President of SE: future Web 3.0 and blockchain games will be the focus.

CTOnews.com January 2 news, Square Enix President Yosuke Matsuda said in his New year's speech that the "Web 3.0" blockchain and NFT have good prospects from an investment perspective, which is also one of the key investment areas identified in the company's medium-term business plan.

He believes that the market still has the potential for growth and innovation if transparent rules are started, and he points to Japan's policy plan to achieve a digital society in 2022 as a positive step towards developing those rules and promoting Web 3.0 and blockchain entertainment.

SE is developing a number of blockchain games based on original IP, and more "Web 3.0" blockchain games will be released in 2023, he said.

He also explained why Crystal Dynamics, Eidos-Montr é al and Square Enix Montre é al were spun off: to focus their resources on strengthening internal development and investing in "globally competitive" game development, and to retain the costs required to pursue these efforts.

Square-Enix has previously invested in the meta-universe project of sandboxie in Etai Fong, whose IP is a "dungeon siege", which has achieved considerable and sustained growth in the past few years. The company also announced Symbiogenesis, its first NFT art collection project. CTOnews.com has learned that the project will be launched for Google Chrome and other browser platforms next spring.