In the midst of declining public interest in Non-fungible token (NFTs), game publisher Square Enix (NASDAQ: SQNXF) continues to put its trust in the beleaguered asset class with a series of innovations.
a report The Gamer noted that Square Enix has partnered with mobile game developer Gumi to help create a game based on blockchain technology. The deal is worth around ¥7 billion ($52.2 million) and will see both entities looking into using her NFTs in their games.
For details of the press release, metaverse It aims to “break away from the highly speculative blockchain games of the past” so it will stand out in future collaborations between companies. Other areas of partnership between Gumi and Square Enix include mutual use of networks and partnerships to improve the business environment. Web3 space.
The press statement confirms that in the future both parties may consider issuing security tokens backed by the upcoming mobile game Gumi, with Square Enix working on the development of “Wow and Earn”, play and earn Mode of game backed by blockchain.
Prior to the partnership with Gumi, Square Enix dabbled in NFTs, selling Cloud Strife characters as a digital collection in July. In November, the company announced her playable NFT art experience called Symbiogenesis. This is a game where players can compete for resources using collectibles as characters.
Despite initial interest in NFTs, Square Enix maintains plans to turn its largest franchise into a blockchain-based game.
Square Enix CEO Yosuke Matsuda said, “It’s too early to consider creating a Dragon Quest and Final Fantasy blockchain game.
Gumi and Square Enix have had deals in the past, with Gumi posting two games from the Final Fantasy series on the platform. There is widespread speculation of
Japanese game companies are fighting over NFTs
Japanese game publishers are doubling down on efforts to enter blockchain gameNintendo, Sega, Bandai Namco, and Konami are leading the charge.
Meanwhile, Sega has repeatedly confirmed that the future of gaming revolves around NFTs, “interactive titles that transcend the boundaries of traditional games.”
Bandai Namco has put its hat on the ring of NFT games with its groundbreaking announcement to create a metaverse for major games such as Dragon Ball Z, but Konami’s intentions are: Job Information NFT and Metaverse experts join the game development team.
Watch: BSV Global Blockchain Convention Panel, Blockchain: Data Power-Ups and NFTs for eSports & Online Games
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