Square Enix and Enjin Team Up to Launch FF VII Collectibles

Popular game studio Square Enix has been partnering with crypto projects left and right for months now, including Polygon, The Sandbox, and as of recently, Enjin Coin, as well. This latest partnership will continue the project’s intention to launch Final Fantasy VII collectibles, and allow fans to pre-order FF VII’s 25th-anniversary figures. Meanwhile, digital collectibles will become available at some point in 2023.

Square Enix and Enjin to launch FF7 collectibles

Square Enix is a game development giant that produced what is arguably one of the most popular video game series in the history of gaming. Now, however, it is partnering with one crypto project after another, and the NFT platform Enjin is the latest one in line.

The goal of the partnership is to launch both digital and physical collections, featuring the popular game Final Fantasy VII. In its announcement, Enjin noted that fans will have to pre-rder FF VII’s 25-year-anniversary product from the Square Enix store in order to become eligible to receive NFTs. The purchased product will bring a code to the digital version of the collectible, which will then be redeemable on the Efinity network’s platform next year.

Meanwhile, Enjin’s CTO, Witek Radomski, stated that the partnership is important and that it will have a positive effect on both digital assets and the entertainment industry. According to him, Square Enix is a pioneer in crypto adoption in video game development, and it is setting an example for others to follow.

Switching to blockchain and its products is difficult, even for the most open-minded and most progressive companies in sectors that are much more open to other technologies. And, while the video game industry has been one of the first to open its doors to blockchain and crypto, major established gaming firms still see it as a risk to get too involved. However, with Square Enix taking the first step and showing with its own example that it is possible to take the crypto route and not damage the company while doing so, it is believed that it will inspire others to follow in its footsteps.

If nothing else, the move will show other gaming firms that there are new opportunities to offer content and make a profit, while also giving the fans valuable assets to purchase and truly own.

Square Enix delves deeper into the world of crypto

Square Enix originally revealed its plans earlier this year, in May. It noted that it intends to issue tokens and make it possible for its customers to invest in the Web3 gaming space. The company also stated that it will launch additional NFTs, featuring other games as part of its 2022 business strategy.

The initial venture into NFTs has been a success, and it gave the company the necessary boost to take the next step, encouraging it and showing that there is potential in this new field.

Square Enix met with the crypto industry even before that, in 2020. Back then, it led an investment round for The Sandbox, which was able to raise over $2 million in cash thanks to Square Enix and its other investors.

To learn more visit our Investing in Enjin guide.