Square Enix Announces First NFT Game Project “Symbiogenesis”

Famous Japanese videogame developer Square Enix has revealed its first non-fungible token (NFT) game, titled “Symbiogenesis.”

Square Enix Announces NFT Project Symbiogenesis, Game Releases In Spring 2023

According to a press release, the new game from the company is going to be a “digital collectible art project.”

Square Enix is one of the most well-known names in the videogame industry, having released beloved hits like Final Fantasy and Tomb Raider.

For a few years now the Japanese developer has been showing interest in blockchain tech, and has slowly started making movements in the space during the past couple of years.

Earlier in 2022, Square Enix announced plans to launch NFTs based on the Final Fantasy series, which will be tied to collectible figurines, and will release on Enjin’s Polkadot-powered platform.

Now, the firm has revealed Symbiogenesis, its first game that makes use of non-fungible tokens. Players will be able to use the digital collectibles both in-game and as social media PFPs.

The NFTs will be minted on the Ethereum blockchain, the most commonly used network for tokens of this kind.

As per the press release, the game is going to be brand new and self-contained, and will feature an interactive story as well as a dedicated community.

The story “takes place in an alternate world where the player can ’untangle’ a mystery by completing missions that revolve around questions of the monopolization and distribution of resources,” reads the description. “With each strategic move players make, more of the story unfolds.”

At present, Square Enix is aiming to release the Symbiogenesis NFT art collectibles and a free browser service during the spring of next year.

Interest around non-fungible tokens among videogame developers has been on the rise recently, but fans have generally reacted to plans related to the tech with vocal backlash.

Since the announcement of the game yesterday, Square Enix has already been receiving large amounts of dislike from their fans.

An IP trademark related to Symbiogenesis had leaked ahead of the announcement, and some rumors had gained traction that claimed the game to be related in some form to Parasite Eve, a popular title from the developer.

Besides the game being associated with NFTs, the fan disappointment is also due to the actual reveal turning out to be completely disconnected from Parasite Eve.

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Featured image from Square Enix, charts from TradingView.com, NonFungible.com