Square Enix CEO revealed the company’s intentions for blockchain and NFT spheres. Yosuke Matsuda begins with a discussion of the metaverse before noting that Facebook’s renaming to Meta is proof that the concept isn’t a passing mania.
He expects 2022 to be a year of hype for the metaverse as society begins to slowly embrace virtual worlds and their ability to connect individuals across geographical boundaries.
He also noted that extended reality technology, the increasing use of cloud computing and 5G will all lead to the metaverse’s existence.
He goes on similarly about NFTs, then blockchain and play-to-earn. Matsuda points out that 2021 was “year one” for NFTs and the metaverse, during which there was a lot of wild trading that didn’t always correspond with market speculations.
Investments in blockchain are still rising at a rapid rate, and some of the most adamant in trying to legitimize blockchain technology have been companies from the gaming business. Square Enix initially invested in the metaverse by taking part in a $2-million funding round for The Sandbox, an Ethereum-based metaverse game.
