Square Enix Launches its First NFT Based Game

Square Enix, the game developer behind iconic games like Final Fantasy, Dragon Quest, and Space Invaders, has released its first NFT game, Symbiogenesis. The game will be built on the Ethereum blockchain and will be addressed towards Web3 fans as the firm attempts to create a presence in this rapidly changing field.

Symbiogenesis was unveiled at a Web3 session on Thursday, conducted within the India Game Developers Conference (IDGC).

The game is “set in a self-contained world where a wide cast of characters symbiotically  interact.” These characters can be collected as NFTs and used as social media profile pictures (PFP) or as characters in a story that takes place in “an alternate world where the player can ‘untangle’ a mystery by completing missions that revolve around questions of resource monopolization and distribution.”

The sale of the NFTs, on the other hand, is scheduled for the spring of 2023. Square Enix spent several years preparing Symbiogenesis as the corporation wanted to position itself in the Web3 market. The space is rapidly taking shape, and it is fuelled by digital tokens, with many considering it to be the next version of the internet.

Square Enix Has Been Interested In Web3 For A While

Square Enix initially expressed interest in the field in 2019 when its president, Yosuke Matsuda, noticed the potential influence blockchain may have on future games. And he was correct, as the blockchain gaming space has grown by over 2,000% in the last year. In addition, prominent businesses in the NFT and blockchain gaming area raised more than $10.5 billion in the first half of 2022.

Following its recognition of blockchain’s potential in 2019, Square Enix will lead a $2 million investment round in Sandbox in March 2020 the following year. The next year, in partnership with Double Jump, the business released digital stickers (NFTs) for Million Arthur. Toyko is a Web3 design studio.