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NFT News

Square Enix Enters NFT Gaming with Symbiogenesis Auctions

Written By:
Iyiola Adrian

Last updated: November 25, 2023 6:49 PM
Published 2023-11-25
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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.

Starting next week, it's finally time for the start of the auction!

Phase 1: 11/27 12:00 – 11/28 11:59 (JST)
Phase 2: 11/30 12:00 – 12/1 11:59 (JST)
Phase 3: 12/2 12:00 – 12/3 11:59 (JST)

More details herehttps://t.co/MFprrApwio#SYMBIOGENESIS

— SYMBIOGENESIS -NFT Art&Game Project- | SQUARE ENIX (@symbiogenesisPR) November 24, 2023

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.

Also Read: EU Seeks to Enhance Crypto AML/CFT Compliance Standards

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.

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