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Square Enix And Ubisoft Lead NFT Game Development

Square Enix And Ubisoft Lead NFT Game Development

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As web3 technology transforms the gaming industry, several web2 video game publishers around the world are dabbling in NFT games in order to stay ahead of the competition. These publishers are refocusing their efforts on incorporating blockchain technology, cryptocurrencies, and NFTs into video games. Some of the world’s largest gaming companies are gradually showing interest in Web3, with platforms such as PC shooters, mobile games, and multiplayer metaverse games in mind.

Furthermore, the majority of the game publishers on our list have their headquarters in Asia, with only one in the United States and one in Europe. This dominance corresponds to DappRadar’s prediction that Asia will become a Web3 gaming hub. In this article, we’ll look at some notable game publishers who are launching new projects in the web3 gaming market.

Square Enix Leads the Charge in NFT Games

Since 2019, Square Enix, the company behind the success of Final Fantasy and Kingdom Hearts video games, has been investigating NFT games. In 2021, the company will release a limited-edition bundle of NFT trading cards based on Ethereum. Six months later, Square Enix traded the rights and the Tomb Raider IP to its three studios in order to raise funds for blockchain ventures and artificial intelligence (AI) research and development.

Earlier this year, the developer announced that Symbiogenesis, an NFT game, would be made available on the Ethereum sidechain ecosystem Polygon. The next game, according to the company, is a “collectible art project” with a storyline and a mystery that players must solve.

The publisher also stated that it plans to bring its Dungeon Siege IP to the gaming world. Square Enix previously invested in The Sandbox, a metaverse game. In addition, on Polkadot, Square Enix released Final Fantasy VII NFT-based trade cards linked to real-world statues and collectibles on Enjin’s Efinity platform.

Nexon

Nexon, a solution-oriented firm, is developing MapleStory Universe, a unique MapleStory game, on Polygon NFTs. The NFT game, according to Nexon, will have its own private network or polygon “Supernet.” Nexon is a major South Korean Web2 game developer. Other successful titles from the developers include Dungeon and Fighter, Sudden Attack, and KartRider.

The original MapleStory games drew a massive player base of over 260 million people. Furthermore, the studio’s revenue increased to more than $4 billion. Hwang Sun-Young, Group Leader of MapleStory Universe, stated that Polygon Labs and the team will work directly on all aspects of the game’s creation and promotion.

Ubisoft

Ubisoft, a French game publisher, is one of the few Western Web2 video game developers who openly embrace NFTs. In 2021, free Tezos NFTs for Tom Clancy’s Ghost Recon Breakpoint became available. Even though the NFTs were unappealing and were introduced in a game with few active players, they sparked a furious online outcry from gamers who dislike the concept of NFTs in games.

Ubisoft released “Smart Collectibles” from Assassin’s Creed at the start of 2023, a clever move that combines tangible collectibles with digital NFT components. In The Sandbox game, the studio also revealed NFTs based on its Rabbids IP.

Krafton

Krafton, the South Korean publisher of PUBG: Battlegrounds and PUBG Mobile, has announced plans to release a metaverse game that supports NFT. The studio uses the “create-to-earn” mechanism, which allows players to create their own digital resources.

Zynga

While no new releases have made headlines, Zynga’s Web3 gaming section is making progress. According to a job posting on the studio’s website, the studio is currently looking for talented and ambitious software engineers. The studio is growing its team in order to dive into the world of web3 games and create innovative projects.

Take-Two Interactive, Zynga’s parent company, is one of the world’s largest gaming publishers. Titles in its diverse portfolio include Grand Theft Auto, NBA 2K, and Red Dead Redemption.

NCSoft

NCSoft, a Korean game developer, is responsible for titles such as Guild Wars, Blade & Soul, and the Lineage series. It has stated its intention to develop NFT games on the recently established Sui blockchain. NCSoft participated in Mysten Labs’ $300 million Series B fundraising round last year.

Com2us Plans Multiple NFT Games

Com2us, a versatile South Korean gaming company, created and published Summoners War. The studio is very interested in blockchain-based games and is currently working on projects based on NFTs and cryptocurrency integrations via the XPLA blockchain.

In a letter, the company’s U.S. President Kyu Lee stated that the company plans to develop 10 to 15 blockchain games per year, with the majority of them being for mobile devices.

WeMade to Launch NFT-based Fishing Game

Wemade promoted its cryptocurrency gaming platform Wemix Play at the Game Developers Conference in March 2023. Wemix Play, according to a representative from Wemade, aims to serve as a cryptocurrency game equivalent to the Steam store.

World Fishing Championship is a new fishing game for Android devices released by the Korean game publisher Wemade. R1B and Night Crows are two additional blockchain games that the company intends to release this year. R1B, a baseball game, and Night Crows, a high-concept fantasy MMORPG, are being converted into Web3 games in order to compete with international competitors.

Many game publishers, including Square Enix, Ubisoft, and others, are shifting their focus to blockchain technology, web3, and NFT games
Many game publishers, including Square Enix, Ubisoft, and others, are shifting their focus to blockchain technology, web3, and NFT games

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Square Enix And Ubisoft Lead NFT Game Development

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Midas Miner – Game Review

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Best P2E Games list 2024

Square Enix And Ubisoft Lead NFT Game Development

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.