Square Enix to release NFTs for its “Final Fantasy” series on Enjin’s Efinity
- Enjin's Efinity blockchain is a leading NFT ecosystem.
- Square Enix intends to devote more resources to blockchain technology
- In the collaboration Enjin is to provide an NFT infrastructure with its Efinity blockchain.
Video game developer Square Enix is planning to release non-fungible tokens (NFTs) for its ‘’Final Fantasy’’ series on Enjin’s Efinity blockchain. The NFTs to be released will be for the Final Fantasy VII 25 Anniversary cards and the miniature series.
After the release, customers can purchase commemorative action figure tickets that they can use to redeem the NFTs version of figures. However, only preorders for the figures are available at the moment with the trading cards’ preorders expected to commence later in the year.
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Integrating NFTs into the gaming platforms has received a lot of criticism from the community and it’s still unclear how Square Enix fans will react to this decision. A similar case scenario is the S.T.A.L.K.E.R game developed by the Ukrainian GSC Game World that avoided integrating NFTs in their S.T.AL.K.E.R.2 after they received negative comments from the gamers.
Square Enix ventures into the Blockchain Technology
Square Enix president, Yosuke Matsuda, had previously suggested that the company might be venturing into blockchain technology this year by allocating more of its resources to it.
On January 1 this year, Matsuda wrote a letter stating that the company was planning to create its tokens, however, the NFT space was being faced with illogical trading.
In the letter he stated:
“This, obviously, is not an ideal situation, but I expect to see an eventual right-sizing in digital goods deals as they become more commonplace among the general public, with the value of each available content corrected to their true estimated worth, and I look for them to become as familiar as dealings in physical good.”
Since then, Square Enix has invested more in cloud computing, blockchain technology, and artificial intelligence selling $300 million in studios and intellectual property.