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Square Enix wants to make NFTs that 'emphasize world view and story'

Square Enix reveals more of its early NFT plans, says it will make a new brand/IP that 'emphasizes story and world view'

Published Jun 23, 2022 1:50 PM CDT   |   Updated Mon, Jul 18 2022 6:26 PM CDT
2 minutes & 23 seconds read time

Square Enix lays out peculiar-sounding NFT plans that include using non-fungible tokens to tell stories in its upcoming games.

Square Enix wants to make NFTs that 'emphasize world view and story' 1

In a recent shareholders meeting spotted by Suzuki Online and Siliconera, Square Enix talked about its new strategy with NFTs. The company is going ahead with its blockchain entertainment segment but plans are still early.

According to slides that we ran through an online PDF machine translator, Square Enix has ambitious to create NFTs that tell some sort of story. The company has plans on "launching a new brand/IP of creative NFT that emphasizes world view and story." There's no further details on exactly what this means.

Square Enix President Yosuke Matsuda did say that these strategies are still in planning stages. "It's still a bit too early to consider making Dragon Quest and Final Fantasy blockchain games, and we're not at the stage of thinking about that yet."

Square Enix wants to make NFTs that 'emphasize world view and story' 2022

Read Also: Final Fantasy franchise sales: Top-selling Final Fantasy games ranked

We do know, however, that NieR, Final Fantasy, Dragon Quest developers are interested in NFTs.

NFTs aren't just limited to images but can be videos and playable experiences of sorts. It'll be interesting to see if Square Enix releases more NFTs based on wholly-owned IPs that somehow interact with its games, however it's worth noting that the company has had many fledgling starts it nascent technologies including AR/VR and cloud streaming.

In the past, Square Enix has enjoyed small success with its Million Arthur NFTs. Many of the companies ideas sound almost too good to be true:

Square Enix has also invested a record $792 million into games development projects, which includes new AAA hits like Final Fantasy XVI, Final Fantasy VII Rebirth, Kingdom Hearts 4, and new technologies like blockchain.

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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