At such a rapid turn that it is likely to cause a whiplash, it looks like Square Enix is not betting its future on NFTs and the blockchain after all. In his most recent financial report, the venerable bond provider JRPG has backtracked a bit on his intentions. In an outline of the results, translated into English, Square Enix president Yosuke Matsuda said:
“Instead of using the proceeds of divestment in new investment domains such as NFT and blockchains, we intend to use them primarily to fund our efforts to foster strong IP and improve our development capabilities in the our core segment of digital entertainment. “
After selling many of its Western studios to the Embracer group, Square Enix had announced its intention to invest in “fields that include blockchain, AI, and the cloud,” which caused some concern among fans, as nothing does not call “out of touch”. more than a company that decides to jump on the bandwagon of the NFT that is rapidly imploding.
Are you glad that Square Enix has changed its mind or, in other words, heard criticism? Equip your most interesting shots in the comments section below.