- Square Enix, in collaboration with Enjin, is taking a “very cautious” approach to NFTs.
- Polkadot-themed NFTs will be released in 2023, along with actual trading cards and toys.
- In the spring of 2023, Square Enix will release tangible trading card packs. Each six-card pack will set you back $4.
The Efinity platform from Enjin has partnered with Square Enix’s Final Fantasy to introduce NFTs. The new souvenir, which is offered as a phygital product and portrays the game’s beloved protagonist Cloud Strife, includes both a physical representation and an NFT counterpart that can be viewed using augmented reality (AR).
It is presently possible to preorder the new collectible, which will feature a 25th-anniversary edition of Final Fantasy VII’s Strife, online before it debuts at San Diego Comic-Con from July 21 to July 23.
The newest offering from Enix is nearly six inches tall, and buyers of the digital plus edition also get two NFTs. The first serves as an authenticity certificate, while the second is a digital representation of the figure that can be viewed in augmented reality. Collectibles are expected to debut in 2023 and will cost $150 for the digital plus offering and $130 for the basic edition.
Square Enix will release physical trading card packs in the spring of 2023. Each six-card pack will cost $4. Each one has a code that can be used to exchange it for a single NFT trading card that Enjin created on their Efinity platform, which is built on the Polkadot blockchain.
The digital collectible will be supported by Polkadot Parachain’s Efinity platform, which is owned by Enjin. Due to the platform’s status as a Parachain, users who have NFTs on other blockchains can access it more easily. The program additionally awards users with $EFI, its native coin.
Additionally, Square Enix has been engaged in several additional Web3-related projects. It recently took part in a $35 million investment round to help the ZEBEDEE Bitcoin gaming business.
Polkadot supports the Efinity blockchain as a parachain, or dedicated subnet, within the wider Polkadot ecosystem. Unlike the most popular NFT platform, Ethereum, Polkadot employs a proof-of-stake consensus technique that eliminates the need for energy-intensive mining.