This year marks the first New Years' letter for Square Enix president and representative director Takashi Kiryu, succeeding Yosuke Matsuda in June 2023. In last year's letter, Mastuda expressed a heighted interest by the company in exploring new technologies including NFTs.
Despite being a major strategic theme for the company in 2022, it appears Square Enix's approach has been tepid at best. The company has previously incorporated NFTs into one of its smartphone games, Shi-San-Sei Million Arthur, an idle game that allows you to mint NFTs out of a character's undergarments, though the company remains noncommittal the project, as if it were a joke. Another NFT game, Symbiogenesis, promised a "digital collectible art project" that was intended to launch in Spring, but spent the year stringing followers along with cryptic teases about gameplay elements.
Perhaps the non-committment can be attributed to the floor falling out from under NFTs in the last year, with as much as 95% of the assets now being essentially worthless.
In Kiryu's letter, he remarks upon the challenges emerging from COVID-19 pandemic, ongoing geopolitical turmoil, and inflation, and attributes this to a "rise in uncertainty in society". Emerging and "eye-catching" technologies such as the metaverse or "extended reality"
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