Square Enix Joins Ubisoft and Others in Partnership with Oasys Gaming Blockchain
The gaming blockchain group Oasys just announcedSquare Enix has invested in its project as the 21st initial node validator on its platform. Square Enix joins several other major game developers, including Ubisoft and Bandai Namco, in the investment of the divisive gaming technology.
Square Enix is best known as the developer of gaming franchises like Final Fantasy and Dragon Quest. Its investment in Oasys will be to explore the feasibility of NFTs, cryptocurrencies, and play-to-earn models in future Square Enix titles. Square Enix has not yet revealed anything specific with its partnership, but players can assume blockchain games will be in its future.
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Oasys is a gaming blockchain started by executives of several game companies, including Hajime Nakatani, president and CEO of Bandai Namco, and Shuji Utsumi, Co-CEO of SEGA and CEO of SEGA of America. It claims to be creating an “environmentally-friendly, gaming-optimized Proof-of-Stake blockchain built for gamers, by gamers.” Though Ubisoft, Bandai Namco, and SEGA are the biggest gaming conglomerates supporting Oasys besides Square Enix, it has over a dozen other node validators from new crypto-focused game developers.
Earlier this year, Square Enix declared its intent to explore Web3 gaming in its future. It even launched its own Blockchain Entertainment Business division in April. “Our shared enthusiasm for Web3 gaming makes this an exciting partnership for us,” Yosuke Saito, director of this new division of Square Enix, said, “and we look forward to gaining insights that can advance the creation of all-new play experiences for gamers across the globe.”
The initial decision by Square Enix to invest in blockchain
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