Bitcoin News and Finance
Square Enix Insists on Integrating Blockchain Elements Into Its Games Skip to main content

Square Enix Insists on Integrating Blockchain Elements Into Its Games

Square Enix

Square Enix, the Japanese gaming company, is pressing on with its vision of integrating blockchain elements into its games. In a recent interview, president Yosuke Matsuda talked about the importance of user-generated content and the advantages that allowing this kind of development, as well as introducing blockchain-based self-sustained economies, might bring to the future of the gaming industry.

Square Enix to Double Down on Blockchain and Autonomous Content

Square Enix is doubling down on its business plan of including blockchain elements in its games in the not-so-distant future. The company, which had already made plans to make a robust entry into the blockchain gaming world, seems to now be interested in using these tools to create self-sustaining economies in gaming worlds.

Yosuke Matsuda, president of Square Enix, reiterated the compromise that he and the company have to deliver some of these experiences in the future in a recent interview given to Yahoo News. To Matsuda, user-generated content is very important, and he insists on rewarding creators of this content directly with some kind of game currency. He stated:

By utilizing technologies such as blockchain instead of relying on good intentions, if incentives are given to those who have contributed to the development, there is a possibility that content with innovative fun will be born from the user’s ideas.

This inclusion of user-generated content would also ostensibly help create games able to thrive outside the hands of the original developers even after original support ends, if there is sufficient interest from third-party creators.

Not the First Time

This is not the first time that Matsuda has expressed his take on the future of gaming and cryptocurrency elements. In a new year’s letter in January, Matsuda revealed how he thinks blockchain might change how players and builders can be part of gaming experiences in a more immersive way.

On how to achieve this immersive engagement, Matsuda stated:

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

However, Square Enix has been rather conservative when it comes to designing a game featuring franchises such as 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 when it comes to NFTs. While the company announced back in January it might scrap NFT experiments if seen by players as a money grab, it also hinted at their possible inclusion as part of its “Super Game” framework.

What do you think about Square Enix’s take on blockchain in user-generated content monetization? Tell us in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory