Japan’s Square Enix Circles Blockchain Gaming Investment

It seems that Square Enix has ambitious plans for 2023. The firm hopes that this year will mark a “major evolution and transformation.”

The Japan gaming giant, best known for developing video game franchise Final Fantasy, has plans to take stakes in “promising businesses,” whether they’re based at home or overseas.

According to the latest reports, Japan has been openly exploring the integration of Web3 technology into government systems, with Prime Minister Fumio Kishida saying in a speech that the country wants to expand the use of Web3 services utilizing the metaverse and NFTs.

Square Enix has three investment focuses this year, but the priority area is blockchain entertainment.

“Looking externally, I think it is fair to say that blockchain gained significant recognition as a field in 2022, as evidenced by ‘Web 3.0’ becoming a firmly established buzzword among businesspeople,” company president Yosuke Matsuda said in a letter released Sunday.

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Crypto veteran Erik Voorhees is predicting when Bitcoin (BTC) will go on its next bull run. He is also reflecting on 2022.

In a new interview with the Bankless podcast, Voorhees made sure to explain the fact that it will not take another decade for a crypto bull market.

The ShapeShift CEO says that Bitcoin could soar by nearly 140% from its current value as soon as this summer. At the time of writing, Bitcoin is changing hands at $16,747.

“It won’t be 10 years. If it takes 10 years for the bull market to happen, probably the whole thing failed. So I’m happy bounding it in that way. I would guess it’s sometime in the next six months to three years. I think that’s generally how long it takes people’s minds to start changing and speculative cycles to return.”