Square Enix hasn’t made such a leap in the stock market since August last year.

Square Enix started the year with a controversial move. Not long ago, we learned that the company’s CEO is embracing NFTs and blockchain technology in video games and is even proposing the creation of a cryptocurrency of its own. These statements generated a severe wave of criticism against the company, even leading to a possible boycott among Final Fantasy XIV players.

Square Enix shares up eight per cent on the stock market

Despite the general discontent, the numbers prove Square Enix right. As Bloomberg shared, the Japanese company’s shares rose on the stock market following the NFT announcement. We’re not talking about a few tenths of a per cent difference: the company’s stock is up 8%, the most since August last year, and a good indication of investors’ vision for NFTs.

After all, the company has not only expressed its enthusiasm for blockchain technology but has also touched on concepts that are gaining resonance in the industry, such as the metaverse. Although the idea is rejected by a large part of the user base, this development, which affects the company’s economics, could be a key element in developing future games.

Source: Bloomberg