NFT: Animoca Brands and Square Enix are working together to conquer the metaverse

The great maneuvers of 10ᵉ art – The field of video games has been evolving over the years. Mobile games, virtual reality, metaverse, play-to-ear, NFT or Web3, all of these concepts are changing a practice that is no longer relevant to some teenagers in their bedroom. Millions of dollars are flowing in, companies are sharpening their weapons and the blockchain is opening up many prospects. Animoca brands and Square-Enix two big names in NFT and play and they just announced a collaboration for 2022. Chronicles of an Arranged Marriage.

A marriage of ease between two giants…

The video game giant in Japan Square-Enix recently released its quarterly results – “Q1 earnings report” in economic jargon. In this document, the holding company – among other things – franchise Final Fantasy detailing its investment features for the coming year. And it is NFT who is at the heart of the project. In fact, after the success of the game Shi-San-Sei Million Arthurthe creators of DragonQuest and Hearts of the Kingdom want to invest more in NFTs and extend them to many parts of their catalog.

And to do this, they recently announced a partnership with Animoca brands. Does it ring a bell? And if I tell you The Sand Box ? or Axie Infinity ? NBA Top Shot ? Always nothing? What if I told you Disney, World Wrestling Entertainment or The Walking Dead? Or Snoop Dogg, Moto GP or Power Ranger? Yes, you understand it, it is a GIANT not only from the NFT sector and the intellectual propertybut also mobile video games and play-to-ear.

Executive Chairman of Animoca Brands highly honored for partnership with Square Enix-Source: Yat Siu’s Twitter

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… To overcome Web3 and gaming NFTs

Sqaure Enix thus plans to use the expertise of Animoca Brands in terms of Web3 and in metaverse to develop their own industry. On the agenda: building a regulatory framework clearly will continue to market NFT products. But there is also the creation of a venture capital subsidiary stock in other sector projects. And finally, they are considering creating an overseas entity to negotiate to issue, manage and invest [leurs] own tokens ».

Speaking to Cointelegraph, the executive chairman of Animoca – Yat Siu | – said about the partnership and the future:

“Square Enix has been talking about the potential of blockchain -based games for a long time. So they’re better placed than most traditional video game giants.”

Both companies have accumulating interestdeclare CEO of Square Enix – Yosuke matsuda – in its quarterly presentation. The axes of common development revolve around blockchain monetization, artificial intelligence and the cloud computing. the final goal ? Create the first video game based on these technologies, which will be generally public and more numerous. And this, while mixing the concepts of play-to-ear and NFTs. And everyone is served by “high quality graphics for a great gaming experience”.

It’s Dino Tomic, an artist who works primarily at Square Enix, who explains to us that the one who succeeds is big winner in the sector. The race is among all the players in the ecosystem to be the better position in this emerging market. And when we see millions of dollars which is raised weekly, we say the competition promises to be fierce. In your controls… get ready, go!

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