Square Enix joins a blockchain, looks forward to ‘harnessing user contributions’

Square Enix has been one of the most bullish of the major publishers in announcing its intention to seriously invest in blockchain technology. At the start of the year, president Yosuka Matsuda said the company intends to “ramp up our efforts to develop a business accordingly, with an eye to potentially issuing our own tokens in the future.”

What exactly that might mean remains to be seen, though one unexpected outcome was Square Enix selling off its Western studios and series like Deus Ex and Tomb Raider to Embracer group for roughly $300 million. A good chunk of this money was earmarked for Square Enix’s crypto projects and, when discussing last year’s financial results, it kept on banging the drum for blockchain, NFTs and other things that fung in the night.