Square Enix has released a financial report, which reveals that its Digital Entertainment sector has seen a rise in income, largely thanks to Final Fantasy XIV. It reveals that net sales and operating income within that sector have risen year-on-year, and attributes this success to the MMORPG. Square Enix specifically highlights the release of Final Fantasy XIV Endwalker as a major contribution. [Thanks, 4Gamer!]
Sales for Final Fantasy XIV saw an increase due to the release of the Endwalker expansion. Additionally, the significant increase in the number of monthly subscriptions for the MMORPG has bolstered profits for the company. In August 2021, Square Enix echoed a similar statement regarding the growth of the MMORPG and its surge in popularity. However, this isn’t the only notable mention within the financial report.
Square Enix will be looking to further its efforts in investing and promoting blockchain-related projects. Due to the results and feedback of its endeavors within that market through the distribution of Million Arthur NFTs, it will be looking to produce another “season” of NFTs. In January 2021, Square Enix President Yosuke Matsuda released a message in which he expressed interest in the NFT market and the idea of “play to earn” as a concept.
The financial report also reveals that Square Enix will be looking to launch a new NFT brand and IP, with story-focused and world-building elements. How this will potentially appear has yet to be seen, as more information about these initiatives will appear in the future.