Square Enix’s president pins company’s hope on blockchain despite criticism

Yosuke Matsuda, president of Square Enix has expressed great interest in leveraging blockchain to create user-generated content and offer incentives for creators in cryptocurrency. 

Square Enix has developed game titles such as Final Fantasy and Dragon Quest. The company has always expressed great interest in upcoming technologies, and blockchain is currently under its radar. 

SEE ALSO: Elon Musk Hints at Creating a New Open-source Social Media Platform

Yosuke Matsuda’s pushes for autonomous game content

Yosuke Matsuda has given a detailed understanding of how Square Enix will make the most of blockchain in an interview. 

Matsuda said that conventional game development, particularly in the Japanese market is not enough for the company. He added that he is looking to leverage the power of autonomous game content to develop games that will evolve. Besides, he wants to use blockchain technology to provide incentives for user-generated content. 

Matsuda told Yahoo Japan that the company is interested in exploring the possibility of offering ‘autonomous game content.’ He said that until now, the content was provided by the company in almost all games and the players played that content. 

However, the trend is gradually changing. There are multiple players around the world who want to contribute to the development by using advanced technologies including blockchain. 

There is a huge window of opportunity of creating creative and innovative content by using ideas given by users. 

The recent uproar over Matsuda’s views on blockchain and NFT

Matsuda’s comments come shortly after he shared a New Year’s letter which sparked a controversy. 

In the letter, Matsuda expressed that blockchain and NFT technology are likely to become a huge trend in the gaming industry. He also said that these two areas have tremendous growth potential for gaming in 2022, including AI, blockchain, and cloud games. 

These games are primarily developed on the promise of a token economy and thus have the potential to facilitate self-sustaining game growth. 

More about Square Enix

Square Enix is a Japanese video game company that garnered popularity after releasing a bunch of titles including Kingdom Hearts, Dragon Quest, and Final Fantasy. 

Apart from game development, the company is also involved in amusement facilities, manga publications, merchandise, and more.

The company was formed in 2003 after a merger between Enix and Square.

SEE ALSO: German Startup FUEL Raises €1.5 Million Despite Signs of NFT Bubble Burst

Feature Image Source: rawpixel.com

 

Karandeep V

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency.  At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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