With the popularization of non-fungible tokens (NFT) and play-to-earn games, Square Enix, one of the largest game companies in the world, decided to reveal the company's vision and investment in this area and related ones, such as For example, the metaverse. Square Enix CEO Yosuke Matsuda published a letter earlier this year saying what he expects for 2022, where one of the hotspots was the popular NFTs.
Yosuke Matsuda believes that 2022 will be a year of strong growth for the metaverse and at the same time society will slowly begin to incorporate virtual worlds with the ability to connect people in a more immersive way. In addition, the CEO of Square Enix believes that extended reality technology, the increasing use of the cloud and 5G mobile internet will enable the existence of the metaverse.
Square Enix opens a new studio dedicated to mobile games
Metaverse and the NFTs
Although players use games for "fun", Yosuke believes that with the growth of the metaverse, NFTs and cryptocurrencies, there will be many titles that will incorporate these universes. Square Enix CEO says:
"I know that some people who 'play for fun' and who currently form the majority of players have expressed their reservations about these new trends, and this is understandable. However, I believe there will be a certain number of people whose motivation is " play to contribute", that is, to help make the game more exciting. Traditional gaming offers no explicit incentive to this last group of people, who were motivated strictly by inconsistent personal feelings such as goodwill and voluntary spirit. This fact is not oblivious to the limitations of existing user-generated content (UGC), UGC was created solely out of individuals' desire for self-expression and not because any explicit incentive existed to reward them for their creative efforts.
However, with advances in token economies, users will receive explicit incentives, resulting not only in greater consistency in their motivation, but also creating a tangible upside to their creative efforts. I believe this will lead to more people dedicating themselves to these efforts and greater possibilities for games to grow in exciting ways. From having fun to earning money and contributing, a wide variety of motivations will inspire people to get involved with games and connect with each other. It is the blockchain-based tokens that will allow this (cryptocurrencies and NFTs). By projecting viable token economies into our games, we will enable the games to grow self-sustaining. It's precisely this kind of ecosystem that is at the heart of what I call "decentralized gaming", and I hope this will become a big trend in gaming going forward."
Web3: Understand why it is the link between NFT, metaverse and cryptocurrencies
