Search Results for: Square Enix

Japanese gaming giant Square Enix plans to further develop blockchain, Web3, and NFT games despite declining revenue and backlash from gaming communities. The company remains optimistic about their blockchain initiatives, prioritizing blockchain game development and targeting Web3 growth to become a pioneer in the field.

Major game studios are embracing blockchain networks, cryptocurrency, and NFTs in response to the gaming world’s shift to Web3 technologies. Asian companies like Square Enix, Nexon, and Krafton lead the way, while skepticism and resistance among gamers pose challenges to integration.

Bandai Namco, in partnership with startup Attructure, launches AI-powered virtual pet game RYUZO, featuring digital creatures or RYUs on the blockchain network, the Oasys Network. The game employs use of ‘Soulbound Tokens’, ensuring uniqueness and prohibiting unauthorized transfers, and furthermore offers potential for trust-building within the Web3 community.

The blockchain-enabled fitness app, STEPN, is expanding its reach with a new Web3 game, ‘Gas Hero,’ which uses NFTs and decentralized elements, including community voting. The game, set in a post-apocalyptic world, was created by Find Satoshi Lab and focuses on “Battle and Earn” strategies.

Sega COO, Shuji Utsumi, expresses doubts about the entertainment value of play-to-earn (P2E) crypto games. The gaming giant remains cautious about venturing its major franchises into blockchain gaming but remains open to future possibilities in blockchain initiatives.