Square Enix, a Japanese entertainment conglomerate and video game company best known for Final Fantasy, is aiming at issuing its own tokens as the company prepares to enter the blockchain space.
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In a financial report for fiscal year 2021, the Tokyo-based company revealed that as part of its medium‐term business strategy it plans to tackle "scalability in NFT economic zones" and issue "exclusive fungible tokens."
While the company didn't go into details, it added that as part of "blockchainization" it will not only issue & manage tokens, but also invest in other Web3 companies such as Animoca Brands and The Sandbox. Besides tokens, Square Enix also wants to launch a new NFT brand focused on world-building mechanics.
In April, the company's president Yosuke Matsuda reassured that Square Enix still plans to bring NFTs into future games. He also said that the company would like to try its hand at "providing autonomous game content." He added that until now, in most games, the company provided the content as a "finished product and the players played that content."
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