Square Enix Has Doubled Down On NFT Talk And Has More Blockchain Projects In Development

Square Enix President, Yosuke Matsuda, last year made waves by revealing the corporate’s push in direction of blockchain and NFT know-how – a stance that hasn’t sat properly with followers within the months since.

Surprisingly then, Matsuda has as soon as once more used his “New Year’s Letter from the President” to plug his and Square Enix’ enthusiasm for the whole lot Net 3.0, even going as far as to counsel that the current volatility and uncertainty out there shall be a profit to their future plans.

You can read the full address right here, however there are a few essential quotes that actually paint an image of what the corporate’s sentiment is in direction of NFTs and blockchain in gaming, beginning with Matsuda’s perception that tightened rules globally in addition to authorities help inside Japan will assist cut back confusion and normalise the know-how within the public eye.

“In the wake of these developments, we hear rumblings from some countries of early moves to regulate such businesses more strictly. In Japan, meanwhile, the drive to encourage such businesses has gained momentum, led by the government. In June 2022, the Japanese cabinet signed off on a plan called the “Priority Policy Program for Realizing a Digital Society,” which incorporates wording concerning the creation of an atmosphere for selling the Net 3.0 idea, together with using NFTs primarily based on blockchain know-how. Japan’s Digital Company additionally launched a Net 3.0 examine group.

New applied sciences and frameworks result in innovation, however in addition they create appreciable confusion. Having ridden out such societal tides, some such applied sciences and frameworks step by step grow to be a part of individuals’s lives, finally giving rise to new companies and progress. Following the joy and exhilaration that surrounded NFTs and the metaverse in 2021, 2022 was a yr of nice volatility within the blockchain-related house. Nonetheless, if this proves to have been a step in a course of that results in the creation of guidelines and a extra clear enterprise atmosphere, it’ll undoubtedly have been for the nice of the expansion of blockchain leisure.”

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