After handing over control of two of its companies to strengthen its blockchain capabilities, Square Enix has now stated that its medium-term business strategy includes the implementation of further NFTs throughout its gaming products. The ambitions were revealed in the company's Q1 Earnings Report, which stated that the successful piloting of NFTs in its 'Million Arthur' gaming brand has fostered a desire to undertake additional expanded measures inside the NFT and blockchain industries.
Sq. Enix's actions are diverse, including establishing regulatory readability and guidelines for blockchain video games, addressing scalability in NFT economies, establishing a company capital enterprise unit, and establishing an overseas entity that will deal with the issuing, administration, and investments of its personal token, which, of course, also implies that the company will almost certainly be creating a massive gaming token etc.
To help the bold Web3 expansion, the Japanese leisure conglomerate has been collaborating with industry giants Animoca Manufacturers, with its CEO Yat Siu (who also revealed his affection for Sq. Enix's Ultimate Fantasy franchise) having optimistic words to say about the company: "Sq. Enix has already been speaking about the potential of blockchain video games for a very long time, so it will get it higher than a lot of the conventional gaming firms."
Along with its game-centric aspirations, the company's Q1 Earnings Report also stated that 'blockchain funding and monetization' and 'AI and cloud computing are other medium-term enterprise strategy goals, which are two areas of focus that are in line with the goals of CEO Yosuke Matsuda.