It is no longer a warning sign of the dark days ahead. Square Enix finally announces its NFT (or Non-fungible Token) project, after having threatened us with their embrace of controversial and widely criticized blockchain technology.
Square Enix has partnered up with Enjin to store Square Enix tokens on its Efinity Blockchain. This partnership will allow Square Enix to make a huge waste of fans’ goodwill. Consumers will soon be able pre-order physical action figures that come with a code redeemable towards a digital NFT. A digital NFT component will be available on physical trading cards later in the year.
You might be wondering from which franchise Square Enix is getting these NFTs. Square Enix has taken its NFTs, in perhaps the most bizarre case of “Didn’t read the source material that you created,” from Final Fantasy VII. This is a relatively obscure game about freedom fighters fighting to overthrow a corporation that’s destroying the planet.
You did read it correctly. Square Enix has chosen to make its NFTs — which are known to emit exorbitant amounts and accelerate already out-of control climate change on a world that is either on fire or drowning — out of the characters it created, who were committed to stopping companies doing exactly what an NFT facilitates.
Math is not mathing.
There are currently no images of the action figure and collectible cards, nor do we know how much they will cost. It is not known if these FFVII NFTS will have sentimental value in an environment where gaming-related NFTs are often met with fast and furious backlash.
Square Enix
Square chose to concentrate on the Efinity Parachain as its layer 1 proof of-of-stake solution. It is a layer 2 proof-of-stake solution and claims to be “eco-friendly”. The company has committed to being 2030. carbon neutral. It promises to be more efficient than the older Bitcoin and Ethereum blockchain technology and to connect different blockchains without having to rely on them or their energy-hungry ways of operating.
Cloud, the planet’s dyin, however, we don’t have that kinda time.
