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[Draugoth]

Square Enix CEO, Yosuke Matsuda has said that the publisher will be launching its new blockchain games in FY23/24.

The statement comes following a disappointing result for Square Enix’s latest release, Forspoken, of which the game’s performance was described as “lackluster”. Despite the lackluster performance, Square Enix is still hoping that its blockchain games will be more of a success.

The information comes via a Financial Results Briefing that was published today but dates back to February 3, 2023. During a Q&A segment, Yosuke Matsuda was asked about Square Enix’s forecasted growth for FY2024/3, to which he responded:

“Major title launches will not be concentrated solely in FY2024/3. We have organized our pipeline so that we will have a good spread of new releases in FY2025/3 and beyond as well. We also hope that you will look forward to the blockchain games we plan to launch in FY2024/3 and thereafter.”

Several game companies have explored NFT and blockchain technology in the past, with Ubisoft being the most public when it comes to its NFT exploration and subsequent failures. Ubisoft Quartz, announced in early 2022 was the first major announcement when it came to publishers exploring NFT technology, however, that idea seemingly dwindled following its first NFT release with Ghost Recon Breakpoint.

 

[Jinzo Prime]

Square Enix CEO, Yosuke Matsuda has said that the publisher will be launching its new blockchain games in FY23/24.

The statement comes following a disappointing result for Square Enix’s latest release, Forspoken, of which the game’s performance was described as “lackluster”. Despite the lackluster performance, Square Enix is still hoping that its blockchain games will be more of a success.



Several game companies have explored NFT and blockchain technology in the past, with Ubisoft being the most public when it comes to its NFT exploration and subsequent failures. Ubisoft Quartz, announced in early 2022 was the first major announcement when it came to publishers exploring NFT technology, however, that idea seemingly dwindled following its first NFT release with Ghost Recon Breakpoint.

Hooray, this will surely turn the company fortunes around and provide profitability to all shareholders! It's time to invest!

Spoiler

/s

 

[Mr Hyde]

Fuck NFTs and block chain and Square Enix for pursuing it. Nobody wants that shit in a Squenix game. Goddamnit.

 

[Thirty7ven]

Would love to know where’s this audience they are chasing

 

[MOTM]

Square Enid the next Ubisoft if they keep this up.

 

[SmokedMeat]

Square doesn’t doesn’t learn do they?

 

[DeepEnigma]

And I will blockbank account them games.

 

[MikeM]

This company really doesn’t get it.

 

[GHound]

People said Square hit rock bottom years ago. If that was rock bottom, what is this?

 

[SJRB]

lmao these assholes just don't learn, do they?

 

[Kilau]

 

[Portugeezer]

Who hurt you, Square Enix?

 

[BennyBlanco]

Square is the Japanese Ubisoft

 

[feynoob]

Square when their games don't sell well, while doing these stupid stuff.

 

[feynoob]

Would love to know where’s this audience they are chasing

lmao these assholes just don't learn, do they?

This company really doesn’t get it.

When you have a clown as a leader, it's hard to do normal business.

They are investing on a dying business, instead of actually fixing their studios and hire better writers.

Even EA isn't this much stupid.

https://noisypixel.net/square-enix-president-2023-blockchain-focus-aggressive/

 

[Oddvintagechap]

People only like NFTs when it benefits them, like profiting off idiots.

 

[El Pistolero]

 

[radewagon]

At this point, they should just replace Square's upper management with chatgpt.

 

[Square2015]

Bring back the 'Gooch!

 

[Fuz]

 

[Mibu no ookami]

Square Enix is dead to me

 

[kevm3]

Those suits who are far disconnected from gaming must have thought that this web 3.0 garbage was going to be a goldmine. Nobody wants blockchain or nfts in games. What benefit to the gamer does this serve?

 

[MALpractice311]

Good luck.

In other unrelated matters, I wonder if Sony might be interested in acquiring a company known for making best selling JRPGs for Sony? Particularly if said developer tanks their stock price after committing multiple poorly thought out schemes.

 

[poodaddy]

This might be the only thread I've ever seen where literally every poster is in agreement. Kind of a beautiful thing. Finally, we can all come together and say....."lick my taint Square."

Feels good huh? All warm and fuzzy in here. I love you guys, almost as much as I'll love seeing Square Enix fail hard with their crypto push. Can't fuckin wait.

 

[semiconscious]

message to all developers/publishers: by the time you decide to cash in on the latest/greatest? - it's too fucking late!!!...

 

[Elder Legend]

As a person who works in the gaming industry, I will make sure to write and talk about NFTS in the "nicest" way possible if you catch my drift.

This will be fun. Seriously, fuck NFTs nothing good comes from it for the consumer.

 

[Varteras]

 

[El Muerto]

Man, they must really want to go bankrupt. I bet Phil Spencer is standing by, waiting for Squeenix to go on sale next year.

 

[Aion002]

Can Sony, MS or Nintendo buy S-E already?

The people in charge there sucks.

 

[Demigod Mac]

People said Square hit rock bottom years ago. If that was rock bottom, what is this?

Square sees that rock bottom, proceeds to grab a jackhammer.

 

[StereoVsn]

Bro, NFTs are the shit! You can buy a random Ape and earn great returns! This will be gold, gold!

Play to Earn is all the rage too!

Spoiler

SE CEO who is couple years out of touch

 

[El Pistolero]

SE is aimless. No wonder the CEO is stepping down.

 

[Lokaum D+]

 

[Evolved1]

This will feel so fucking good when it inevitably crashes and burns.

 

[DGrayson]

And I will blockbank account them games.

LOL sorry I had to do it!

 

[Gambit2483]

 

[DGrayson]

In all seriousness this seems like another example of a Japanese developer being behind on trends. This seems like a setup for instant failure.

 

[Iced Arcade]

Sony needs to swoop in and acquire Square to save it from itself.

 

[cireza]

Great move, this will help them recover from the Forspoken fiasco.

 

[shaddam]

They should jump the AI bandwagon instead, block chain is last year

 

[Fbh]

I'm just glad we are getting FFXVI before they go under. Hopefully they can finish the FF7 Remake project too.

People said Square hit rock bottom years ago. If that was rock bottom, what is this?

"Nowhere but up now, right Square?"
"Hold my beer"

 

[Gambit2483]

In all seriousness this seems like another example of a Japanese developer being behind on trends. This seems like a setup for instant failure.

Hopefully the incoming president (in June) can course-correct this company. Not holding my breath but we'll see...

 

[touchfuzzy]

What even is a blockchain game? I don't understand.

 

[rodrigolfp]

MS needs to swoop in and acquire Square to save it from itself.

ftfy.

 

[SSfox]

Sony needs to swoop in and acquire Square to save it from itself.

 

[Kacho]

Square is like that 5'4" dude that walks around with his chest out to look like a big man. You make niche games, Square. Embrace that. Don't burn the remaining goodwill you have with your fans. Jesus.

At least Konami was respectable enough to bow out of gaming entirely to make pachinko machines.

 

[Barakov]

Square Enix CEO, Yosuke Matsuda has said that the publisher will be launching its new blockchain games in FY23/24.

The statement comes following a disappointing result for Square Enix’s latest release, Forspoken, of which the game’s performance was described as “lackluster”. Despite the lackluster performance, Square Enix is still hoping that its blockchain games will be more of a success.



Several game companies have explored NFT and blockchain technology in the past, with Ubisoft being the most public when it comes to its NFT exploration and subsequent failures. Ubisoft Quartz, announced in early 2022 was the first major announcement when it came to publishers exploring NFT technology, however, that idea seemingly dwindled following its first NFT release with Ghost Recon Breakpoint.

They just released a turd with Forspoken. Shouldn't they wait a bit before releasing another one? Especially several in a single year?

 

[lughnasadh123]

*shoots foot*
"Why the fuck does my foot hurt?
"shoots other foot"

 

[Deerock71]

Square doesn’t doesn’t learn do they?

 

[Gambit2483]

Square is like that 5'4" dude that walks around with his chest out to look like a big man. You make niche games, Square. Embrace that. Don't burn the remaining goodwill you have with your fans. Jesus.

At least Konami was respectable enough to bow out of gaming entirely to make pachinko machines.

Let's not disrespect an industry Legend...
Yes they have made mistakes but SquareEnix is

Chrono Trigger
Nier Automata series
ALL Final Fantasy (the good ones, Online, Tactics, etc.)
The Kingdom Hearts Saga
Dragon Quest Franchise
The World Ends with You Franchise
Legend/Secret/Trials of Mana
Modern Tomb Raider
Live A Live
Bravely Default Franchise
Octopath Traveller Franchise (new IP)

They have more than enough credit and contributions to this industry.