Square Enix Undergoes Major Restructuring
It is reported that Square Enix, the developer of \”Final Fantasy\” and the Japanese game giant, announced a major restructuring. President Yosuke Matsuda will r…
It is reported that Square Enix, the developer of “Final Fantasy” and the Japanese game giant, announced a major restructuring. President Yosuke Matsuda will resign and is likely to completely withdraw from the company. Takashi Kiryu, who once served as the general manager of Square Enix in China, will be appointed as a new president, subject to the approval of the shareholders’ meeting. The reason for Matsuda’s resignation is unknown, but it is said that it may be related to his commitment to the NFT business. Previously, he said in Square Enix’s annual letter that he would adhere to the blockchain investment strategy and disclosed that he was developing several blockchain games based on original IP.
Yosuke Matsuda, president of Square Enix, resigned or related to his NFT business commitment
Interpretation of the news:
Square Enix, known for developing iconic video games such as Final Fantasy and Tomb Raider, has announced a major restructuring. The company’s president, Yosuke Matsuda, will be stepping down from his role, and it is speculated that he may be completely withdrawing from the company. The new president will be Takashi Kiryu, who previously served as the general manager of Square Enix in China. The appointment is subject to the approval of the shareholders’ meeting.
The reason for Matsuda’s resignation is unknown, but it is rumored that it may be related to his commitment to the NFT (non-fungible token) business. In the company’s annual letter, Matsuda had expressed his dedication to the blockchain investment strategy and revealed that he was developing several blockchain games based on original intellectual property (IP). It’s possible that the shift in leadership is a result of disagreements over the company’s direction in this area.
NFTs are unique digital assets that are stored on a blockchain, allowing for ownership and rarity to be verified. They have recently gained popularity in the art world, with artists selling NFTs of their work for millions of dollars. Video game companies have also begun exploring the potential of NFTs, with some creating games that use NFTs as in-game items or rewards.
The restructuring at Square Enix could have far-reaching consequences for the company’s future, including its impact on the development of blockchain games and NFTs. It’s unclear what direction Takashi Kiryu will take Square Enix in, but his experience as general manager in China could indicate a greater focus on the Asian market.
Overall, this announcement highlights the growing importance of NFTs and the blockchain industry in the video game world. As more companies experiment with these technologies, it will be interesting to see how they impact the industry and whether they become a core part of gaming experiences.
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