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Square Enix President says he hopes NFTs and blockchain become ‘a major trend’ in games

Many Gaming companies have already started selling digital items as NFTs. Ubisoft launched its NFT experiment a few weeks ago but faced some backlash from Fans and their own Developers.

In a Company Letter from January 1 2022 Square Enix CEO Matsuda is sharing some thoughts on the Subject as well. Whats most interesting is that he said that Square Enix could introduce its own cryptocurrency to power its games.

“I realize that some people who ‘play to have fun’ and who currently form the majority of players have voiced their reservations toward these new trends, and understandably so,” he wrote.

“However, I believe that there will be a certain number of people whose motivation is to ‘play to contribute,’ by which I mean to help make the game more exciting.

“UGC has been brought into being solely because of individuals’ desire for self-expression and not because any explicit incentive existed to reward them for their creative efforts,” he wrote. “I see this as one reason that there haven’t been as many major game-changing content that were user generated as one would expect.

“However, with advances in token economies, users will be provided with explicit incentives, thereby resulting not only in greater consistency in their motivation, but also creating a tangible upside to their creative efforts.

“It is blockchain-based tokens that will enable this. By designing viable token economies into our games, we will enable self-sustaining game growth. It is precisely this sort of ecosystem that lies at the heart of what I refer to as ‘decentralized gaming,’ and I hope that this becomes a major trend in gaming going forward.”

It’s a “major change” for fans according to the publisher

Matsuda said that incorporating “decentralized games” into Square Enix’s games portfolio, in addition to traditional games, will be “a major strategic theme for us starting in 2022.”

He wrote: “The basic and elemental technologies to enable blockchain games already exist, and there has been an increase in the societal literacy and acceptance of crypto assets in the past few years.

“We will keep a close eye on societal shifts in this space while listening to the many groups of users that populate it, and ramp up our efforts to develop a business accordingly, with an eye to potentially issuing our own tokens in the future.”

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