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 companyâs 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 âproof of conceptâ that aims to bring together NFTs with the companyâs titles, with that phase now being over, as the Final Fantasy developer âwill transition [a] to full commercialisation phaseâ with NFTs.
This is where Square Enix then looks to a more ârobustâ entry into blockchain games, where it sees the spread of NFTs as a technological advancement, as it says that âtoken economicsâ are getting a grip on the industry – essentially blockchain systems.
Square Enix say this means it will be moving to more decentralised gaming experiences, and that it âwill focus on blockchain games premised on token economics as a form of decentralised contentâ.
So basically, the companyâs foray into NFTs was a success, and weâre 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.
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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