Fun

Square Enix Announces Symbiogenesis, a Story-Driven NFT Interactive Experience

News Feed - 2022-11-07 08:11:59

Square Enix Announces Symbiogenesis, a Story-Driven NFT Interactive Experience


Square Enix, the Japanese AAA game developer and publisher, announced the launch of a new NFT-based gaming 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 Symbiogenesis NFT Project


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


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


Square Enix indicated that the game would be using 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 one of several traditional AAA gaming companies that has signaled its 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 it would be contemplating the launch of new IPs containing NFTs being part of its world-building elements. Symbiogenesis’ description goes in line with these statements.


Large franchises of the company have also been selected to be used as themes for NFT products in the future. In July, Square Enix announced it would be dropping an NFT collection of its blockbuster hit Final Fantasy VII as part of the celebration of the 25th anniversary of the franchise. These will be issued on top of the Efinity network powered by Enjin. Tags in this story Blockchain, Ethereum, final fantasy, Japan, nft, oasys, square enix, Symbiogenesis, Web3


What do you think about 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 rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Vietnam Businesses Urge for Blockchain Training of Students and IT Specialists BLOCKCHAIN | 1 day ago Microsoft Backs Wemade"s Blockchain Push in $46 Million Investment Round BLOCKCHAIN | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons, Casimiro PT / Shutterstock.com Previous articleArgentine Digital Peso Proposal: Eliminate Tax Evasion by Digitizing the Full Fiat Currency Supply Next articleExperience the Blockchain-Powered Future of Finance, Smart Cities, and the Creator Economy at Decipher, 28th-30th November in Dubai Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method

News Feed

Ray Salmond10 hours agoWeb3 advocate and author Alex Tapscott on the future of blockchain mass adoptionAlex Tapscott says Web3 offers “a set of tools” that can be used to “build new business models, to create new k
Ezra Reguerra14 hours agoDota 2, Rocket League pros ‘want to explore’ Web3 and blockchain gamingProfessional Dota 2 player Erik “Tofu” Engel believes that Web3 has very beneficial features for gamers.5958 Total v
Elon Musk: Bitcoin Will Make It — Dogecoin to the Moon
Elon Musk: Bitcoin Will Make It — Dogecoin to the Moon Tesla CEO and Twitter chief Elon Musk has made bullish statements about bitcoin and dogecoin despite crypto market sell-off
Jesse Coghlan7 hours agoCrypto custodian Prime Trust files for Chapter 11 bankruptcyThe crypto custodian’s bankruptcy comes as it’s been unable to honor customer withdrawals for months.3798 Total views22 Total shares
More Needs to Be Done to Ensure Tanzanians Understand the Risks of Crypto Trading, Says Blockchain Educator
More Needs to Be Done to Ensure Tanzanians Understand the Risks of Crypto Trading, Says Blockchain Educator Tanzanians are embracing cryptocurrencies but more work still has to be
What Indian Crypto Exchanges Are Doing to Protect P2P Users
What Indian Crypto Exchanges Are Doing to Protect P2P Users With the Supreme Court of India postponing the crypto hearing, the Indian crypto community is calling for better prote
Firm behind world’s fastest Bitcoin miner raises another $80M
Tristan Greene6 hours agoFirm behind world’s fastest Bitcoin miner raises another $80MAuradine’s previous funding round brought in $81 million and was led by Marathon Digital Holdings.1818 Total views2 Total sharesLi
Report: Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure
Report: Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million f
Japanese public firm Metaplanet buys another $2.5M of Bitcoin
Helen Partz14 hours agoJapanese public firm Metaplanet buys another $2.5M of BitcoinAfter completing the latest purchase, Metaplanet holds 203,734 BTC bought at an average price of around $62,000 per coin.2098 Total view
Spot Bitcoin ETF inflows surge, but BTC struggles to rally above $65K
Marcel Pechman1 hour agoSpot Bitcoin ETF inflows surge, but BTC struggles to rally above $65KArbitrage trading of the spot BTC ETFs and a drop in demand for inflation hedges could be limiting Bitcoin’s price upside.414
Turner Wright5 hours agoWill Sam Bankman-Fried fix his case when he takes the stand?The former FTX CEO will take the stand in his own defense. Will it be enough to counter the narrative introduced by former employees and
JPMorgan Estimates Ethereum Shanghai Upgrade Might Bring More Investors to Stake in the Protocol
JPMorgan Estimates Ethereum Shanghai Upgrade Might Bring More Investors to Stake in the Protocol JPMorgan, one of the biggest financial institutions in the world, estimates that th