Square Enix looking to dip its toes in the NFT gaming industry

In partnership with Double Jump.Tokyo, Square Enix is now seriously looking to benefit from NFTs and this could lead to a huge adaptation of blockchain games.

Square Enix looking to dip its toes in the NFT gaming industry

Whether you are a casual or an avid gamer, chances are that you’ve heard of the giant corporation Square Enix, best known for franchises such as Final Fantasy and Kingdom Hearts. Recently, the company has often expressed its interest in NFT and blockchain games.

At the current stage, the NFT gaming market mainly consists of games that are developed by small or medium-sized gaming studios. This year, however, a few giant gaming corporations are slowly but surely embracing the idea of using blockchain technologies to build their games. EA CEO calls NFT and blockchain games “the future of our industry” in a recent earnings call, while Ubisoft has announced its plans to develop NFT and blockchain games.

Now the Japanese game studio also plans to enter this new territory after its proof of concept phase back in October where Million Arthur (a media franchise developed by Square Enix) NFTs were being sold. The proof of concept was a way for Square Enix to see whether they could sell their IPs as NFTs. This was a proven success as the NFTs were sold out very quickly after its launch.

Double Jump.Tokyo

In partnership with Double Jump.Tokyo, Square Enix is now seriously looking to benefit from NFTs and this could lead to a huge adaptation of blockchain games. Double Jump.Tokyo is a Japanese startup company founded in 2018 that specializes in blockchain games. They are most notable for the development of My Crypto Heroes, a browser-based role-playing game.

Information on upcoming NFT game?

It remains to be seen whether the first NFT game integration by Square Enix will be based on a new or an existing IP. There could also be a prospect of applying the NFT and the token economics in an existing game, but this could raise a lot of controversies as not all fans welcome the idea of having NFTs in their beloved games. This is of course understandable, as this could impact the gaming experience. Whatever it may be, this could lead to a wider adaptation for the crypto gaming industry.

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