Square Enix Enters The Web3 Space With The Introduction Of NFT Game

Key Points:

• Square Enix, the gaming firm behind iconic games like as Final Fantasy, Nier: Automata, and Tomb Raider, is ready to enter the Web3 field with the release of Symbiogenesis, its own blockchain game.
• Square Enix also designated Polygon as the blockchain on which they will create games, joining the ranks of other well-known companies throughout the world who have worked with Polygon.

Square Enix, the gaming company behind several successful video games, is ready to release Symbiogenesis, its first blockchain game.

Square Enix, the game company behind popular titles including as Final Fantasy, Nier: Automata, and Tomb Raider, is set to join the Web3 arena with the release of its own blockchain game.

The new game, Symbiogenesis, will be touted as “a gamified NFT-collecting experience” with a storyline about a mystery floating realm. Players will learn more about the game by collecting and exchanging NFTs throughout the game. The NFT will alter depending on the player’s actions during the game.

“Symbiogenesis was created from the bottom up on the blockchain and is meant to deliver an excellent experience for the gaming community and asset trading,” said Symbiogenesis creator Naoyuki Tamate.

Symbiogenesis, like previous Square Enix games, features several alternative endings, but according to the game maker’s declaration, only three players will acquire the unique ending. “World Mission” – determining the game’s finish and everything in it.

Square Enix also named Polygon as the blockchain on which they would build games, joining the ranks of prominent businesses worldwide who have partnered with Polygon. In the meanwhile, the in-game NFT will be activated on Ethereum. Square Enix will execute a campaign to expand the player community’s awareness of blockchain and its applicability to the gaming industry before to the game’s formal launch event in Q1/2023.

Square Enix is the gaming behemoth with the most optimistic view on blockchain technology. While some studios approached NFT just to respond to the “fever” in 2021, then abandoned their plans for fear of backlash from the gaming community, Square Enix views blockchain as a development direction. As stated in a statement made in early 2022, this is critical to the company’s future.

Last year, the business also sold the intellectual property rights to several of its games for $300 million in order to fund its blockchain gaming plan.

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