Square Enix looks to be going all in on NFT-based games

The publisher's foray into NFTs earlier this year has completely sold out

Since dipping its toes into the waters of NFTs, Square Enix now looks to be moving further into the realm of games based around non-fungible tokens and the blockchain.

The company’s growing stance on NFTs can be found in documents related to its financial results from a six month period ending on September 30 this year. This comes after Square Enix joined with Double Jump Tokyo to bring NFTs to Million Arthur.

The financial results from November 5 do mention the Million Arthur “proof of concept” that aims to bring together NFTs with the company’s titles, with that phase now being over, as the Final Fantasy developer “will transition [a] to full commercialisation phase” with NFTs.

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This is where Square Enix then looks to a more “robust” entry into blockchain games, where it sees the spread of NFTs as a technological advancement, as it says that “token economics” are getting a grip on the industry – essentially blockchain systems.

Final Fantasy XIV: Endwalker
Final Fantasy XIV. Credit: Square Enix

Square Enix say this means it will be moving to more decentralised gaming experiences, and that it “will focus on blockchain games premised on token economics as a form of decentralised content”.

So basically, the company’s foray into NFTs was a success, and we’re going to be seeing a lot more of it in the future. As a business model this does make sense, as the Million Arthur NFT set, which launched on October 14, has already sold out according to the publisher.

Elsewhere, the Final Fantasy 7: The First Solider battle royale mobile title will be launching on November 17, 2021. Set 30 years before the original Final Fantasy 7, it will fuse the genre with typical franchise elements.

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In other news, a Final Fantasy 14 player has created an online raid simulator to help others practise in-game mechanics.

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