Square Enix has revealed the Final Fantasy 7 NFT series that was so much awaited by followers and enthusiasts. The first time that the company shared this idea with NFT collectors and the whole community was almost a year ago. Finally, they are here and ready to offer a great and unique experience to those that will get access to them.
Square Enix Reveals New Final Fantasy 7 NFTs
Square Enix announced a new set of collectible trading cards in order to celebrate the new anniversary of Final Fantasy 7. The 25th anniversary represented a great opportunity for fans to get and purchase digital assets.
The Final Fantasy 7 Anniversary Art Museum Digital Card Plus collection will be available starting from March 31st and it will be one opportunity for fans to enjoy the best scenes and art visuals from Final Fantasy 7. Each pack will contain six cards (physical) and there will also be one digital exchange card with a unique code.
One thing that is worth taking into consideration is related to the wallet that users will need to rely on. To claim ownership of the digital cards, users will have to download the famous Enjin Wallet, which is a cryptocurrency application and wallet that can be downloaded to a smartphone. Then, the user will have to link their app with the Square Enix website in order to claim their non-fungible token of Final Fantasy 7.
An important thing to note is that Square Enix informed us that it would not be possible to transfer or sell the cards to third parties. This is different to what happens with most non-fungible tokens that can be sold on different marketplaces such as OpenSea for digital currencies. The company has also informed us that they will write on their website all the news linked to newly supported marketplaces. All cards and NFTs have to be redeemed before March 31st, 2024.
Therefore, this represents an opportunity for fans of Final Fantasy 7 not only to enjoy a new collection of physical cards but also represents an opportunity for the community to get first access to the NFT industry.
What are Non-Fungible Tokens?
Non-fungible tokens, or NFTs, are a type of digital asset that are unique and cannot be replicated. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be traded for one another, each NFT is one-of-a-kind and cannot be duplicated or divided into smaller units.
NFTs are often used to represent artwork, music, and other digital content, allowing creators to sell their works as unique and valuable assets in a way that was not previously possible. In this case, Square Enix is allowing users to hold a digital collectable card using the Enjin wallet.
NFTs are created on a blockchain, which is a decentralized digital ledger that records transactions in a transparent and secure manner. Each NFT is given a unique digital signature that represents its ownership and authenticity. This signature is recorded on the blockchain, making it impossible to alter or counterfeit the NFT.
Because of this, NFTs are seen as a way to provide proof of ownership and authenticity for digital assets, which has historically been a challenge in the digital world. There are multiple use cases of NFTs outside the entertainment industry that could be applied in the future to other sectors as well.
One of the most interesting aspects of NFTs is their potential for creating new revenue streams for creators. By selling NFTs, artists and musicians can monetize their digital creations in a way that was previously impossible.
Because NFTs are unique and scarce, they can be sold for high prices to collectors who want to own a piece of digital history. This has led to a boom in the NFT market, with many high-profile sales and auctions taking place in recent years. In this particular case, the NFTs offered by Square Enix and Final Fantasy 7 will not be available for sale.
That means that there might be specific individuals interested in purchasing these cards online. There might be a possibility for the company to announce support for marketplaces. This would enable fans that hold their collectable cards to exchange them with other users or sell them to the market.