Square Enix Makes NFT Debut with New Gaming Collection

SYMBIOGENESIS: Square Enix Launches Global Digital Art Project

Square Enix has introduced its first global digital art project, SYMBIOGENESIS, to merge gaming with non-fungible tokens (NFTs). The project has commenced Chapter 1 of its allowlist entry campaign today, enabling fans to mint exclusive digital collectibles for free.

Join the Campaign on Discord to Mint Exclusive Characters

Players looking to participate must join the official SYMBIOGENESIS Discord server to engage in various activities and earn a spot on the allowed list before the campaign concludes on November 21, 2023.

The campaign introduces a point-based system to determine which players can mint one of the 500 Characters available. These characters are intricately designed to play roles or reveal story elements and will only be available for public minting through the allowlist.

Square Enix’s strategy includes performance-based activities on Discord, allowing players to earn points for the next chapter’s allowlist, and treasure hunts that reward digital relics convertible into campaign points.

“Stakeholder” and “Priority for Top-Ranking Player” Phases for Minting Characters

For minting, there are three phases. The “Stakeholder” phase allows those closely involved with SYMBIOGENESIS early access. The “Priority for Top-Ranking Player” phase gives top-scoring players and randomly selected participants from the broader pool a chance to mint characters without cost. The third and final phase opens to all campaign entrants, with no limit on the number of characters per wallet, increasing the opportunity for many to participate.

Square Enix’s Global Expansion With SYMBIOGENESIS

SYMBIOGENESIS is scheduled to debut in December 2023, supporting the Ethereum and Polygon chains and accessible through Google Chrome and MetaMask wallets. It will be available in English and Japanese, catering to a broad audience.

This initiative reflects Square Enix’s innovative approach, expanding its entertainment content and presence in the world of digital collectibles, blending gaming with blockchain technology. The project builds on the success of Square Enix’s renowned franchises like FINAL FANTASY® and DRAGON QUEST®.

In a previous report, Square Enix’s strategic pivot to aggressively invest in blockchain entertainment was highlighted as part of the company’s plan for the future. The company’s president, Yosuke Matsuda, emphasized a commitment to blockchain entertainment following the company’s positive reception to NFT and digital asset ventures in 2022.

This shift comes in the wake of the company’s positive reception to its NFT and digital asset ventures last year, as seen in its latest financial results. This aggressive investment strategy is backed by the rising trend toward digital game sales, as reflected in the company’s financial performance.

Digital entertainment sales have been increasing since 2020. Source: Square Enix

Square Enix’s expansion plan also includes the establishment of an overseas subsidiary focused on token issuance and management, as well as game publishing in crypto-forward countries. The company’s medium-term business strategy involves leveraging the success of digital initiatives and exploring blockchain technology for new IPs.

As of the latest update, Polygon’s MATIC has recorded a 9% profit in the last week.

MATIC’s price trends to the downside on the daily chart. Source: MATICUSDT on Tradingview

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J-S Tremblay
About the author - J-S Tremblay

I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...

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