The letter from Yosuke Matsuda, chairman of Square Enix, has sparked the largest increase in the company’s stock shares since August last year.
Yosuke Matsuda , President of Square Enix , recently signed a letter congratulating the new year and, incidentally, talking about the future plans of the company that he presides. In that statement, he highlighted the role that according to him the NFTs (non-fungible tokens, in Spanish) and the blockchain will have in the world of video games. As with other companies, such as Ubisoft or Electronic Arts , these statements were followed by great controversy, although it seems that they have not affected the valuation of Square Enix , which has seen the price of its shares rise.
As reported by Bloomberg , Square Enix’s share price rose 8% on the first day that the Tokyo stock market has been active since the publication of Matsuda’s letter. According to this specialized media, the president’s words about NFTs, the blockchain and the metaverse would be responsible for this increase; Regardless of whether it is or not, the truth is that it is the largest rise that Square Enix shares have experienced in a single day since August of last year.
In the letter, the president of the company said things like that traditional video games had not generated interest in people who play productively:
“I realize that some people who ‘play to have fun’ and who currently form the majority of players have voiced their reservations toward these new trends, and understandably so, However, I believe that there will be a certain number of people whose motivation is to ‘play to contribute,’ by which I mean to help make the game more exciting.”
The video game industry is witnessing a time of change with respect to NFTs that requires a positioning of large companies such as Steam , which does not allow this type of technology on its platform, or Xbox , which has already shown its rejection of the introduction of the blockchain in video games. Even those responsible for STALKER 2 , who tried to create NFT for their project, ended up dismissing the idea due to criticism.