Yosuke Matsuda, president of Square Enix, has confirmed that the company are interested in pursuing NFT’s (non-fungible token) in his yearly open letter. Matsuda-san also identified the metaverse (virtual online world), blockchain and cloud tech as trends Square Enix would be interested in pursuing. Ubisoft recently announced its commitment to NFT’s and began selling them through Tom Clancy’s Ghost Recon Breakpoint, it has been met with widespread criticism and poor sales.

Here’s what Matsuda-san had to say:

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,” he wrote. “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. However, with advances in token economies, users will be provided with explicit incentives, thereby resulting not only in greater consistency in their motivation, but also creating a tangible upside to their creative efforts. I believe that this will lead to more people devoting themselves to such efforts and to greater possibilities of games growing in exciting ways. From having fun to earning to contributing, a wide variety of motivations will inspire people to engage with games and connect with one another. It is blockchain-based tokens that will enable this. By designing viable token economies into our games, we will enable self-sustaining game growth. It is precisely this sort of ecosystem that lies at the heart of what I refer to as ‘decentralized gaming,’ and I hope that this becomes a major trend in gaming going forward.

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