Square Enix Is Now Part Of A Blockchain

I was against this until I read it was eco friendly, that changes everything.

I don’t know much about NFTs and Blockchain. Is this a good thing, or does it not really matter, or what?

NFT's won't matter to most of us gamers and won't change the gaming experience we usually have with nintnedo games and that's the most important part people need to remember before jumping the gun.

It's like the gaming industry as a whole has a combined target of making itself worse year on year.

Well, sayonara SquareEnix.
I will not buy their product anymore when NFT and blockchain implemented.

Wow, good old Squeenix! Just one great decision after another with them.

I still don't understand most of this. What does it mean to "maintain records of blocks?"

I barely understand the nft stuff.

This is an odd new world we live in.

We are an “Eco Friendly blockchain” we only cause 95% of the harm others blockchains cause to the planet… because we care and are conscious

@Kiwi_Unlimited don't worry about it, the whole thing will disappear soon enough.

Can I get someone to explain to me how I can buy Squenix through the blockchain? That's how it works right, buy the NFT, and you own the company.

I still haven't heard a single use case for NFTs/Blockchain which will improve gaming...I'm not saying there aren't any, but no one seems to be able to articulate how this technology will make things better for gamers.

Remind me why they are still pursuing this? NFTs were a fad that started dying down after people gave further investigation. They still hold monetary value, but it is nowhere near as high as originally.

@RupeeClock It was a joke... NFTs are a scam.

it will have zero effect on gaming so i do not care...

Another Developer chucked on my never buy from as they are idiots list.
When Enix bought Squaresoft I knew it would go to crap and they would wring as much money as they can out of the end user, but never thought they would get down to this low point.

If they can't do games the right way before you think they would be able to do it now....NO. They are looking to make quick cash not make good games that people will keep buying and supporting. That's how a gaming company developer survives. Nickeling and diming people is fastest way to ruin and closures.

Square Enix should just change its name to Konami.

NFT’s still have zero relevance in games. And if Square keep up their bad decisions, they won’t have much of a future in gaming either.

@Mrkittyhead It is a technology that allows secure transactions, but depending on how it is implemented it might impact the environment or not (as in the case of cryptocurrencies that require power to generate). As a technology in itself it is complex and robust, it and enables people to genuinely own something digitally and with proof (both currency and, well, digital stuff). It is what enables the use of secure virtual money without the risk of someone stealing it, faking it, etc.

Ok everyone. I have one question. Putting aside discussions about what is the point of NFTs. Someone tell me what Square Enix is going to do with NFTs.
Like, every press release they do about them doing NFTs just say that they'll do it and how good they are but not actual concrete plans.
Like, microtransactions in their F2P games are going to be NFTs now? How'd that change the game? Is that even in their plans? To my knowledge, the only thing they did with NFTs is to use it as a receipt with some Cloud merch so... is that what they plan to do? I just don't get it.

Everybody still wants to be on Web 3....

A slightly more energy-efficient model of a completely unnecessary technology does not equal eco-friendly.

Before too long I will be solely playing retro games from the pre-NFT era. I have no clue how exactly NFTs can add anything of value to gaming, other than adding money making schemes to them, which I think is an extremely bad thing.

I'm seriously concerned about the environmental impact of server parks used for blockchain purposes and mining. What's wrong with the world?

Just keep it away from my games and I'll turn my eyes away

It's like hearing a villians monologue to make more cash and take over the world! Nyahaha! Twirls moustache

Whatever. As long as they keep making good Dragon Quest Games and 2D JRPGs they can do whatever that want as far as I'm concerned.

Good then I'm not part of Square audience anymore. Triangle Strategy is the last game I ever bought from them.

Yet again, Squenix is trend chasing, and I'm saying this as a fan of FFXIV and various other Squenix games. I get that you can't have all your eggs in one basket, but they've got a powerhouse with FFXIV, Dragon Quest, the HD-2D JRPGs, and FF7R. Especially with something as touchy as crypto and NFTs (I'm personally against them, not necessarily in concept but absolutely in practice), I don't think it's worth potentially burning all the goodwill they have after Endwalker, Live A Live, and 7R.

I’ll probably still buy their games because I like RPGs but I’m surprised that their still pushing nft’s even though 99.9 percent of people have made it very clear they abhor it. 😑

@Fizza they’re really serious about expanding outside of gaming. Sounds like Konami and casino machines. However, it working out for Konami, I don’t know what the future holds for NFTs and block-chaining

With rumors of an FF9 remake floating around, you can't put Vivi on a thumbnail! I almost pissed my pants!

I don't think I understood a single word in this article. Besides maybe the words "the", "with", and "cloud". I might have heard "a" somewhere before, too, but it all sounds like corporate-techno-mumbo-jumbo to me.

@UltimateOtaku91 Except some games are made with blockchan/nft in mind

@Faruko I haven't seen an NFT game that's actually fun yet. A lot of these games are built as "play-to-earn", which turns out to mean "spend hours of grinding to get whatever crypto token this game has and sell it for a price that works out to below minimum wage". It's actually sorta depressing, because a lot of players of games like Axie Infinity are from lower-income countries and rent out the required Pokemon-equivalent NFTs from rich owners and give em a cut of the sales.

Blockchain technology is interesting and will likely have significant applications within society in the future, but the current scope of it's use are usually trivial & frivolous at best- case & point smh.

... Wun can only hope.

@ModdedInkling My guess is that they are too far along with this and can't easily stop it. Sunk costs, basically. They sold their western cattle for a couple of beans that are most likely not magical.

@inenai "without the risk of someone stealing it, faking it, etc." Except people engage in criminal activity using crypto constantly, and there's tons of evidence thereof. I didn't know about the term "rug pull" until I started looking into crypto. For anyone who wants a decent summary of just how atrocious things are with crypto these days, google "web3 is going just great."

I'm listening when the game licenses themselves are NFTs and not a moment sooner.

SE is supporting NFTs, and Cloud Strife is advertising McDonalds — I think the glory days of Squaresoft are long gone.

It's a good thing that none of their games that are coming out soon interest me

rip Square-Enix.

@Zebetite Yes, because it is anonymous, exactly the way cash is, so it shares its flaws. But that is not a new problem. Just like the internet is not "good or bad", because it's just a tool, blockchain is also not good or bad, it is just a technology. Good or bad are the people who make use of it.

NFTs are dumb

Every time I hear “block chain” I think that it is some kind of puzzle game like Bust A Move/Puzzle Bobble.

NFTs and blockchains can bug*er off for all I care. SE officially sucks.

I'm not going to say Square Enix is the worst gaming company, but I will say no one has had a dumber 2022 than them.

@Mrkittyhead

It is stupid technical solution to problems you can solve cheaper and less energy consuming with classical servers and data bases.

NFTs are also depending on central servers where the data lies (the nft is the "reciep" ).
If that goes offline, you still have your NFT and you can trade it and proof you are the owner , but it leads nowhere and is worthless.

Vivi has shown his true colors and is really the Phantom Blot.

Congrats, Square Enix. You've ensured you will never see another dime of my money.

@Mrkittyhead
Yes, and No.
Yes it changes literally nothing, but it's more evidence than ever that they're basically doing the business equivalent of chasing skirts. It also means that they're going to be trying to insert it into things that people actually do care about, and they're going to be spending a ***** ton of money on upkeep for 0 additional value.

@inenai
But better versions of that already exist.
Steam Marketplace has been around for years and it doesn't. You know. Require the ritual sacrifice of puppies.

@MarioBrickLayer
Not really? Like, there is literally no reason for them, period.
They are literally just cloud data on a crapton of computers at once instead of just a few. We can already track what you own on a digital marketplace, just look at Steam's.

Wonder who will buy dragon quest when SE is financially ruined by this.

Glad they sold off all the IPs I was interested in lol

@jowe_gw I think it's just selling jpegs to morons that buy into the idea that they're worth anything lol

You'd think with the price hike in energy bills NFTs & crypto s*** would be less popular now that it's going to cost more running all the electronics 🤷‍♂️

Shame on you Squeenix.

This whole text was like reading alien language. Can somebody explain what they actually want, and want to do? I suspect it’s got something to do with making money.

NFTs: A solution looking for a problem.
I'm not touching anything NFT related. Just wait till they start to implement it into a game and that's how they will lose my money forever.

People should realize that when people say something is "eco-friendly," it translates to "outsourced pollution." True, it's eco-friendly to wherever the battery, solar panel, or what have you is located, but the manufacture and transport of the components to make those devices pose other, oftentimes larger, eco-problems elsewhere.

Didn't they notice the bottom fall out on that pyramid scam?

Good thing i'm not into any of their Games.

@Rika_Yoshitake "eco-friendly" in any crypto is not actually friendly to the environment. It all uses energy and the more blocks/computations it has to do to verify transactions the more intensive that energy usage is going to be.

The other issue with crypto is that it can go completely bankrupt and then anything and everything you had on it is gone at a whim (take Luna as an example)

How poorly Square has been lately with their studios, selling assets, and poor quality products I wouldn't be trusting them with something extremely speculative like crypto.

I'm not touching an NFT even if it came with an FF VI remake. That's how gross I think they are.

@inenai thank you to everyone who explained!

@Faited How is Steam Marketplace an alternative to blockchain technology? Steam owns everything there and could end everything if they wanted to or had to, in a Blockchain, only you are the sole owner of what you own, and no one can affect that unless they have the private key to access it.

I'm not defending proof-of-work, it's a sh*tty model and it's bad to the environment, and NTFs are not really justified 90% of the time, but most of the time people are just hating on the whole blockchain technology without even knowing what they are talking about.

@Mrkittyhead They were irredeemably evil, but if they can be done carbon-neutrally, then they’re only tiresome and predatory.