KEY POINTS
Square Enix’s Symbiogenesis non-fungible token (NFT) game has shifted to the Arbitrum blockchain for the sale of characters tied to the storyline’s second chapter.
As per an X (Twitter) post dated May 30, the integration of Arbitrum aims to decrease gas fees during the sale, while the NFTs will still be issued using Ethereum.
The auction sale focuses on NFT characters — each with distinct attributes and roles — aligning with the beginning of Chapter Two of the adventure-based game.
Day one of the sale started today, May 31, with the company announcing a swift sellout within a few hours. Bidding for each NFT began at 0 ETH.
This development marks another milestone for the Symbiogenesis project, initially introduced by Square Enix back in 2022. At the project’s outset in the first quarter of 2023, it was revealed that the game would feature 10,000 NFT characters, released gradually with each chapter — a total of six — as they unfolded. The game officially opened to the public in December 2023.
As part of recent endeavors, Square Enix collaborated with Animoca Brands Japan last month to broaden the global reach of Symbiogenesis, leveraging Animoca Brands’ expertise and launching NFT sales on its upcoming launchpad Sorah.
Square Enix has consistently underscored its dedication to Web3. In its annual letters for two consecutive years, the company has reaffirmed its commitment to innovation and immersive experiences for its user base, with a particular emphasis on Web3, metaverse integration, and NFTs.
The gaming industry has significantly embraced blockchain technology, providing players with new earning and ownership models, enhancing engagement compared to traditional games.
Statistics indicate that this trend is poised for exponential growth. According to Future Market Insights, the Web3 gaming market is projected to exceed a value of $133 billion by 2033.
