Insights

Square Enix Getting Into NFTs

If you were a big Video Game nerd you have heard of Final Fantasy or Chrono Trigger. The Company that brought you those stellar RPG classics have announced a coming NFT or series of NFTs. Square Enix president Yosuke Matsuda. In an open letter published New Years Day, President Matsuda announced they will be joining the metaverse. He went on to explain:

“I realize that some people who “play to have fun” and who currently form the majority of players have voiced their reservations toward these new trends, and understandably so. However, I believe that there will be a certain number of people whose motivation is to “play to contribute,” by which I mean to help make the game more exciting. Traditional gaming has offered no explicit incentive to this latter group of people, who were motivated strictly by such inconsistent personal feelings as goodwill and volunteer spirit. This fact is not unrelated to the limitations of existing UGC (user-generated content). UGC has been brought into being solely because of individuals’ desire for self-expression and not because any explicit incentive existed to reward them for their creative efforts. I see this as one reason that there haven’t been as many major game-changing content that were user-generated as one would expect.”

Leave a Reply

Your email address will not be published.