Square Enix President says keeping a close eye on NFTs

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Yosuke Matsuda, president of Square Enix Japanese entertainment company, sees non-fungible tokens as a key component to the gaming industry. They also help in reducing costs as they grow.

Matsuda addressed fans in an open letter and discussed some trends for 2021. He also laid out a roadmap of the gaming giant’s future plans for 2022.

Matsuda has not forgotten Metaverse, which was the tech buzzword of 2021. Matsuda stated that Facebook’s name change to was an indication that the term was more then a buzzword.

He called 2021 ” metaverse Year One” as well as ” NFTs Year One”. Matsuda sees “eventual right sizing in digital good deals” as they become more common, with NFT prices correcting their true value.

He admitted to the skepticism of fans about microtransactions, which already plague countless games.

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