Square Enix teams up with Enjin to make Final Fantasy VII NFT collectibles
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Square Enix has teamed up with Enjin to create non-fungible tokens (NFTs) for digital collectibles for the 25th anniversary of Final Fantasy VII.
Enjin said it will make branded tokenized collectibles using its Efinity Network, which is a decentralized cross-chain blockchain network designed to make NFTs more accessible.
This move is no surprise, since Square Enix signaled it would make investments in innovative technologies like blockchain even as it sold off its Western game studios. Some gamers are going to hate this move, as they associate NFTs with scams, wasted energy, and monetization schemes. But Square Enix has signaled that NFTs are key to the business models of the future.
The digital collectibles will be accessible to consumers who purchase items in the physical collection, which is expected to launch in 2023.
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Consumers can pre-order the commemorative action figure starting today at the Square Enix Store. The deluxe physical product will include a code that can be redeemed for a digital version of the figure using the Efinity network, a next-generation blockchain for NFTs, powered by Enjin. Pre-orders for the trading cards will go live later this year.
Enjin said it is providing an alternative destination for eco-conscious blockchain developers, investors, and users. Collectibles are supported by Enjin’s full product suite,
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