Square Enix to Use Polygon’s Network in Symbiogenesis, Its Upcoming Web3 Experience
Japanese gaming company Square Enix has announced that it will be using Polygon, an Ethereum sidechain, as a base for Symbiogenesis, its upcoming Web3 experience. Naoyuki Tamate, producer of the game, cited the high tran...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Japanese gaming company Square Enix has announced that it will be using Polygon, an Ethereum sidechain, as a base for Symbiogenesis, its upcoming Web3 experience. Naoyuki Tamate, producer of the game, cited the high transaction speeds and low transaction gas costs as the reasons for making this change in the game’s design.
Square Enix to Harness Polygon for Symbiogenesis’ Blockchain OperationsSquare Enix, a Japanese game-developing company, has given an update regarding the development of Symbiogenesis, its upcoming Web3-based experience announced in November. The company revealed it would use Polygon, an EVM-compatible sidechain, to support part of the blockchain component of the game.
The game, which will feature several art non-fungible tokens (NFTs) as part of its story, revolves around the realization of missions and collecting resources in a land called the floating continent. Regarding the utilization of Polygon’s network in the game, Symbiogenesis producer Naoyuki Tamate at Square Enix stated:
Square Enix opted to tap into Polygon’s high transaction speeds, low gas fees, and overall user-friendliness to deliver this unique experience to Web3 fans.
Square Enix had previously stated that the game would use Ethereum as part of its structure. However, it clarified through Twitter that Polygon’s blockchain would be used for the game utility, while Ethereum would be used for the NFT collectible art component.
Web3 Gaming Still RelevantWhile some blockchain gaming trends — like the play-to-earn model — have experienced a significant downfall as part of the recent turbulence of the cryptocurrency market, there are still some companies that believe in the possibilities that decentralized structures might bring to gaming experiences.
Urvit Goel, vice president of global games and platform business development at Polygon Labs, believes that Web3 adoption in games will continue to grow, with developers realizing the benefits of this model. About this, Goel explained:
Our latest collaboration just goes to show that Web3 is decisively getting more and more traction among the world’s largest developers, proving yet again that this innovative stack of technologies and the benefits they bestow have massive potential when it comes to gaming.
While Symbiogenesis will ostensibly be the first AAA game designed from the ground up with blockchain elements, this is not Square Enix’s first dance with blockchain. The company is currently a validator in Oasys, a gaming-oriented Web3 blockchain initiative. It also announced in January that several original IP blockchain games are under development, and it is prepared to unveil more of them this year.
What do you think about Square Enix using Polygon in Symbiogenesis? Tell us in the comments section below.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Base creator Jesse Pollak says equities and non-dollar stablecoins will lead upcoming ‘tokenization supercycle’
Coinbase launched tokenized stocks on Base six weeks ago, with about $70 million to $100 million in daily volume, according to Pol...
EDX Markets and VerifiedX Partner to Bring Verified Bitcoin (vBTC) to Institutional Markets
Bitcoin Magazine EDX Markets and VerifiedX Partner to Bring Verified Bitcoin (vBTC) to Institutional Markets VerifiedX (verifiedx....
Calamos Investments CEO John Koudounis: Bitcoin Will Hit $1M by 2030
Bitcoin Magazine Calamos Investments CEO John Koudounis: Bitcoin Will Hit $1M by 2030 Is Bitcoin headed for a “huge awakening” thr...
82 Million Galaxy Devices Will Support USDC Transfers This October
USDC is set to become Samsung Wallet’s default dollar stablecoin as Coinbase expands its partnership with the smartphone maker. Th...
Polygon Opens Its Money Stack To TRON’s $94 Billion USDT Market
TL;DR: Polygon Open Money Stack now supports TRON, giving payment and fintech businesses a single infrastructure layer for bank tr...
Cardano Foundation partners with University of Nicosia for blockchain course
This partnership highlights the growing trend of blockchain projects collaborating with academia, potentially shaping future indus...