Square Enix Announces Symbiogenesis, A Story-Driven NFT Interactive Experience – Blockchain Bitcoin News

Square Enix, the Japanese AAA game developer and publisher, announced the launch of a new NFT-based game franchise, titled Symbiogenesis. The experience, which will be built on top of Ethereum, will leverage the use of NFTs (non-fungible tokens) as art that users can set as profile pictures and use in a separate NFT market.

Square Enix announces the Symbiogenesis NFT project

Square Enix, one of the leading Japanese gaming companies, has announced Symbiogenesis, one of its first NFT-based interactive experiences. On November 3, as part of the company’s participation in the India Game Developers Conference, Square Enix finally cleared up the mystery surrounding the game, believed to be related to the Parasite Eve franchise due to its name.

However, Square Enix announced that the premise of the game was very different. The upcoming experience will revolve around a series of character “symbioses”, which will be available to be collected as digital art in the form of NFTs. These art NFTs will be part of the story as characters who solve a series of quests related to themes such as “monopolization and distribution of resources.”

Square Enix indicated that the game would use Ethereum as part of the blockchain element for Symbiogenesis. The game is set for release in spring 2023.

Square Enix’s Web3 commitment

While this is the first project the company is building from the ground up with Web3 in mind, Square Enix is ​​one of several traditional AAA game companies that have signaled their support for this kind of decentralized element in games.

The company declared itself open to exploring the development of blockchain games as part of a recent partnership with Oasys, a Japanese Web3 gaming blockchain project. Square Enix is ​​also participating as a validator for the Oasys blockchain, which is currently launching its mainnet.

In May, Square Enix made blockchain part of its business strategy, indicating that it would consider launching new IPs that feature NFTs as part of its world-building elements. Symbiogenesis description goes in line with these statements.

Major franchises of the company have also been selected to be used as themes for NFT products in the future. In July, Square Enix announced that they would be releasing an NFT collection of the blockbuster Final Fantasy VII as part of the franchise’s 25th anniversary celebration. These will be issued on top of the Efinity network powered by Enjin.

What do you think of Square Enix’s Symbiogenesis NFT experience announcement? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price spike occurred during December 2017. He has a computer engineering background, lives in Venezuela and is influenced by the cryptocurrency boom on a social level, offering a different point of view on crypto success and how it helps the unbanked and underserved.

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