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Final Fantasy Maker Square Enix unveils its first Ethereum NFT game

In short

  • Video game publisher Square Enix has unveiled Symbiogenesis, an Ethereum NFT-based web game.
  • Square Enix first showed interest in blockchain in 2019 and have made a number of moves around NFTs and Web3 since then.

After developing and publishing some of the most successful video game franchises of all time, including Final Fantasy and Tomb Raider, Square Enix has increasingly turned his attention at Web3– and now the Japanese firm has unveiled its first game that will use NFTs: Symbiogenesis.

Announced today, Symbiogenesis is described as a “digital collectible art experience” anchored by NFT artwork, which works in-game and can also be used as social media profile picture (PFP). It is an all-new franchise for Square Enix, rather than an expansion or spin-off of existing IP, and is tentatively scheduled to launch on Ethereum in the spring of 2023.

Rather than a robust and immersive traditional video game experience, Symbiogenesis is described as a story-driven web platform that features interactive elements. Players will control their NFT-based character as they “‘unravel’ a mystery by completing missions that revolve around issues of resource monopolization and distribution,” according to an official description.

An NFT is a blockchain token which can serve as the title deed for a single item, often for digital goods like artwork, collectibles, and interactive video game items. In this case, Square Enix will be selling a range of characters as PFP artwork that can also be connected to an online game experience.

Square Enix first showed interest in the Web3 space in early 2019, when President Yosuke Matsuda pointed to blockchain technology as a potential key component of future games. In March 2020, the company led a $2 million investment round in game metaverse The sandbox.

Square Enix first entered the Web3 space in 2021 with the Japan-only launch of NFT “digital stickers” for the Million Arthur anime and video game franchise via the LINE blockchain platform, in collaboration with Web3 studio Double Jump.Tokyo. Later that year, the editor noted growing ambitions in the blockchain spaceincluding NFT powered games.

Earlier this year, Square Enix sold several franchises (including Tomb Raider) and studios for $300 million, in part to fund new Web3 efforts. Also this year, Square Enix announced plans to bring his Dungeon Siege franchise to The Sandboxand launch NFTs related to Final Fantasy collectible figures hit on Enjin Spottedplatform based on.

As with other traditional video game publishers and developers entering the Web3 space, such as Ubisoft and Team17—Square Enix faced considerable backlash from fans.

Some players have strongly opposed NFTs due to the presence of crypto scams and the hope that publishers will use them as a way to extract more value from players. Critics also cited the environmental impact of Ethereum NFTs, although this complaint was actually killed through the network recent fusion upgrade.

Symbiogenesis is no different, and this morning’s announcement has already been met with grunts from roleplaying fans. The IP mark had previously disclosed ahead of today’s announcement, and widely rumored to be either a remake of the popular 1998 game, Parasite Eve, or a new entry in that series. Instead, it’s a brand new Ethereum NFT game.

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