Giant in the video game industry Square Enix intends to release a Final Fantasy VII NFT collection in 2023
The leading video game producer Square Enix and Japanese entertainment giant Enjin have signed a partnership agreement, according to the non-fungible token (NFT) startup Enjin. As a result of the cooperation, the cross-chain network platform Efinity will launch Final Fantasy VII 25th Anniversary cards and figures.
Next year, Final Fantasy Non-Fungible Token Assets will be released by the Japanese software company Square Enix
According to a press release from Enjin, Square Enix intends to introduce NFTs associated with the company’s most well-known video game series Final Fantasy in 2023. 16 video games with a Final Fantasy (FF) theme have been released since the 1987 release of the FF video game series. Due to the popularity of the FF video games, which have sold 150 million copies worldwide, Square Enix has made about $13 billion. For a while now, the Japanese entertainment conglomerate has been considering a move into the blockchain and NFT industries.
Square Enix took part in a $35 million fundraising round for the fintech and bitcoin payments company Zebedee two days ago. Enjin announced on July 21 that Square Enix and Enjin would be putting out a Final Fantasy NFT collection in 2023. People can pre-order the commemorative action figure at the Square Enix Store now even though the FF NFT series won’t be available until next year. The premium physical item “will carry a code that can be redeemed for a digital counterpart of the figure via the Efinity network, a next-generation blockchain for NFTs, powered by Enjin,” according to the Singaporean business. The trading cards will be available for pre-order later this year.
Square Enix Final Fantasy’s digital collectibles will use Efinity, the Open Platform Toolkit, Nft.io, Enjin Wallet, and Enjin Beam following Mojang Studios decision to ban blockchain and NFTs
Enjin was the first NFT business to be approved by the UN Global Compact. Additionally, the business collaborated with Microsoft to develop “Microsoft Azure Heroes” and blockchain rewards. People possessing Learner NFTs from Microsoft and Enjin were able to access the “Mymetaverse Minecraft Network” at the time, which was incorporated with the Minecraft video game. On July 20, 2022, Mojang Studios, a Microsoft division that creates video games, announced that all of its servers and the Minecraft video game in general are now prohibited from using blockchain and NFT technology.
According to Enjin, its blockchain users, investors, and developers who are “eco-conscious” are the target market for its digital collector products. Enjin claims that the company is committed to becoming carbon neutral by the year 2030 and that the Efinity platform is built on top of the Polkadot network. Enjin’s Open Platform toolkit is being used by Square Enix to launch the Final Fantasy VII NFT collection. The online portal nft.io, the Enjin Wallet, and Enjin’s Beam product will all be able to house the video game developer’s NFTs.
