Square Enix CEO reiterates company’s focus on blockchain gaming in 2022 Annual Report

Yosuke Matsuda describes blockchain entertainment as the company’s “most important focus” and thinks that we will see “games produced unlike any anyone has ever seen before.”

Oct 31, 2022
by Dragan
Square Enix CEO reiterates company’s focus on blockchain gaming in 2022 Annual Report
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After becoming the 21st validator for blockchain gaming company Oasys last month, Square Enix has now released their 2022 annual report in which the CEO, Yosuke Matsuda, shares a message to the Japanese conglomerate’s shareholders, in which he reiterates the company’s interest in blockchain gaming.

In the report for the fiscal year ended March 31, 2022, Matsuda describes blockchain as one of the focus investment areas under their “Medium-Term Earnings Targets and Business Strategy.” The other two areas are AI and the cloud, but the CEO singles out blockchain as the company’s “most important focus,” comparing it to the other two areas by stating that, while AI and the cloud “in game development primarily involves incorporating new technological advancements into the gaming experience,” blockchain, on the other hand, is unique not only in a technological way, but more so philosophically, “as represented by the concept of decentralization that underlies the blockchain model.”

He also goes on to say that traditional games can be referred to as “centralized games” as they are completed products with an experience controlled by its developers, rather than the players, while blockchain games allow players to “exercise their own agency in creating and running the world of the game” thus calling them “decentralized games.”

“Going forward, we may see the concept of decentralized gaming take off and a proliferation of token economies, which are mechanisms for incentivizing players to take part in decentralized games in various ways. If this leads to the creation of self-sustaining worlds with even greater scalability, I believe that we will see new types of games produced unlike any anyone has ever seen before.”

He finishes off the section of his message related to the blockchain entertainment domain by saying that blockchain tech “presents us with the challenge of seeing what sort of new excitement we can create with it. We will remain aggressive in taking on this new field.” You can check out his entire message as well as the full annual report here.

This isn’t the first time Matsuda has talked about blockchain gaming. The Square Enix President first talked about NFTs and blockchain gaming in a New Year’s letter, after which he further expressed his belief in the future of play-to-earn gaming in an interview with Yahoo Japan. A Blockchain Entertainment Business Division was formed back in February this year, which was revealed in a financial report published in May this same year.

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