In an open letter, Square Enix CEO Yosuke Matsuda commented on the company’s plans for NFT, Metaverse and Blockchain.
Square Enix CEO Yosuke Matsuda has in one open letter at the turn of the year gave some insights into the plans for the future of the company. Including plans for NFTs, the Metaverse, blockchains and more.
Matsuda assumes that the Metaverse will develop into a commercial product in the course of the year. As a result, the technology may also be of interest to Square Enix in the future:
“The Metaverse is expected to see its transition into a business phase with a wide range of services in 2022. When this abstract concept takes on concrete form in the form of product and service offerings, I hope that it will bring about changes that will also have a greater impact on our business. “
The CEO does not rule out NFTs as a business opportunity for his company. He himself assumes that the non-fungible tokens could achieve immense popularity over time:
“We observe here and there examples of an overheated, somewhat speculative trade in NFT-based digital goods, regardless of the observed value of the content provided. Obviously, this is not an ideal situation, but I do expect an eventual adjustment of rights to be made in digital merchandise transactions as they become more common among the general public. Correcting the value of any available content to its actual estimated value. And I want them to become as common as trading in physical goods. “
With regard to blockchain games, Matsuda is particularly enthusiastic about the possibility of being able to offer self-sustaining game growth:
“Blockchain games, which have now outgrown their infancy and are currently entering a growth phase, are based on the premise of the token system and therefore have the potential to enable self-sustaining growth in games. Most of all, such self-sustaining game growth enables diversity, both in terms of the way people interact with interactive content such as games, and in terms of their motivations for it. Advances in the token system are likely to add further momentum to this trend of diversification. I see the ‘Play to Earn’ concept that people are so excited about as a prime example. “
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