• Hype
  • Murai
  • Lipstiq
  • Varnam
  • Hangat
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Mobile Gaming
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Artificial Intelligence
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
    • Contact Us
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Mobile Gaming
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Artificial Intelligence
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
    • Contact Us
No Result
View All Result
Lowyat.NET
No Result
View All Result

Square Enix President Says It Will Chase The NFT Trend

And openly admits that it won't be ideal for people who "play to have fun".

by Ian Chee
January 3, 2022
Square Enix

(Image source: GC Images via The Verge.)

Share on WhatsappShare on TelegramThreads

Square Enix kicked off the new year of 2022 with a letter from the company’s president, Yosuke Matsuda. And in the letter, he said that the company will not only see NFTs as a major trend in gaming, but also something that the company will be pursuing.

Matsuda also notes that the current situation with NFTs is not ideal, with “overheated trading” and “speculative overtones”. But he also claims that there will be an “eventual  right-sizing” in the prices. Then there’s the same spiel of “decentralised gaming” that Ubisoft tried to pull when it announced Quartz.

Square Enix
Source: Square Enix.

One other part in the letter that would trip some cynic’s alarm bells. One is the way Square Enix, or at least the company president, frames gamers as people who “play to have fun” against modders as people who “play to contribute”. Then there’s the complete misunderstanding of the motivation of modders in the first place in order to make NFTs sound like a good idea in gaming.

Overall, company president Yosuke Matsuda paints a grim picture of Square Enix in 2022. Sure, the letter is devoid of specifics, so no one can call it out the way Ubisoft got called out for Quartz. But it gives a clear idea as to the direction the company wants to go to for the rest of the year. And the year has only just started. Hopefully the still upcoming Final Fantasy XVI remains unaffected despite its development getting pushed back.

(Source: Square Enix)

Related Article Former Square Enix Exec: Killing Discs Could Make PlayStation Digital Games Cheaper
Filed Under BlockchainCryptoletternew yearNFTpresidentSquare EnixtrendYosuke Matsuda
Updated 3:14 pm, Mon, 3 January 22
SendShareShareShare2Tweet2

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

No Result
View All Result

TRENDING THIS WEEK

  1. 1
    Mobile Phones

    The Nokia 2360 Flip Has A Classic Clamshell Design, An SOS Button, And 2G Connectivity

  2. 2
    Fintech

    Malaysians Can Now Make DuitNow QR Payments In Five Overseas Destinations

  3. 3
    Tablets

    Xiaomi Pad 7 Ultra With Xring O1 Debuts In China

  4. 4
    PC

    Classic Metal Gear Titles Make Their Way To GOG

  5. 5
    News

    Vivo’s In-Display Fingerprint Sensor Doesn’t Work With Most Screen Protectors

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Varnam
  • Hangat
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Editorial Policy
  • Terms of Use
  • Contact Us

©2026 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
  • Forums
  • Laptops
  • Telco
  • Mobile
  • Gaming
  • Artificial Intelligence
  • Fintech
  • Cryptocurrency
  • Cyber Security
  • Hybrid Vehicles
  • Advertise with Us

©2026 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
  • Forums
  • Laptops
  • Telco
  • Mobile
  • Gaming
  • Artificial Intelligence
  • Fintech
  • Cryptocurrency
  • Cyber Security
  • Hybrid Vehicles
  • Advertise with Us

©2026 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.