Square Enix is set to replace its long-time CEO Yosuke Matsuda with Takashi Kiryu in June. Matsuda was a vocal supporter of NFTs and crypto gaming during his tenure. Will Square Enix continue to pursue crypto efforts under new leadership?
Yosuke Matsuda, who has been Square Enix’s CEO for over 10 years, is set to be replaced this June. Matsuda is one of the first CEOs that were bullish on NFTs and crypto. During the last couple of years of his term, he had been outspoken in his support for NFTs and crypto gaming.
Square Enix, under his term as CEO, showcased his support of these digital assets which manifested in many projects in the pipeline. One of these projects is the NFT collection Symbiogenesis
In their 2022 new years letter, Matsuda highlighted its focus on the company’s growth on NFTs, blockchain games, and the metaverse.
Fast forward to march, the company announced that the new CEO would be Takashi Kiryu, who has attributed the change to chasing more technological innovation. This move has raised questions on whether Square Enix will continue its crypto efforts or take a different direction.
Square Enix
Square Enix, known for the iconic Final Fantasy series, has seen substantial growth over the years, and Matsuda played a substantial role in the company’s expansion. The change of leadership comes at a time when the gaming industry is rapidly evolving, and blockchain technology and NFTs have gained significant attention.
Under Matsuda’s watchful eye, Square Enix has made huge strides in the metaverse and has effectively positioned the company to be at the forefront of the metaverse. From partnerships with web3 games like The Sandbox, and the sale of Cloud Strife as a figurine NFT, the company has made significant investments in the metaverse. Does the change in leadership also mean a shift in direction?
Square Enix has yet to release any statements on its future plans for crypto and NFTs. It remains to be seen if Kiryu will continue the company’s previous efforts in this direction or shift the company’s focus to different technological advancements.
Final Thoughts
The gaming industry is witnessing a significant shift toward blockchain technology, and Square Enix is no exception. With the announcement of Matsuda’s replacement, the question on everyone’s mind is whether Square Enix will double down on its crypto efforts or take a new approach toward innovation in gaming. Only time will tell how this leadership change will affect Square Enix’s future in the industry.