I was extremely disappointed to read this morning that Square Enix is embracing NFTs and other crypto-related schemes (as seen in
this letter from the President of Square Enix, Yosuke Matsuda).
Much has already been said about environmental harms caused by existing approaches to crypto mining, notwithstanding potential (and, as-of-yet, largely unproven) ostensibly less-harmful alternatives. It is also plain for anyone with eyes to see that the crypto world is chock-full of scam artists, Ponzi schemes, and various other frauds. Beyond this, however, the continued financialization of gaming is a troubling development. Games have already seen the advent of paid downloadable content (some of which is fine!), microtransactions, extortive battle-pass type systems, not to mention lootboxes and the like. The last thing we need is yet another avenue for game publishers to extract revenue from their players.
In his letter, Matsuda writes:
Couching further financialization of gaming as catering to a heretofore purportedly underserved market of people who "play to contribute" is laughable at best. Games are not some new medium; I find it hard to fathom that there is some large market waiting to be served games which they care not to play, but instead to "contribute" to in some way. Frankly, it's hard for me to imagine what is even meant by this. Is tossing a Raise to a fallen adventurer in Bozja not contributing to the game?
On a personal level, this is a very disappointing development. I've been playing FFXIV since the second or third ARR beta, and truly love the work that YoshiP and the FFXIV team have done. However, I am loathe to contribute to the financial success of a company seeking to further financialize gaming, again notwithstanding the other rampant issues with crypto-related technologies.
Gonna have to think hard about whether to continue my subscription in light of this development.