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Square Enix Explores Blockchain Game Development As Part Of Oasys Project Partnership – Bitcoin News
Square Enix, one of the largest Japan-based game companies, has entered into a partnership with Oasys, a Web3-oriented blockchain project. As part of this partnership, Square Enix will be part of the first 21 validators of the Oasys network, and will explore new opportunities to develop blockchain games using this decentralized technology, including user-generated contributions.
Square Enix to Validate Oasys Blockchain
Square Enix has been one of the few AAA game companies in Japan looking to embrace blockchain elements as part of their business model. The company recently announced that it will go all the way, becoming part of the first validation set of Oasys, a gaming-oriented blockchain advertised as a “high-speed experience with zero gas fees” for users.
The Japanese gaming giant will use Oasys blockchain as a tool for the development of new blockchain games and the inclusion of user-generated content in virtual worlds. Commenting on this new partnership, Yosuke Saito, director of Square Enix’s Blockchain Entertainment Division, stated:
Our shared enthusiasm for web3 gaming makes this an exciting partnership for us, and we look forward to gaining insights that can advance the creation of brand new gaming experiences for players around the world.
The organization is not alone in this, as other game companies have also established partnerships with Oasys to become validators of the network. Both traditional and blockchain game companies such as Bandai Namco, Sega, Ubisoft, Netmarble, Wemade, Com2us and Yield Guild Games are also among these 21 first block validators.
A blockchain background
Square Enix’s blockchain focus is nothing new. In fact, the company has included blockchain technology as part of its business model since last year, saying it would “focus on blockchain games based on token economies as a form of decentralized content.”
The president of the company has also placed considerable emphasis on using the technology to reward users who help create virtual worlds with their own elements, as the press release from the Oasys partnership describes. In January, in a New Year’s letter, Square Enix president Yosuke Matsuda stated:
From having fun to earning to contributing, a wide variety of motivations will inspire people to engage in games and connect with each other. It is blockchain-based tokens that will enable this.
In July, the company announced plans to issue Final Fantasy-themed non-fungible tokens (NFTs) using the Enjin blockchain in 2023, as part of the celebration of the 25th anniversary of the creation of the franchise.
What do you think of Square Enix’s collaboration with Oasys? Tell us in the comments section below.
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