Yay, more NFTs!

Square Enix Still Believes Future Lies With NFTs, Despite Controversy

Square Enix president Yosuke Matsuda still believes that the company’s future lies with NFTs and blockchain technology.

In an interview with Yahoo Japan (translated by VGC), despite its controversy and backlash, Matsuda hopes that the developer and publisher will capitalise on NFTs and blockchain as traditional game development is “not enough” for Square Enix.

Until now, in most games, we provided the content as a finished product and the players played that content,” said Matsuda. “However, there are a certain number of players in the world who want to contribute to making games more interesting, by creating new settings and ways of playing.

marvels avengers
Credit: Square Enix/Crystal Dynamics

He continued: “In the future, we want to utilise the power of these people to create games that will continue to evolve. If instead of relying on goodwill, we can also provide incentives to those who contribute to development by utilising technologies such as blockchain, there is a possibility that innovative and interesting content can be created from the ideas of users.

Will NFTs ever go away?

In my opinion, it seems strange that some of the executives in charge of the world’s largest video game companies still believe that most fans want NFTs. Sure, there is no doubt a market for some, but for the most part, they just seem to generate a negative reaction.

I certainly disagree that the current video game model is “not enough,” however I suppose that depends on the perspective. From the perspective of gamers, it seems most have had enough of NFTs. That being said, from the perspective of executives, perhaps all the money made from video games is “not enough.

final fantasy 7 remake
Credit: Square Enix

Do you believe that NFTs will ever go away? Let us know on Twitter.

The fighting in Ukraine is causing families to flee their homes. Please give now to save lives and protect people in need. Donate today!


Along with the latest games, merch, and accessories, the GameByte Shop has an epic Loyalty Points Scheme – earning you points for every £1 you spend to redeem for huge discounts!


Also, sign up to our newsletter to be notified of new-gen console drops, deals and more. Please note the GameByte Shop is available for UK customers only.

Featured Image Credit: Square Enix