The video game world is taking over the web3. Many are the historical partnerships to be announced between the ecosystem and the big names of the sector. This time, it is the Japanese giant Square Enix, which is partnering with the blockchain Oasys. This is not the first time that Square Enix shows its interest in this field as it had already announced to work on an issue of non-fungible tokens (NFTs) for 2023 on the theme of Final Fantasy thanks to the blockchain Enjin.
If the name Square Enix Co., Ltd. doesn’t ring a bell, you most likely know it indirectly. It is one of the main companies that develop video games in Japan. Founded on September 22, 1975, it has published many games (as well as mangas) since that date. And is notably at the origin of the Final Fantasy, Dragon Quest and Kingdom Hearts series.
As for the Oasys blockchain project, it presents itself as an eco-friendly (PoS-powered) blockchain focused on games and “built for the gaming community, offering fast and low-cost transactions.”
This partnership between the two parties comes as no surprise. Square Enix had wanted since last year to focus on developing blockchain games “based on token economies as a form of decentralized content.” So the Oasys blockchain was a consistent choice.
“Whether it’s having fun, winning or contributing, a wide variety of motivations will drive people to engage in games and connect with each other. It is the blockchain-based tokens that will enable this.”
Previous statement by Yosuke Saito, director of Square Enix’s Blockchain Ent. division.
Square Enix will be among the validators of the Oasys network
According to the statement, the partnership makes Square Enix one of the 21 validators of the Oasys network. On this last point, it should be noted that the company had said that it “wants to go all the way”, which is why it has the will to be part of the validators of this blockchain. By becoming a validator of the network, it joins the long list of companies (mainly games) that had already planned it. These include Bandai Namco, Sega, Ubisoft, Netmarble, Wemade, Com2us and Yield Guild Games.
In addition to this fact, the agreement states that Square Enix will use the Oasys blockchain to develop new inclusive games. Above all, they want to test the contributions generated by players. Thus, content will be generated by users. According to Yosuke Saito, this is a way to reward players who contribute to the creation of virtual worlds “with their own elements.”
“Our shared enthusiasm for web3 games makes this partnership exciting for us and we look forward to gaining knowledge that can advance the creation of brand new gaming experiences for gamers around the world.”
Yosuke Saito, director of Square Enix’s Blockchain Entertainment division.
