After the success of Japan’s first Ethereum NFT, the Japanese entertainment group and video game company Square Enix announced their intention to release more NFT-centric projects, including blockchain-based video games.
Big names in the game industry such as Electronic Arts Ubisoft Expresses interest in NFT and encrypted games.According to a recent report, it seems Square Enix, I also want to get a piece of the pie.
In the company’s financial briefing for the six-month period ending September 30, Square Enix revealed its plan to further explore the NFT field by providing blockchain-driven games and collectibles. This push to the NFT field may be inspired by recent projects by video game publishers.
Photo: Getty Images/Chessnot
Square Enix and the developer Double Jump.Tokyo/MCH+ released the NFT digital transaction card in Japan. These trading cards are based on the animation and video game franchise “Shi-San-Sei Million Arthur”. According to the introduction of investor relations, the above-mentioned NFT joint venture is a proof of concept designed to test the market and see if the company’s IP can be sold as an NFT.
“By combining NFTs with our business assets, we can establish proof of concept of what synergy effects,” the company revealed in a briefing. “Millions Press and Million Press have sold out.” Square Enix shared.
The digital transaction card was sold out immediately after its release on October 14, 2021. It is believed that the company will introduce secondary market transaction support through LVC. This is a market developed by Yahoo Japan, which explores other initiatives around NFTs.
“[We] We have recognized that NFT has a high affinity for our assets,” Square Enix said in a financial briefing.”[The] The proof-of-concept phase is over. It will transition to a fully commercialized stage,” the company added.
For the unfamiliar NFTOr an irreplaceable token, which serves as a deed of ownership of rare digital items (usually works of art). It can also be in the form of trading cards, video files, illustrations, or video game projects. The industry experienced impressive growth in early 2021, and with the news that dozens of celebrities purchased their own NFTs, the craze continued until this year.
In the third quarter of this year, the NFT market transaction volume was 10.67 billion U.S. dollars. Application radar.
Photo: Getty Images/Chessnot
