Square Enix partners with ‘eco-friendly’ blockchain company Oasys

Square Enix is ​​taking new steps to implement controversial blockchain technology into its games. Squeenix has partnered with blockchain company Oasys, which describes itself as “eco-friendly”. This is due to their less energy-intensive “proof-of-stake” mechanism compared to “proof-of-work” methods such as those used in Bitcoin mining. Oasys’ plans align with Squeenix’s intention to develop blockchain-based token economies in their future games.

Square Enix is ​​just one of many gaming companies to invest in Oasys’ platform so far. Bandai Namco, Sega and Ubisoft are some of the biggies that have jumped on board for invest at Oasys as “validators”. Squeenix and Oasys say their agreement will allow them to “explore the feasibility of leveraging user input” when developing new games on the blockchain. Oh Happy Day.

Stranger In Paradise is indeed a strange entry in the Final Fantasy series, as Liam and Ed discovered.

The deal between Square Enix and Oasys is the latest move in the publisher’s high-intensity blockchain journey. In early 2022, the company’s president, Yosuke Matsuda, released a New Year’s letter that talked about new-age fuzzy technologies such as NFTs, blockchain, and metaverse, as well as slightly more sensitive cloud gaming. At the time, Matsuda didn’t seem to know how they would go about realizing this blockchain future. Poking fun at Final Fantasy 7’s NFTs for the game’s 25th anniversary didn’t help matters.

When Square Enix sold IP, including Tomb Raider and Deus Ex, to Embracer Group for $300 million in May, a statement on the Japanese company’s website claimed that one of the benefits of the sale would be to launch “new ventures by continuing with investments in areas such as blockchain, AI and cloud.” The partnership with Oasys seems to be one of the first tangible steps towards what they hope to achieve. I use the very loosely tangible word about blockchain.

I don’t really like blockchain and NFTs. They’re honking an emperor’s new clothes mentality into the upper echelons of the games industry for one thing. The environmental implications of some of these technologies look pretty awful too. Increasingly though, it seems like it’s only a matter of time before major publishers decide to integrate blockchain into their games.

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