Square Enix, one of the biggest gaming companies based in Japan, has signed a partnership with Oasys, a Web3-oriented blockchain project. As part of this partnership, Square Enix will be among the first 21 validators in the Oasys network and will explore new possibilities regarding the development of blockchain games using this decentralized technology, including user-generated contributions.
Square Enix will validate the Oasys blockchain
Square Enix was one of the few AAA game companies in Japan to seek to incorporate blockchain elements into its business model. The company recently announced that it will go all the way, being part of the initial set of validators of Oasys, a gaming-oriented blockchain advertised as a “high-speed, no-gas-cost experience” for users. .
The Japanese gaming giant will use the 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, Head of Square Enix Blockchain Entertainment Division, said:
Our shared enthusiasm for Web3 games makes this an exciting partnership for us, and we look forward to insights that can advance the creation of all-new gaming experiences for players around the world.
The organization is not alone in this endeavor as other game companies have also partnered with Oasys to become network validators. Traditional and blockchain game companies such as Bandai Namco, Sega, Ubisoft, Netmarble, Wemade, Com2us and Yield Guild Games are also among these top 21 block validators.
A blockchain background
Square Enix’s blockchain focus is nothing new. In fact, the company has included blockchain technology in its business model since last year, saying it would “focus on blockchain games based on token economies as a form of decentralized content.”
The company’s president also emphasized the use of technology to reward users who contribute to the creation of virtual worlds with their own elements, as described in the Oasys partnership press release. In January, in a New Year’s letter, Square Enix President Yosuke Matsuda said:
Whether it’s having fun, making money, or contributing, a wide variety of motivations will drive people to play games and connect with each other. Blockchain-based tokens 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 25th anniversary celebration of the franchise’s inception.
What do you think of Square Enix’s partnership with Oasys? Tell us in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, Postmodern Studio / Shutterstock.com
Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.