Game development giant Square Enix partnered with nonfungible token (NFT) platform Enjin (ENJ) to produce an electronic and physical collection featuring Final Fantasy VII, a very popular gaming series.
Within an announcement, Enjin stated that to obtain the NFTs, fans must pre-order Final Fantasy VII’s 25th-anniversary products at Square Enix’s store. These products includes a code towards the digital collectible counterpart which may be redeemed in the NFT platform known as the Efinity network in 2023.
Based on Enjin CTO Witek Radomski, their bond have a good impact on digital assets and entertainment. The CTO noted that it is because Square Enix is making its distance to the, setting a good example for other big gaming firms.
In May, the gaming giant revealed its intends to issue tokens making investments within the Web3 gaming space. The firm highlighted that it’ll launch more NFTs which consists of games included in its 2022 business strategy. The prosperity of its initial head to NFTs has pressed the firm to pursue more initiatives within the blockchain space.
In 2020, the sport development firm brought a good investment round for that Sandbox (SAND). With Square Enix along with other investors, The Sandbox could raise $two million in cash and digital assets.
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Earlier in This summer, Cointelegraph Markets Pro spoken with Radomski with an ask-me-anything session. Based on the Enjin CTO, when the bear market settles lower, blockchain gaming will emerge, and much more established developers can create fun games with NFT utility, and not simply playing to earn.
Meanwhile, experts are clashing on virtual reality’s (VR) devote the Metaverse. Even though many think that the Metaverse and VR really are a natural match one another, some think that the 2 should develop individually with no mutual factors.
