Share rises 8% after controversial New Year’s letter from Yosuke Matsuda

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You may be the only one who thinks that NFTs are not a good path for the gaming industry. Well, at least there are other opinions. According to the New Year’s letter from Square Enix President Yosuke Matsuda, Square Enix stock climbed by about 8%, like Bloomberg reported.

The New Year’s letter received a lot of criticism from the gaming community, but it was to be expected that investors and the financial market would view it differently. The New Year’s letter is also addressed to this clientele. Matsuda expressed his enthusiasm for blockchain games, NFT and the Metaverse.

“The emergence of NFT with blockchain technology has significantly increased the liquidity of digital goods,” Matsuda said in the letter. So 2021 was not only “Metaverse: Year One”, but also “NFT: Year One”. He sees a “fast-growing user base” that NFT has accepted “with great enthusiasm.”

To reflect these changes in the industry, a mid-term strategy was presented in May 2020 that identified AI, cloud and blockchain games as “new areas” in which “we should focus our investments and R&D efforts.” “.

Images: pronounced, Square Enix, Luminous productions

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Addin
I am the Editor for Gaming Ideology. I love to play DOTA and many other games. I love to write about games and make others love gaming as much as I do.

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