• Latest
  • Trending
  • All
Square Enix Will Make Aggressive Investment In Blockchain

Square Enix Will Make Aggressive Investment In Blockchain

March 16, 2023
Crypto Mining and Cannabis To Blame? – CryptoMode

Crypto Mining and Cannabis To Blame? – CryptoMode

September 30, 2023
AI forecasts Dogecoin price for the end of 2023

AI forecasts Dogecoin price for the end of 2023

September 30, 2023
Ethereum Clients More Diversified Than Bitcoin, Is This Good?

Ethereum Clients More Diversified Than Bitcoin, Is This Good?

September 30, 2023
Litecoin’s price halved in less than three months. Buying the dip is risky despite a small head and shoulders pattern forming.

Litecoin’s price halved in less than three months. Buying the dip is risky despite a small head and shoulders pattern forming.

September 30, 2023
Yield Guild Games (YGG) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Saturday: What’s Next?

Yield Guild Games (YGG) has a Very Bullish Sentiment Score, is Rising, and Outperforming the Crypto Market Saturday: What’s Next?

September 30, 2023
Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

September 30, 2023
Why Is Bitcoin Price Up Today? Insights From Leading Analysts

Why Is Bitcoin Price Up Today? Insights From Leading Analysts

September 30, 2023
IBM Cloud inactive identities: Ideas for automated processing

IBM Cloud inactive identities: Ideas for automated processing

September 30, 2023
Do Kwon dismisses Slack chat records as irrelevant evidence

Do Kwon dismisses Slack chat records as irrelevant evidence

September 30, 2023
Dogecoin experiences numb volatility as attention shifts to thriving Shiba Memu

Dogecoin experiences numb volatility as attention shifts to thriving Shiba Memu

September 30, 2023
The Burden of Proof(s): Code Merkleization

The 1.x Files: GHOST in the Stack Machine

September 30, 2023
Cryptocurrency Price Today: Bitcoin Remains Above $26, 000 Mark As Gala Becomes Top Gainer

Cryptocurrency Price Today: Bitcoin Remains Above $26, 000 Mark As Gala Becomes Top Gainer

September 30, 2023
Saturday, September 30, 2023
DLT EMPIRE
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market
No Result
View All Result
DLT EMPIRE
No Result
View All Result
Home Blockchain

Square Enix Will Make Aggressive Investment In Blockchain

by Cuevas Antonio
March 16, 2023
in Blockchain
0
Square Enix Will Make Aggressive Investment In Blockchain
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


The legendary gaming studio Square Enix will continue to double down on Blockchain technology and digital assets in 2023. In a letter published by the company’s president Yosuke Matsuda, the company committed to focusing on “blockchain entertainment” and Web3. 

In 2022, Square Enix explored non-fungible token (NFT) initiatives. According to the company’s latest financial results, the digital asset and blockchain-based business saw positive feedback and good reception. Matsuda said:

(…) we are most focused on blockchain entertainment, to which we have devoted aggressive investment and business development efforts. Looking externally, I think it is fair to say that blockchain gained significant recognition as a field in 2022 (…).

Square Enix Maintains Faith In Blockchain Technology For Entertainment

As seen in the chart below, the interest in the sector could be based on the spike in sales from mobile games. The net sales revenue from smart devices and PCs has been trending to the upside since 2020, becoming a bigger part of the company’s contribution. 

Square Enix NFT NFTs
Source: Square Enix financial result end of 2022

In terms of the physical game versus digital game sales, the latter has become more critical for the company since Q3 2020. This metric continues to rise today and, combined with the net sales revenue, explains the interest in amplifying digital sales and entertainment. 

Square Enix NFT NFTs 2
Source: Square Enix financial result end of 2022:

As part of their expansion in the blockchain space, Square Enix will launch an overseas entity dedicated to “issuing, managing, and investing our own tokens” and publishing games in countries with “wide cryptocurrency adoption.”

In addition, the company is exploring launching a Corporate Venture Capital unit, issuing exclusive products as NFTs, and launching an NFT brand and a new IP based on this technology. 

In that sense, the company included blockchain entertainment as a critical part of its medium-term business strategy. From 2021 to 2022, Square Enix launched “Shi‐San‐Sei Million Arthur” season one, a free-to-play mobile video game for Android and iOS.

The positive reception of this product is another factor that prompted the expansion of the company’s digital asset and blockchain business. In this series’ second season, Square Enix will implement a new strategy to explore features such as NFT ownership, “earning structures,” and much more. 

Working On Crypto And NFT Regulations

The company’s president believes the implosion of FTX and other prominent players in the sector will push stricter regulations on blockchain technology. Thus, Square Enix will approach the Japanese and other governments to work on these regulations.

The company will help to clarify regulations around the nascent sector based on the idea that “new technologies and frameworks lead to innovation.” Square Enix’s president wrote the following on the future of NFTs and their maturation in the coming months; he invited people to think about these assets beyond their speculative capacity:

NFTs and the metaverse in 2021, 2022 was a year of great volatility in the blockchain-related space. However, if this proves to have been a step in a process that leads to the creation of rules and a more transparent business environment, it will definitely have been for the good of the growth of blockchain entertainment.

Ethereum ETH ETHUSDT Square Enix NFT NFTs
ETH’s price moving sideways on the daily chart. Source: ETHUSDT Tradingview

As of this writing, Ethereum trades at $1,210 with sideways movement in the last 24 hours.



Source link

Tags: AggressiveBlockchainEnixinvestmentSquare
Share196Tweet123Share49
Cuevas Antonio

Cuevas Antonio

  • Trending
  • Comments
  • Latest
ChatGPT is Being Used to Make ‘Quality Scams’

ChatGPT is Being Used to Make ‘Quality Scams’

March 20, 2023
Rise of AI-Powered Cheating: Challenges and Solutions for Educators

Rise of AI-Powered Cheating: Challenges and Solutions for Educators

March 20, 2023
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

April 10, 2023
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

0
24 Crypto Terms You Should Know

24 Crypto Terms You Should Know

0
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

0
Crypto Mining and Cannabis To Blame? – CryptoMode

Crypto Mining and Cannabis To Blame? – CryptoMode

September 30, 2023
AI forecasts Dogecoin price for the end of 2023

AI forecasts Dogecoin price for the end of 2023

September 30, 2023
Ethereum Clients More Diversified Than Bitcoin, Is This Good?

Ethereum Clients More Diversified Than Bitcoin, Is This Good?

September 30, 2023

Recent News

Crypto Mining and Cannabis To Blame? – CryptoMode

Crypto Mining and Cannabis To Blame? – CryptoMode

September 30, 2023
AI forecasts Dogecoin price for the end of 2023

AI forecasts Dogecoin price for the end of 2023

September 30, 2023
Ethereum Clients More Diversified Than Bitcoin, Is This Good?

Ethereum Clients More Diversified Than Bitcoin, Is This Good?

September 30, 2023

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Blockchain Games
  • Business
  • Crypto
  • Crypto Mining
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • Defi
  • Dogecoin
  • Economy
  • Education
  • Entertainment
  • Ethereum
  • Featured
  • Gambling
  • Governance
  • Health
  • Lifestyle
  • Litecoin
  • Market
  • News
  • Uncategorized
  • Web 3.0
  • World

Converter

Cryptocurrency Prices by Coinlib

© 2023 Dlt Empire | All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market

© 2023 Dlt Empire | All Rights Reserved