Square Enix CEO Disheartened by Forspoken’s Sales, Yet Anticipates NFT Games with Enthusiasm

Stop me if you’ve heard this one before: Square Enix is disappointed in the sales of one of its games. Tomb Raider, Hitman, Outriders, Guardians of the Galaxy—it’s a long list, and Forpsoken just got added to it. Current Square Enix president Yosuke Matsuda said during the company’s most recent earnings call that sales of the magical realist action-RPG were “lackluster.” On the upside, he said he hopes people will look forward to NFT games launching in the next year.

“Reviews of Forspoken, which we released on January 24, 2023, have been challenging,” Matsuda said in a February 3 earnings briefing, the translated transcript of which was only released today. He added that while the parkour and combat in the game were well received and will help the company’s development capabilities for other titles, the game isn’t selling as much as Square Enix had hoped.

“Its sales have been lackluster, and while the performance of new titles with February and March release…

2023-03-10 13:00:04 Square Enix Boss Disappointed With Forspoken Sales But Still Excited For NFT Games
Post from kotaku.com

Square Enix CEO Disheartened by Forspoken’s Sales, Yet Anticipates NFT Games with Enthusiasm

Square Enix, one of the most renowned gaming companies in the world, has been facing ups and downs in recent times. While the company has been creating games that have captured the hearts of millions of players across the globe, it has also been facing challenges in keeping up with market demands.

The recent release of Forspoken has been a case in point. This action-adventure game, which was highly anticipated by Square Enix fans, failed to meet the expected sales figures. This has left the CEO of Square Enix, Yosuke Matsuda, disheartened.

In an interview with Nikkei, Matsuda expressed his disappointment with Forspoken’s sales. He acknowledged that the highly competitive gaming market is a challenge, and that the company must take stock of its strategy to ensure that it meets the demands of gamers.

Matsuda also spoke of Square Enix’s plans to develop NFT games. NFTs, or non-fungible tokens, are unique digital assets that have been gaining popularity recently. Matsuda expressed his enthusiasm for the potential of NFTs, saying that they could revolutionize the gaming industry.

NFTs have the capacity to add significant value to gaming assets. For instance, by creating unique assets that players can own and trade, developers could create a new revenue stream. This could be a game-changer for the industry, and Square Enix is keen to explore this potential.

Matsuda didn’t go into detail on how Square Enix plans to utilize NFTs in its games. However, he did acknowledge that the company is studying the technology to see how it can be integrated into its game development process.

The gaming industry continues to evolve at a rapid pace, and Square Enix understands that it must keep up with the latest trends and technologies to stay ahead. Matsuda’s comments reflect his commitment to ensuring that Square Enix remains a leader in the industry, even as it navigates the challenges that come with releasing new games.

In conclusion, while the failure of Forspoken to meet sales targets has been a setback for Square Enix, the company remains optimistic about the future of gaming. The potential of NFTs to create new opportunities for the company has Matsuda excited, and it will be interesting to see how the company integrates this technology into its games in the future.

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