After Matsuda said that the company would focus on Web3, Square Enix began working on different projects in this area. They joined forces with other companies that are experts in Web3, like Polygon and Animoca Brands.
However, on March 2nd, 2023, Square Enix announced that the CEO (the person in charge of the whole company) would be stepping down. The company said they wanted to change the management team.
Because Matsuda was the one leading the Web3 effort, people who are interested in Web3 are worried about what will happen next. They want to know if Square Enix will continue to use blockchain technology in the future.
Yosuke Matsuda is the leader of Square Enix, a big gaming company that is exploring a new technology called Web3. Matsuda made a big deal to sell some of the company’s studios to get money to develop Web3 games.
Some gamers are worried about the company investing too much in blockchain technology, but Matsuda said in a letter that the company will keep working on Web3 games in 2023. He was very excited about this new technology and said that Square Enix will make new games that use blockchain.
However, on March 2nd, 2023, Square Enix announced that Matsuda will no longer be the CEO. Takashi Kiryu will replace him. Square Enix said this change is part of their plan to make the company better.
Square Enix stated in an official statement:
“Under the rapid change of business environment surrounding the entertainment industry, the proposed change is intended to reshape the management team with the goal of adopting ever-evolving technological innovations and maximizing the creativity of the company’s group in order to deliver even greater entertainment to its customers around the world.”
On February 15th, 2023, Square Enix said they will work with a company called Polygon to launch a new Web3 game called Symbiogenesis in spring 2023. In this game, players will collect digital art and play a turn-based adventure game. The game will also have sustainable Web3 features to help players trade their digital collectibles.
The company will use Polygon to make the game work better and faster. They will also release more Web3 games in 2023, as Matsuda said in his letter.
In June 2022, Square Enix partnered with another company called Animoca Brands to make a system where players can collect digital items from their games.
Square Enix is a big and famous gaming company that made many popular games like Final Fantasy and Dragon Quest. They started exploring Web3 with Matsuda, and even though he is leaving, they will keep making Web3 games.
