The company behind the famous Final Fantasy video game revealed that NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). and “decentralized video games” are part of its strategy for 2022; but fans aren’t too happy.
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Square Enix one of the world’s largest video game companies, intends to expand its presence in the gaming space. Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. is 2022.
Apparently, the Japanese company Square Enix known for its successful brands of video games such as Final Fantasy , Dragon Quest and the action saga RPG Kingdom Hearts is thinking of adopting the tokens (NFTs) and dabbling in the metaverse as key developments for the future of the gaming sphere.
Decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. Games’ are part of 2022 strategy
The CEO of Square Enix Yosuke Matsuda, revealed the company’s intentions at a carta in which he spoke at length about the “ decentralised games “. Published on Saturday, January 1st, the letter begins by highlighting how the metaverse has become a “metaverse”. candent theme “The social media giant’s name change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. announcement to Meta in 2021 sparked a lot of attention.
However, beyond the strategy of Facebook Matsuda believes that this trend was also driven by advances in technologies such as Blockchain and augmented reality. In this sense, he anticipated in his letter that 2022 will see a growth of this trend.
Some users of the gamers shared the letter via Twitter.
a New Year’s letter from the Square Enix president talks about new tech/concepts including NFTs, the metaverse, and particularly how blockchain games “hold the potential to enable self-sustaining game growth” https://t.co/qtdFCvQdeB pic.twitter.com/FOG4S9Hpgb
— Wario64 (@Wario64) January 1, 2022
El metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. will move to a ” commercial phase “in which new products and services will emerge. that will profoundly impact the video game industry, he reckoned. “ As this abstract abstract is something that exists in thought as an idea. concept begins to take concrete form in the form of product and service offerings, I expect it to generate changes that will also have a more substantial impact on our business.” he said, and continued:
The addition of decentralised games to our portfolio, in addition to centralised games, will be an important strategic theme for us from 2022 onwards. .
“ The basic and elementary technologies to enable Blockchain plays already exist, and there has been an increase in social literacy and acceptance of crypto assets in recent years. We will be keeping an eye on the social changes in this space as we listen to the many user groups that populate it, and redouble our efforts to develop a business accordingly, with a view to potentially issuing our own tokens in the future. “Matsuda added.
Square Enix optimistic about NFTs
The executive director of Square Enix continued similarly with NFTs, saying it had been another term that enjoyed a lot of popularity in 2021. “ I see 2021 not only as “Metaverse: Year One”, but also as “NFT: Year One”, given that it was a year in which the NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. was received with great enthusiasm by a rapidly expanding user base. “he wrote.
However, Matsuda was cautious about mentioning NFTs, a development he did not fully endorse because of its speculative dynamics. “ We observe examples here and there of overheated trading of NFT-based digital digital technologies are these electronic tools that have the ability to generate, store or even process data. products with somewhat speculative overtones, regardless of the observed value of the content provided. “, sostuvo.
Despite this view, the CEO was generally optimistic about the collectibles space, which he predicts will correct itself as more people adopt NFTs across the board.
“ Obviously, this is not an ideal situation, but I expect to see an eventual right fit in digital goods offerings as they become more common among the general public, with the value of each available content corrected to its actual estimated value, and I look for them to become as familiar as the deal with the physical good “he added in that vein.
Users are not so excited
Los gamers and fans of the video game brands from Square Enix did not receive the news of NFT incursion with too much enthusiasm. According to some media coverage, users expressed their disapproval of the game company’s statement. Many unfavorable comments about Matsuda’s letter can also be found on social media.
The reactions from video game enthusiasts follow a broader negative reception from other game companies that have dabbled in NFT in recent months. Forbes points out in this connection that STALKER 2, from the company GSC Games The NFT, was recently forced to cancel an NFT strategy due to fan backlash.
In fact, Matsuda acknowledged in his letter that NFTs are still controversial for some players in his customer base, and are likely to remain so for some time to come.
“ I realize that some people who “play for fun” and who currently make up the majority of gamers have expressed reservations about these new trends, and understandably so. “he wrote. “ However, I think there will be a number of people whose motivation is to “play to contribute”, by which I mean to help make the game more exciting. “.
Square Enix took its first step into NFT last year after partnering with the startup of Blockchain , Double Jump . It also invested in the metaverse by participating in a ronda de financing of USD$ 2 million para The Sandbox a metaverse game based on Ethereum a decentralized open-source blockchain with smart contracts functionality. . The company’s most recent statements suggest that it will continue to actively explore these sectors.
Meanwhile, other major companies in the video game industry, such as Ubisoft have already announced their commitments to the NFTs.
- Ubisoft introduces Quartz: to introduce Tezos-based NFTs in its most popular games
- Study reveals more than half of game developers already exploring possible uses for Blockchain
- Microsoft to use Ethereum-based Blockchain technology to streamline video game royalty payments
Sources: Square Enix ,The Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. , Cointelegraph , Forbes ,
Article versioned by Hannah Estefania Perez / DiarioBitcoin
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