Brotaku

Takashi Kiryu, director of Square Enix Holdings and its future president, has confirmed that the company are proceeding with its investment in the NFT sector. Kiryu-san claims that the company are working on developing its IP through NFTs and that the risk of NFTs is mitigated by mixing the new technology with strong IP. Kiryu-san believes that this will allow Square Enix to offer new content in a “genuinely interesting way” but he also stressed that he wants to ensure that existing IP is treated with the care and respect it deserves.

Yosuke Matsuda, current president of Square Enix Holdings, has also confirmed that Forspoken and other “small and mid-sized titles” released in the current fiscal year failed to meet sales expectations. Matsuda-san did not specify which titles are included but some of Square Enix’s “small and mid-sized titles” include Crisis Core: Final Fantasy VII Reunion, Star Ocean: The Divine Force, Tactics Ogre: Reborn, The DioField Chronicle and Valkyrie Elysium.

Forspoken is, however, mentioned by name, which could indicate how poorly the game performed commercially. Square Enix has a reputation for being disappointed with game sales which is what led to the sale of its Western studios along with the Tomb Raider, Deus Ex and other IPs. The release schedule of Square Enix’s titles in 2022 didn’t exactly help the titles either with one coming after the other.