Since the beginning of the year, Square-Enix does not hesitate to express its interest in technologies related to NFTs and the blockchain. When the publisher separated from Crystal Dynamics and Eidos Montreal, it was specified that this money could be reinvested in these new technologies, showing once again the enthusiasm of Square Enix on this subject. But ultimately, it seems that this is not the case, at least according to the latest financial report from the publisher, translated by VGC.
Change of direction for the 300 million dollars
Yosuke Matsuda, president of Square Enix, who is not the last to declare that Square Enix wants to rush into the blockchain and the NFTs, announces today that the 300 million earned following the sale of these studios will instead be reinvested in the development of the publisher’s licenses :
” Rather than using the proceeds from the sale in new investment areas such as NFT and blockchain, we intend to use them primarily to fund our efforts to improve our licensing and development capabilities in our core segment. digital entertainment. »
All in all, more money for game development, less for NFTs, which is a small win for gamers. This isn’t the first time Square Enix has clarified that the money from the sale won’t go directly to these new technologies, but it’s now even clearer.
Matsuda also takes the opportunity to explain in more detail the reasons for the sale of these studios, explaining that he wants to carry out a ” catalog redirection “, while mentioning the fact that online games represent a great interest for the publisher, even if Square Enix will not focus exclusively on that in the future.