Square Enix Insists on Integrating Blockchain Elements Into Its Games
Square Enix, the Japanese gaming company, is pressing on with its vision of integrating blockchain elements into its games. In a recent interview, president Yosuke Matsuda talked about the importance of user-generated content and the advantages that allowing this kind of development, as well as introducing blockchain-based self-sustained economies, might bring to the future of the gaming industry. Square Enix to Double Down on Blockchain and Autonomous Content
Square Enix is doubling down on its business plan of including blockchain elements in its games in the not-so-distant future. The company, which had already made plans to make a robust entry into the blockchain gaming world, seems to now be interested in using these tools to create self-sustaining economies in gaming worlds.
Yosuke Matsuda, president of Square Enix, reiterated the compromise that he and the company have to deliver some of these experiences in the future in a recent interview given to Yahoo News. To Matsuda, user-generated content is very important, and he insists on rewarding creators of this content directly with some kind of game currency. He stated:
By utilizing technologies such as blockchain instead of relying on good intentions, if incentives are given to those who have contributed to the development, there is a possibility that content with innovative fun will be born from the user’s ideas.
This inclusion of user-generated content would also ostensibly help create games able to thrive outside the hands of the original developers even after original support ends, if there is sufficient interest from third-party creators. Not the First Time
This is not the first time that Matsuda has expressed his take on the future of gaming and cryptocurrency elements. In a new year’s letter in January, Matsuda revealed how he thinks blockchain might change how players and builders can be part of gaming experiences in a more immersive way.
On how to achieve this immersive engagement, Matsuda stated:
It is blockchain-based tokens that will enable this. By designing viable token economies into our games, we will enable self-sustaining game growth.
However, Square Enix has been rather conservative when it comes to designing a game featuring franchises such as Final Fantasy or Kingdom Hearts around blockchain and token mechanics. In fact, Naoki Yoshida, director and producer of Final Fantasy XIV, denied any possibility of including NFTs in the game in February.
Other Japanese companies, such as Sega, have also been ambivalent when it comes to NFTs. While the company announced back in January it might scrap NFT experiments if seen by players as a money grab, it also hinted at their possible inclusion as part of its “Super Game” framework. Tags in this story blockchain element, economies, final fantasy, kingdom hearts, monetization, s monetization, square enix, Tokens, user generated content
What do you think about Square Enix’s take on blockchain in user-generated content monetization? Tell us in the comments section below. Sergio Goschenko
Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Study: Switzerland Has "the Most Profitable Bitcoin Traders" Worldwide, While France "Is the Best Bitcoin Trading Nation" NEWS | 11 hours ago Brazilian Development Bank Sets Deadline for Completion of Blockchain Network NEWS | 23 hours ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleCrypto Exchange Coinbase Launches Web3 Social Marketplace for NFTs in Beta Next article$19.2 Billion in Staked Assets — Liquid Staking Solution Lido Set to Surpass Curve’s TVL Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItBill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto