Square Enix Releases Earnings Report, Doubles Down on NFTs

gamerant.com:

As well as revealing the financial results of the previous fiscal year, an earnings report can also give the public an idea of where a company plans to go with its future. Square Enix, the company behind Final Fantasy and upcoming game Forspoken, has just revealed its earnings report for the fiscal year ending on March 31, 2022. For many fans, there wasn't anything particularly exciting in the report, certainly when compared with the recent news that Square Enix was selling some of its Western studios to Embracer Group.

However, there was an indication of what Square Enix was looking to do in the future, and it seems that despite the opinion of some fans, the company will be continuing its efforts regarding NFTs and blockchain. NFTs have become a controversial topic, especially where gaming is concerned. While it does seem that in some ways the NFT bubble is apparently bursting, that hasn't stopped gaming companies from trying to jump on the bandwagon and make NFT games.

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Notably, Square Enix's president was very interested in the idea of NFTs and how the blockchain could work within gaming. While fans have been skeptical of this idea, some believe that Square Enix will not use NFTs as an extension of cryptocurrency. Instead, one fan wrote on Twitter that the Square Enix idea of NFTs could end up as more of a mobile-focused project, «basically just gacha units you truly own, track the value of and exchange,» one fan wrote on Twitter.

While it does seem unlikely that Square Enix will be selling Bored Apes any time soon, the idea of play-to-earn in gaming is enough to cause concern in a lot of players. Further in the earnings report, Square Enix