• News
  • Altcoins
  • Blockchain
  • Bitcoin
  • Ethereum
  • Markets
What's Hot

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
Facebook Twitter Instagram
Bit News Today
  • News
  • Altcoins
  • Blockchain
  • Bitcoin
  • Ethereum
  • Markets
Bit News Today
Home»Blockchain»Final Fantasy Creator Makes Major Move into Blockchain Gaming with “Aggressive Investment”
Blockchain

Final Fantasy Creator Makes Major Move into Blockchain Gaming with “Aggressive Investment”

Saheel KhirodkarBy Saheel KhirodkarJanuary 5, 2023Updated:January 5, 2023No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Despite the turmoil in the cryptocurrency market, Final Fantasy developer Square Enix is preparing to double down on blockchain game production, according to a Jan. 1 letter from the Japanese company’s president, Yosuke Matsuda.

The letter, titled “A New Year’s Letter from the President,” sought to summarise the company’s significant achievements in 2022 and outline its goals for 2023. Seven of the 15 paragraphs were on blockchain gaming, indicating that blockchain gaming would be a significant emphasis of the company’s investing strategy in the future.

Matsuda claimed that “blockchain entertainment” is the investment sector on which his team would be most focused in the medium term, and to which they have made “strong investment and company development efforts.”

Matsuda endeavored to make sense of the crypto market’s fall after reviewing its ups and downs in 2021 and 2022. According to him, new technologies frequently generate “confusion,” but eventually become accepted as a regular part of daily life. So, even though the crypto market is volatile, investors should not dismiss its potential, he says, adding:

“New technologies and frameworks lead to innovation, but they also create considerable confusion”

Matsuda went on to say that any technology that can withstand “societal tides” will gradually become a part of people’s lives, giving rise to new enterprises and growth.
“Following the excitement and exhilaration that surrounded NFTs and the metaverse in 2021, 2022 was a year of great volatility in the blockchain-related space”
“However, if this proves to have been a step in a process that leads to the creation of rules and a more transparent business environment, it will definitely have been for the good of the growth of blockchain entertainment.”

Matsuda concluded the letter by adding that Square Enix is working on numerous blockchain games and will be unveiling more in 2023.

Throughout 2022, Square Enix made a number of efforts in the blockchain gaming market. It stated in July that it would release Final Fantasy collectibles on the Enjin platform. It became a node validator on the Oasys blockchain in September. Square Enix invested 7 billion yen ($52.7 million) in mobile game developer Gumi Games in December to assist in the development of mobile play-to-earn products.

Despite the turmoil of 2022, the company’s latest letter suggests that it has no intentions to reduce its spending in the field in 2023.

blockchain blockchain game Blockchain Storage gaming
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Saheel Khirodkar
  • Twitter
  • Pinterest
  • Instagram
  • LinkedIn

Saheel works as a content writer for Bitnewstoday. He has always been interested in journalism and enjoys writing. Furthermore, His interest lies in cryptocurrency, and is continuously seeking for new techniques to invest. In his free time, he enjoys staying up to date on the latest industry news and spending time with his family.

Related Posts

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023

Hive’s Power Play Pays Off: Earns Equivalent of 184 BTC by Curbing Energy Use in December

January 13, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Demo

Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
IMPORTANT LINKS
  • DMCA
  • Editorial Policy
  • Fact-Checking Policy
  • About Us
  • Bitnews Home
  • Contact Us
  • Disclaimer
  • Our Team
  • Privacy Policy
  • Terms & Conditions
  • Write For Us

Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Welcome to BitNewsToday, where we bring you the latest updates and insights on the world of digital currencies. Whether you’re a seasoned crypto trader or just starting to learn about this exciting and rapidly-evolving industry, we’ve got you covered.

Top Insights

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Instagram Pinterest LinkedIn
  • Home
  • About Us
  • Disclaimer
  • DMCA
  • Editorial Policy
  • Fact-Checking Policy
  • Our Team
  • Privacy Policy
  • Terms & Conditions
  • Write For Us
© 2023 BitNewsToday

Type above and press Enter to search. Press Esc to cancel.