According to the non-fungible token (NFT) company Enjin, the firm has inked a deal with the Japanese entertainment conglomerate and leading video game developer Square Enix. The partnership will produce the launch of Final Fantasy VII 25th Anniversary cards and figures on the cross-chain network platform Efinity.
Japanese Software Developer Square Enix to Issue Final Fantasy Non-Fungible Token Assets Next Year
Square Enix has plans to release NFTs tied to the company’s most popular video game series Final Fantasy in 2023, according to a press announcement stemming from Enjin. The Final Fantasy (FF) video game series was released in 1987 and 16 FF-themed games have been published since then. The FF video games have been commercially successful and the 150 million copies sold have given Square Enix roughly $13 billion in revenue. The Japanese entertainment conglomerate has been interested in entering the blockchain and NFT space for quite some time.
Two days ago, Square Enix participated in a $35 million funding round for the fintech and bitcoin payments firm Zebedee. According to Enjin’s announcement on July 21, Square Enix and Enjin will release a Final Fantasy NFT collection in 2023. While the FF NFT series will not be released until next year, people can pre-order the commemorative action figure today at the Square Enix Store. “The deluxe physical product will include a code that can be redeemed for a digital version of the figure using the Efinity network, a next-generation blockchain for NFTs, powered by Enjin,” the Singapore company detailed. “Pre-orders for the trading cards will go live later this year.”
Enjin’s Announcement Follows Mojang Studios Banning Blockchain and NFTs — Square Enix Final Fantasy’s Digital Collectibles to Utilize Efinity, the Open Platform Toolkit, Nft.io, Enjin Wallet, and Enjin Beam
Enjin was the first NFT company to get accepted by the United Nations (UN) Global Compact. The company also teamed up with Microsoft in order to create “Microsoft Azure Heroes” and blockchain rewards. At the time, people with Microsoft and Enjin’s Learner NFTs were integrated with the Minecraft game, and at the time, holders of the badge gained exclusive access to the “Mymetaverse Minecraft Network.” However, on July 20, 2022, Mojang Studios, a Microsoft game development subsidiary, said that blockchain and NFT technologies are now banned from any of Mojang’s servers and the Minecraft game in general.
Enjin says that its digital collectible products are made for “eco-conscious blockchain developers, investors, and users.” The Efinity platform runs on top of the Polkadot network and Enjin says that the firm is committed to being carbon neutral by the year 2030. Square Enix is leveraging Enjin’s Open Platform toolkit for the Final Fantasy VII NFT collection launch. The video game developer’s NFTs will be able to be hosted on the Enjin Wallet, the web portal nft.io, and Enjin’s Beam product as well.
What do you think about Enjin partnering with Square Enix in order to drop Final Fantasy NFTs next year? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin-Tidings.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin-Tidings.com News about the disruptive protocols emerging today.
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