Video game development giant Square Enix has partnered with non-fungible token (NFT) platform Enjin (ENJ) to launch a digital and physical collection of Final Fantasy VII, one of the most acclaimed role-playing games in history.
In an ad, Enjin said that in order to get the NFTs, fans need to pre-order Final Fantasy VII 25th Anniversary merchandise from Square Enix’s official store. Products will include a code for the digital collectible counterpart that it will be redeemable on the NFT platform called the Efinity network in 2023.
According to Enjin’s CTO, Witek Radomsky, the association will have a good effect on digital assets and entertainment. The CTO pointed out that this is because Square Enix is making its way into the industry, setting an example for other large video game firms.
In May, the video game giant revealed its plans to issue tokens and make investments in the Web 3.0 gaming space. The company highlighted that it will launch more NFTs with its games as part of its business strategy for 2022. The success of its initial foray into the NFT market has pushed the company to seek more initiatives in the blockchain space.
Already in 2020, the game development company led an investment round for The Sandbox (SAND). With Square Enix and other investors, The Sandbox managed to raise $2 million in cash and digital assets.
Earlier in July, Cointelegraph Markets Pro spoke with Radomski in an “ask me anything” session. According to Enjin’s CTO, Once the bear market settles, blockchain games will emerge, with more established developers creating fun games with NFT-based utility, not just play-to-earn.
Meanwhile, experts clash over the place of virtual reality (VR) in the metaverse. While many believe that the metaverse and VR fit naturally with one another, others believe that the two should be developed separately without any consideration for each other.
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