Enjin, the number one ecosystem for non-fungible tokens (NFTs), has officially announced its partnership with video game company Square Enix.
Together, the two will develop a digital collection of Final Fantasy VII 25th Anniversary cards and figures available on Enjin’s Efinity network.
The physical collection is expected to launch in 2023, but consumers can pre-order the action figure at the Square Enix Store. The deluxe physical product will include a code that can be redeemed for the digital collectibles.
Witek Radomsky, Enjin CTO and co-founder, had this to say about the partnership:
“We’re excited to be partnering with Square Enix on such an iconic franchise. Final Fantasy has had a lasting imprint in video gaming since its inception, and we’re honored to be working with them to bring these characters to life in the digital world.”
Radomsky also gave comments on the partnership’s impact on both the gaming and cryptocurrency industries:
“This partnership opens up a whole new world of digital collectibles that can be used in games. Fans of Final Fantasy will get to experience NFTs without even realizing they’re on the blockchain.”
“For the crypto industry, it brings more mainstream attention to the power and potential of NFTs,” he added. “Enjin can potentially spearhead the next chapter of growth in blockchain entertainment, merging both creativity and curiosity.”
What This Partnership Means for Square Enix
This partnership isn’t one-sided, as it offers many benefits for Square Enix. Not only does the video game giant get access to Enjin’s powerful NFT technology, but it also gets to tap into the Enjin ecosystem of over 20 million gamers.
Enjin’s NFT product stack integration is quick, easy, and will give freedom in the creative process, giving game designers and artists the ability to create without worrying about technicalities and limits.
In addition, the partnership gives Square Enix a way to monetize its popular franchises in a whole new way.
This partnership is a major move for Enjin and will bring more interest to the ever-growing popularity and mainstream adoption of NFTs.
As more companies explore the potential of this technology, we can expect to see even more innovative and exciting applications of NFTs in the future.
Overview of Enjin
Enjin is a blockchain company that develops tools and services for games, businesses, and individuals to easily mint, manage, store, trade, and distribute NFTs. It also has its gaming token, ENJ, which is used to power the Enjin ecosystem.
Enjin’s Efinity Network
Efinity is a decentralized, cross-chain network designed for NFTs.
It is built on top of Polkadot, which allows for near-instant transactions and low fees. In addition, Efinity is scalable, meaning it can handle many transactions without congesting the network.
Overview of Square Enix
Square Enix is a Japanese video game developer and publisher best known for its role-playing games (RPGs). Its most popular franchises include Final Fantasy, Dragon Quest, and Kingdom Hearts.
The company owns several popular game development studios, such as Eidos Interactive and Crystal Dynamics. Square Enix is the result of the merger between Square and Enix, two of Japan’s most successful RPG developers.
Gaming NFTs on the Rise
The partnership between Enjin and Square Enix is just one of many examples of the growing trend of gaming NFTs. In the past year, we’ve seen several big names in the gaming industry get involved with NFTs, including Microsoft, Ubisoft, and NBA Top Shot.
With the help of Enjin and other leading NFT platforms, we can expect to see even more gaming NFTs in the scene.