services, I hope that the changes it brings will also have a more substantial impact on our business.”

He continued to discuss NFT, then blockchain and games to earn revenue. Matsuda pointed out that 2021 is the “first year” of NFT and Metaverse. During this period, there are many crazy transactions that do not always match market speculation.

Investment in blockchain is still growing rapidly, and some of the most determined attempts to legitimize blockchain technology are companies in the gaming industry. Square Enix initially participated in a $2 million in funding The Sandbox round, this is a metaverse game based on Ethereum. Matsuda’s annual letter indicates that the company is doubling down on multiple development technologies.

related: Research: 58% of video game developers are already using blockchain

Matsuda’s letter seems to reiterate Ubisoft’s position that it will continue to work on its NFT/blockchain ambition. Another celebrity in the gaming industry, Andrew Wilson, the CEO of Electronic Arts, a video game company, also agreed NFT and games to earn games It is the future of games, although it is too early to figure out how they will work.