Crypto

NFT Final Fantasy 7 Coming Next Year

Square Enix is ​​a big supporter of “Web game 3“, the integration of cryptocurrencies and NFTs in video games. On Wednesday, it was announced that the gem of the company, final fantasy 7, will get its own NFTs next year. Type of.

The non-fungible tokens (NFTs) that Square Enix has in mind for Final Fantasy 7 are different from regular NFTs. The current trend is for artists and groups to post 5,000 to 20,000 NFT art packs that can be used as social media profile pictures. Bored Ape Yacht Club the most famous example, but there is many more successful collections of this kind.

Square Enix won’t go that route. Instead, NFTs will be pegged to physical goods that the Japanese gaming giant will release next year. To celebrate the 25th anniversary of Final Fantasy 7, Square Enix will be releasing a collectible card game and Cloud Strife figure next year. Those who purchase trading card packages will be able to redeem a virtual version that will exist as an NFT. Similarly, the $160 Digital Edition Plus Cloud Strife figure will come with an NFT version of the toy.

NFTs will be built on Polkadot, a blockchain that Significantly more sustainable than industry leaders Bitcoin and Ethereum.

Square Enix has repeatedly stated its interest in using the blockchain for games. In May he sold several western development studios, including Tomb Raider maker Crystal Dynamics, in part to fund blockchain adoption. In his New Year’s letter to investors and customers, Square Enix president Yosuke Matsuda acknowledged that the NFT market is “overheated” but wrote that token-economy games could usher in a new era of user-generated content.

Blockchain-based games are already making huge amounts of money, but not traditional gaming companies. In April, Yuga Labs sold $320 million worth of land for its upcoming Metaverse game in just three hours. However, the mainstream gaming audience rejects this idea. Ubisoft integrated NFT into Ghost Recon Breakpoint in December, but the trailer received so much criticism that the company removed it from YouTube. A similar backlash prompted GSM Game World to remove NFTs from their STALKER 2 game just 36 hours after revealing plans to integrate them.

However, the mainstream gaming audience rejects this idea. Ubisoft integrated NFT into Ghost Recon Breakpoint in December, but the trailer received so much criticism that the company removed it from YouTube. A similar backlash prompted GSM Game World to remove NFTs from their STALKER 2 game just 36 hours after revealing plans to integrate them.

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