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Square Enix Partners With Polygon

Square Enix Partners With Polygon

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Square Enix Enters Partnership with Polygon for Symbiogenesis NFT Blockchain Game

Finally, Square Enix’s Web3 project Symbiogenesis has new updates and announcements. It enters into a partnership with the Polygon blockchain network to offer players fast, secure, and sustainable transactions. An experience centered around digital collectible art and a virtual turn-based adventure will be created through Symbiogenesis, where players will unfold a storyline. With each strategic move made by a player, the art will evolve accordingly.

Polygon Labs, the team responsible for the development and growth of the decentralized Polygon protocol, has partnered with Square Enix, a Japanese game developer and publisher, to launch an upcoming interactive Web3 digital collectible art experience called “Symbiogenesis.” The project utilizes the Polygon blockchain network to enable fast, secure, and sustainable transactions for players.

Symbiogenesis NFT Artwork Game

Symbiogenesis NFT artwork game is set on a mysterious floating continent. The project offers unique storylines that will use player activities and information to unravel and build the storyline. Players will hold digital collectible art that represents different characters. Additionally, players can unlock numerous engaging stories about this secretive world and its inhabitants by completing various missions, and by holding or trading digital collectible arts they can earn them.

In addition, players have the option to replicate and sell digital arts for their character. Thereby sharing their unique storylines with others and collaborating as a community to accomplish the mission. With Symbiogenesis, players can experience multiple endings. However, only three players who meet specific conditions will be selected to take part in the final “World Mission,” which will determine the ending of the story, the fate of the world, and everyone in it.

Naoyuki Tamate of Square Enix on Symbiogenesis

“Symbiogenesis was designed from the ground up on the blockchain and is designed to provide an exceptional experience for both community building and trading, Square Enix opted to tap into Polygon’s high transaction speeds, low gas fees, and overall user-friendliness to deliver this unique experience to Web3 fans.”

Through this interactive activity, players will have fun discovering more about the story and uncovering hidden items while exploring a virtual world. Symbiogenesis will feature a wide array of utility items initially issued off-chain, which players can choose to trade on-chain via Polygon.

In addition, Square Enix has announced a series of campaigns leading up to the launch of Symbiogenesis. It will help prospective players become more familiar with the project’s integration of digital assets.

Urvit Goel of Polygon Labs on Square Enix Partnership

“We are extremely proud to collaborate with Square Enix, a highly respected gaming company with a proven track record spanning over several decades. 

“Our latest collaboration just goes to show that Web3 is decisively getting more and more traction among the world’s largest developers, proving yet again that this innovative stack of technologies and the benefits they bestow have massive potential when it comes to gaming.”

Symbiogenesis Launch

The design of Symbiogenesis was centered around providing a positive experience for both community building and trading. To achieve this, Square Enix chose to utilize Polygon’s high transaction speeds, low gas fees, and overall user-friendliness.

By leveraging the Polygon network, Square Enix can ensure that Symbiogenesis is highly sustainable. Polygon provides carbon-neutral transactions, while also taking advantage of Ethereum’s robust inherent security and decentralization. 

Symbiogenesis eyes a launch window in spring 2023.

Since its launch in 2003, Square Enix has been progressively moving toward Web3. In a New Year’s letter from the company’s president, Yosuke Matsuda, the company reiterated its commitment to blockchain gaming. Moreover, it pledges to make aggressive investments and business development efforts in the area of blockchain entertainment.

As part of Square Enix’s 2023 strategy, there are multiple blockchain games based on original intellectual property currently in development. Despite some skepticism among gamers about blockchain integration, investment in Web3 gaming continues to increase. There are several bullish activities happening in 2023 in the face of the broader crypto market downturn. In fact, during the third quarter of 2022, venture capital funds invested an estimated $1.5 billion into Web3-based companies.

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Square Enix Partners With Polygon

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Square Enix Partners With Polygon

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.