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- Square Enix, the developer of Final Fantasy, Kingdom Hearts, and Dragon Quest, will launch its first web3 game Symbiogenesis on Polygon instead of Ethereum’s mainnet due to its faster and cheaper transaction fees.
- Symbiogenesis will be built around 10,000 character NFTs tied to strategic game mechanics, and character NFT holders can create “replica NFTs” to share story information with other players.
- Square Enix has been actively exploring the web3 space, having participated in investment rounds for the Sandbox, brought its Dungeon Siege franchise into the metaverse game world, and partnered with Enjin, Oasys, and Zebedee to incorporate blockchain technology and NFTs in its games.
Japanese gaming giant Square Enix, the developer of Final Fantasy, Kingdom Hearts, and Dragon Quest, announced recently that they will launch their first web3 game Symbiogenesis in Polygon.
The game was priorly announced as an Ethereum (non-fungible token) NFT-driven game, however, as per the announcement it seems that the game will be on the scaling network instead of on Ethereum’s mainnet.
According to the game publisher, although they tentatively planned to launch on Ethereum, they decided to use Polygon instead as it uses a sidechain to offer faster and cheaper transactions than the mainnet.
“Square Enix opted to tap into Polygon’s high transaction speeds, low gas fees, and overall user-friendliness to deliver this unique experience to Web3 fans,” game producer Naoyuki Tamate said in a press release.
Moreover, Square Enix also shared other details about their new game. Symbiogenesis will be built around 10,000 character NFTs tied to strategic game mechanics. In addition, character NFT holders can also create “replica NFTs” to share story information with other players.
Square Enix in the Web3 Space
- 2019 – Square Enix also participated in a $2.01 million investment round for the Sandbox.
- 2020 – the company brought its Dungeon Siege franchise into the metaverse game world of The Sandbox—the venture includes an interactive experience on Square Enix’s owned LAND in the shared online world.
- March – it became a strategic advisor for the Blockchain-based collectible card game Cross the Ages.
- May – it signed a share transfer agreement with Sweden-based Embracer Group AB, and sold some of its overseas studios and Intellectual Properties (IPs) to “launch new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.”
- July – Square Enix partnered with Enjin to launch a physical and digital collection of Final Fantasy VII–the digital collectibles will be available this year. In the same month, the company invested in the Bitcoin gaming startup Zebedee where it helped the startup raise $35 million in a Series B funding round.
- September – Square Enix announced its partnership with blockchain company Oasys to “explore the possibility of harnessing user contributions in the development of new games.”
- November – they launched their first web3 game, an Ethereum (non-fungible token) NFT-driven game called Symbiogenesis. The NFT game allows players to buy and sell virtual goods in the metaverse and features “a wide cast of characters’ symbiosis, all of which can be collected as digital art.”
- December – Square Enix had invested 7 billion yen of common stock into Gumi, a Japanese video game developer, and publisher, to create games that incorporate blockchain technology and NFTs.
This article is published on BitPinas: Final Fantasy Maker Square Enix to Launch NFT Game on Polygon
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