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Square-Enix Replace NFT Obsessed CEO

First I’m going to explain an NFT so those who don’t know can keep up. NFT stands for Non-Fungible Token, currency that you can’t use. NFT’s have been mostly used for crypto scams and they are mostly just JPEGS of terrible art and try to create a limit on something where there doesn’t need to be. NFTs are scams because you can just take a screenshot. People try to buy or collect NFT’s to sell for real money when they really aren’t getting anything.

Alright, in an article from Ethan Gach of Kotaku reporting this, after a massive decline in profits Square replaced their CEO, Yosoke Masuda. I feel like his choice to announce an interest in NFT’s when most were proven scams and a desire to add them to games started the downhill in profit for them. Most of Squares recent games have been online so many were likely scared to play anything from them due to a fear of getting scammed. Online espicailly may have this issue considering real money involved. Furthermore, despite their large catalog of games, most of their online ventures either survive a month or go without updates. Forsaken died a month after launch as Square may be unaware online games need time not to mention people were likely saving for Hogwarts Legecy rather than a game that Squares history with online told everyone bare bones content and will likely die before gaining an audience or even after an audience no updates and server shutdown. They have an endless loop and no one really knows how long the Final Fantasy games will last.

While most are worried or skeptical of the new CEO, Takashi Kiryu, we really can only wait and see what he does. It does not seem to be going well as Forsaken was shown to be a loss for Square and the Symbiosis NFT centric game trailer by Square was mass downvoted and no one seems happy. My guess is Square really doesn’t know where it went wrong and believes NFT’s, Live Services, and inability to learn from mistakes makes progress.

Sources:

gameresponse

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