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Square Enix Drops Final Fantasy NFT Card Collection, Minecraft Rejects NFTs

Published 07/21/2022, 08:45 AM
Updated 07/21/2022, 09:30 AM
© Reuters.  Square Enix Drops Final Fantasy NFT Card Collection, Minecraft Rejects NFTs
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  • Square Enix teams up with Enjin to release Final Fantasy VII NFTs on Polygon’s blockchain
  • Microsoft (NASDAQ:MSFT) Minecraft chooses a different direction, says no to NFTs, excluding collectibles
  • Previously, Minecraft developers have released a petition against NFT gaming with 72 signatures

Japanese gaming powerhouse Square Enix announced today the release of a special NFT collection. Teaming up with blockchain gaming company Enjin, Square Enix celebrates the 25th anniversary of one of the most popular video games of all time, Final Fantasy VII.

Firstly, any gamer will be able to order a physical action figure. All of the Final Fantasy VII figures come with a special code that can be redeemed for NFTs. Furthermore, physical cards will be released later on this year and they will also be backed with NFT codes.

Focus on the Future of Gaming

As reported before, the Japanese game developers decided to focus on Web3 gaming & NFTs in May, right after the company announced its mid-term financial profits. Square Enix then decided to allocate part of the profits to develop their metaverse studios. Moreover, SE sold the franchise of Tom Raider to fund blockchain gaming development.

Moreover, the partnership with Enjin (ENJ) comes at a time when NFT gaming is in rising demand. As put by Witek Radomski, a representative of Enjin: ‘This partnership marks a coming-of-age phase for digital assets and entertainment; Square Enix, an esteemed developer with iconic intellectual property, is paving the way for the industry’.

Microsoft Minecraft is not Riding the NFT Wave

In contrast, some gaming companies are taking a different direction when it comes to blockchain gaming and NFTs. Mojang, the developers behind Minecraft, have stated that ‘NFTs are not inclusive of all our community and create a scenario of the haves and the have-nots’. Ultimately, this means Minecraft, similarly to ROBLOX, is not integrating NFTs into their platform anytime soon.

Why You Should Care

In-game NFTs are becoming a major trend, but the gaming community is divided between traditional gaming communities and Web3 enthusiasts.

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