Final Fantasy 7 NFTs are coming next year – sort of

Square Enix is ​​a big proponent of “Web Game 3“, the integration of cryptocurrencies and NFTs into video games. On Wednesday, it was announced that the company’s crown jewel, Final Fantasy 7, will be getting its own NFTs next year. Sort of.

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

Square Enix is ​​not going that route. Instead, NFTs will be tied to physical merchandise that the Japanese gaming giant will release next year. To celebrate the 25th anniversary of Final Fantasy 7, Square Enix will release a Cloud Strife collectible card game and figurine next year. Those who purchase packs of the trading card will be able to redeem a virtual version, which will exist as NFT, decipher the reports. Likewise, the $160 Digital Plus Edition of the Cloud Strife figure will come with an NFT version of the toy.

NFTs will be built on Polkadot, a blockchain that is significantly more environmentally friendly than industry leaders bitcoin and ether.

Square Enix has repeatedly stated its interest in exploiting the blockchain for gaming. In May he sold several Western development studios, including Tomb Raider maker Crystal Dynamics, in part to fund its blockchain adoption. In his new year letter to investors and clientsSquare Enix President Yosuke Matsuda acknowledged that the NFT market is “overheated”, but wrote that games featuring token economies can usher in a new era of user-generated content.

Blockchain powered gaming is already a huge money maker, 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, mainstream gaming audiences reject the idea. Ubisoft integrated NFTs into Ghost Recon Breakpoint in December, but the trailer received so much criticism that the company pulled it from YouTube. A similar blowback prompted GSM Game World to remove NFTs from its STALKER 2 game only 36 hours after revealing the plans to integrate them.

However, mainstream gaming audiences reject the idea. Ubisoft integrated NFTs into Ghost Recon Breakpoint in December, but the trailer received so much criticism that the company pulled it from YouTube. A similar blowback prompted GSM Game World to remove NFTs from its STALKER 2 game only 36 hours after revealing the plans to integrate them.

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