Square Enix Enters NFT Gaming with Symbiogenesis Auctions
Tokyo-based video game developer Square Enix has announced plans to sell non-fungible tokens (NFTs) for its upcoming title Symbiogenesis over three separate phases from November 27 to December 3.
In a November 24 tweet on X, the Final Fantasy creator shared that the first NFT auction will occur from November 27-28 and introduce 10 unique character NFTs to the Symbiogenesis ecosystem. 500 NFTs will be available in total during this initial phase.
The second phase will run from November 30 to December 1 and feature an additional 90 exclusive NFT characters, followed by a third and final phase from December 2-3 that will add 400 more character NFTs.
According to Square Enix, the first round of auctions will only be open to early stakeholders and investors in the project. However, later phases will incorporate participants from a permission-based campaign that ran earlier this month and involved fans completing various quizzes and a treasure hunt in a Symbiogenesis prototype environment.
Symbiogenesis represents Square Enix president Yosuke Matsuda’s aspirations to enter the web3 gaming space, which he first expressed interest in earlier this year. The project has been described by Square Enix as a “digital collectible art project” that will offer an engaging, story-driven experience to players.
The NFTs will be minted on the Polygon network as Ethereum tokens and utilize blockchain technology to verify ownership. The game itself is expected to launch in December following the initial NFT sales.
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