Japani Gaming giant Square Enix reiterates its commitment to blockchain gamingannouncing that it will continue to develop blockchain, web3And nft Games in the next 12 months.
the firm that made final Fantasy series, ongoing Financial year end statement of this month,
Square Enix has faced a furious backlash from many gaming communities for its blockchain pivot, which was first unveiled in early 2022.
The company’s turnover decreased slightly to approximately $2.5 billion from approximately $2.7 billion at this time last year.
It also lost around 1,000 staff members during the same period.
but despite a lukewarm reception for its NFT-related titles such as symbiosisThe company said it would continue to target Web3 development.
The firm calls its blockchain business an “initiative” that will “achieve further growth.”
It explained that it wants to be a “leader” in Web3 gaming and will “continue investment activities globally.”
The company also claimed that “accelerating blockchain game development” was one of its “priorities” for the coming year.
The firm has also recently launched an NFT game as part of its long-running million arthur series.
even though the game is over Backed by the international gaming communitySquare Enix stated that it was enjoying popularity.
Square Enix said that “more than 75%” of the NFTs released for the game last month have been sold.
Some sets have already been sold.
The company said its titular NFT held the top-ranked transaction ranking by item type on the LINE blockchain protocol.
And the company said it also explained that its symbiosis The project was “still under development” with plans to sell “approximately 10,000 NFT artifacts”.
Square Enix: Will Blockchain Gaming Pivot Succeed?
The company previously stated that focusing on traditional forms of gaming would “not be enough” for the company to flourish in the future.
Yosuke Matsuda, President and CEO of the company spoke first Square Enix’s desire to “try its hand” at “providing autonomous game content”.
Matsuda also spoke about his plans to launch a cryptocurrency.
But an apparent decline in the firm’s fortunes could soon herald a regime change that could affect the future of Web3-related progress.
In March, Matsuda announced that he would step down from his role in June this year.
His replacement, Takashi Kiryu, previously worked at Dentsu Innovation Initiative – another firm with Web3 credentials.
Dentsu had signed a Metaverse partnership deal with Microsoft last year.
