Despite the current situation in the cryptocurrency market, Square Enix is optimistic regarding P2E and plans to continue investing in such projects.
But is this an assumption? It is not, of course!
Square Enix released a video on Youtube on the last day of 2022, Oct. 31, that saw partners and executives of the gaming studio talking about future plans while wishing us a happy new year.
According to the letter provided by Square Enix president Yosuke Matsuda on Jan. 1, Square Enix announced plans to continue investing in Web3 gaming without considering the recent downfall of the cryptocurrency market. This market decline will ultimately boost its gaming plans for 2023. Additionally, within the letter, the word blockchain is spotted on 14 different occasions.
“Our Group has multiple blockchain games based on original IPs under development, some of which we announced last year, and we are undertaking preparations that will enable us to unveil even more titles this year.”
“Blockchain has been an object of exhilaration and a source of turmoil, but with that in the rearview mirror, we hope that blockchain games will transition to a new stage of growth in 2023.”
Yosuke Matsuda
One of the most anticipated projects by Square Enix is SYMBIOGENESIS. It is an NFT collectible art project coming to us in Spring 2023.