Square Enix Doubles Down On Blockchain Games, Will Launch More In 2023

• Square Enix, a prominent Japanese video game developer and publisher, announced that it will continue to invest in blockchain games in the upcoming year.
• Square Enix is developing multiple blockchain games based on original IP and plans to launch more games in 2023.
• The Japanese government is encouraging Web3 development and even awarded some authorities with NFTs in 2022.

Square Enix, one of Japan’s most prominent video game developers and publishers, has announced that it will continue to invest in blockchain games despite the recent turbulence in the crypto market. In a Sunday letter, Yosuke Matsuda, the president of the company, detailed that Square Enix is „most focused“ on blockchain-powered gaming and will double down on web3 gaming in the upcoming year.

Matsuda stated that the company is developing multiple blockchain games based on original IP, rather than their existing franchises, with plans to launch even more such games in 2023. The company is also actively considering investment opportunities around blockchain in Japan or abroad. He noted that despite the extreme volatility in the crypto and NFT space and a somber string of news stories with blockchain connections, including the scandalous bankruptcy filing of FTX in November, there was still widespread adoption of blockchain technology.

The Japanese government’s focus on encouraging web3 development has also been a major factor in Square Enix’s decision to continue investing in blockchain games. The government has launched a „Priority Policy Program for Realizing a Digital Society“ and even awarded some authorities with NFTs in 2022.

Matsuda believes that blockchain games will transition to a new stage of growth in 2023, and Square Enix is looking to capitalize on this growth. The company is hoping to build on their existing successes in the blockchain gaming space, such as their popular blockchain-powered card game, Dragon Quest Rivals, and the decentralized fantasy game, Final Fantasy NFTs.

Square Enix is confident that its investment in blockchain games will pay off and is actively exploring new opportunities in the space. With the Japanese government’s support and the continued growth of the blockchain gaming industry, the company is confident that it will be able to continue to innovate and create engaging games for players around the world.