BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Square Enix to Release NFT Game on Polygon in the Spring

BlockNews Team by BlockNews Team
February 25, 2023
in BUSINESS, GAMING, MEDIA, SOCIAL
Reading Time: 3 mins read
1
SHARES
18
VIEWS
Share on XShare in TelegramShare on Reddit
  • Square Enix, the maker of the popular Final Fantasy video game franchise, is set to focus on blockchain gaming in 2023.
  • The company aims to capitalize on the expected growth of blockchain games and a more mature market in the coming year.
  • Despite concerns and criticisms from some fans and the broader gaming community, Square Enix plans to continue its efforts in blockchain gaming and launch Final Fantasy-based NFTs in 2023.

Square Enix, the Japanese video game publisher behind popular franchises like Final Fantasy, Dragon Quest, and Kingdom Hearts, recently announced that it would launch its upcoming NFT-based game Symbiogenesis on the Polygon network. Polygon, known as Matic Network, uses a sidechain to offer faster and cheaper transactions than Ethereum’s mainnet.

Symbiogenesis, a story-driven collectibles game, will occur on a floating continent above a polluted future Earth where society is forced to band together and make tough choices when a dragon threatens their haven. Symbiogenesis will feature turn-based gameplay tied to the storyline, which takes different paths as users complete missions and either holds or trade NFTs.

Square Enix’s strategy to capitalize on blockchain technology

According to Polygon Labs, owning a character, NFT, is not required to play the game but adds unspecified “extra value” to the experience. Character NFT holders can also create “replica NFTs” to share story information with other players. The game will be built around 10,000 character NFTs tied to strategic game mechanics, although there will be other NFTs used in the game as well. Square Enix has showcased NFT items, including dragon tarot cards and a monster storybook, but has yet to share concrete details about cost or how they impact the game.

Square Enix opted to tap into Polygon’s high transaction speeds, low gas fees, and overall user-friendliness to deliver this unique experience to Web3 fans. Game producer Naoyuki Tamate said in a press release that Polygon’s performance would help Square Enix provide a seamless and enjoyable user experience.

Square Enix has made several moves in the Web3 space over the last few years, but Symbiogenesis marks its first proper NFT-based game and its first internal project set within the Ethereum ecosystem. Previously, Square Enix invested in the Ethereum metaverse game The Sandbox, announced that it would revive its dormant Dungeon Siege franchise in its game world, and launched NFT collectibles in Japan via the LINE blockchain. The company has also announced Final Fantasy VII NFTs tied to physical action figures via Enjin’s Efinity platform built on Polkadot.

Potential concerns around NFT integration in the gaming

However, the announcement of Symbiogenesis was met with significant backlash from Square Enix’s traditional video game fans, who were angry due to rumors that the game would be a new entry in the long-dormant Parasite Eve franchise. Despite complaints from some traditional gamers regarding NFTs, Square Enix has continued emphasizing the opportunity it sees in the space and investing in growing its Web3 efforts. Last May, Square Enix sold off an array of studios and game franchises for $300 million to help fund new business endeavors, including Web3 experiences.

In addition, Square Enix’s president Yosuke Matsuda recently wrote in a New Year’s letter that the company is banking on blockchain games transitioning to a new growth stage in 2023 that will usher in a more mature market. Matsuda acknowledged that much of the gaming community is still hostile to NFTs and blockchain technology but said that the industry is starting to view blockchain technology as a means to an end to deliver new experiences and excitement to customers. Matsuda noted that Square Enix has multiple blockchain games based on original IPs under development and is undertaking preparations that will enable it to unveil even more titles this year.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: adoptionGameGamingNFTSquare Enix
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Raoul Pal Says XRP Is About to Leave the “Waiting Room” and Enter a New Growth Phase
BUSINESS

Raoul Pal Says XRP Is About to Leave the “Waiting Room” and Enter a New Growth Phase

September 1, 2025
Dogecoin Rebounds as Elon Musk’s Lawyer Pushes Bold $200M Treasury Plan
BUSINESS

Dogecoin Rebounds as Elon Musk’s Lawyer Pushes Bold $200M Treasury Plan

August 30, 2025
Hut 8 Expands With 1.5 GW of New Bitcoin Mining Sites Across the US
BITCOIN

Hut 8 Expands With 1.5 GW of New Bitcoin Mining Sites Across the US

August 26, 2025
Aave and World Liberty Financial Proposal Sparks Debate in DeFi
BUSINESS

Aave and World Liberty Financial Proposal Sparks Debate in DeFi

August 25, 2025
SBI and Chainlink Team Up to Push Global Blockchain Adoption
BUSINESS

SBI and Chainlink Team Up to Push Global Blockchain Adoption

August 25, 2025
XRP Goes Mainstream: Mastercard Partnership Brings Crypto Payments to Everyday Life
BUSINESS

XRP Goes Mainstream: Mastercard Partnership Brings Crypto Payments to Everyday Life

August 24, 2025
Load More

Related News

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

Strategy Expands Bitcoin Treasury: 4,048 BTC Added in $449M Purchase

September 2, 2025
VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

VeChain Price Prediction: Can VET Hit $0.035 in September 2025?

September 2, 2025
Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

Musk’s DOGE Treasury Push: A $200M Dogecoin Fund on the Horizon

September 2, 2025
XRP and JP Morgan: Why This News Is Shaking Things Up

XRP and JP Morgan: Why This News Is Shaking Things Up

September 2, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews