Square Enix, the Japanese gaming company, is pushing ahead with its vision of incorporating blockchain elements into its games. In a recent interview, President Yosuke Matsuda spoke about the importance of user-generated content and the benefits that allowing this type of development and adopting blockchain-based, self-sustaining economies could bring to the future of the gaming industry.

Square Enix aims to double blockchain and autonomous content

Square Enix is ​​stepping up its business plan to add blockchain elements to its games in the not too distant future. The company, which had already planned a robust entry into the blockchain gaming world, now seems interested in using these tools to create self-sustaining economies in gaming worlds.

Square Enix President Yosuke Matsuda, in a recent interview with Yahoo News, reiterated the trade-off that he and the company will need to deliver some of those experiences in the future. User-generated content is very important to Matsuda, and he insists on directly rewarding the creators of that content with some sort of in-game currency. He explained:

By using technologies like blockchain instead of relying on good intentions, there is a chance for content with innovative fun to emerge from the user’s ideas if incentivized those who contributed to the development.

This inclusion of user-generated content would also supposedly help develop games that can thrive outside of the hands of the original developers even after original support has ended, if there is enough interest from third-party developers.

Not the first time

This isn’t the first time Matsuda has expressed his perspective on the future of gaming and cryptocurrency elements. In a New Year’s letter in January, Matsuda revealed how he believes blockchain could transform how players and builders can be part of gaming experiences in more immersive ways.

On how to achieve this immersive engagement, Matsuda explained:

It is blockchain-based tokens that make this possible. By incorporating viable token economies into our games, we enable self-sustaining game growth.

However, Square Enix has been rather conservative when it comes to designing a game with franchises like Final Fantasy or Kingdom Hearts around blockchain and token mechanics. In fact, Naoki Yoshida, director and producer of Final Fantasy XIV, denied any possibility of including NFTs in the game in February.

Other Japanese companies, such as Sega, have also been ambivalent about NFTs. While the company announced back in January that it might scrap NFT experiments if they’re viewed by players as cash-stealing, it also hinted that they might be part of its “Super Game” framework.

What are your thoughts on Square Enix’s take on blockchain for monetizing user-generated content? Tell us in the comment section below.


Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price surge took place in December 2017. He has a computer engineer background, lives in Venezuela and is socially impacted by the cryptocurrency boom. He offers a different take on crypto success and how it’s helping those who are unbanked and underserved.

photo credit: Shutterstock, Pixabay, WikiCommons

Disclaimer: This article is for informational purposes only. It is not a direct offer, or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

What's your reaction?
Leave a Comment