Square Enix adopts Arbitrum for Symbiogenesis NFT character creation

TLDR

• Square Enix, the company behind popular game franchises like Final Fantasy and Kingdom Hearts, is moving NFT character creation from its blockchain game Symbiogenesis to the layer 2 Ethereum network Arbitrum.
• The move to Arbitrum aims to reduce the gas fees for creating NFTs to approximately 1/1000 of the previous cost on the Ethereum mainnet, making the process more accessible and profitable for users.
• The first wave of 500-character NFTs was created on the Ethereum mainnet in December, with some mockery on social media around curious names like “Egg” and “Starvation.”
• A total of 1,500 new NFT characters will be released on Arbitrum during a three-day public auction starting May 31, with characters released in small batches.

Square Enix, the video game giant behind popular franchises like Final Fantasy and Kingdom Hearts, has announced a significant change in its approach to NFT minting for its blockchain game. Symbiogenesis.

The company is moving the next wave of NFT coin creation to the Arbitrum Layer 2 Ethereum network, aiming to reduce gas fees and improve user experience.

The decision to adopt Arbitrum comes after the first batch of 500-character NFTs were created on the Ethereum mainnet in December. While the initial minting process resulted in high gas costs, switching to Arbitrum is expected to reduce fees to about 1/1000 of the previous cost, or about 1.3 yen (about $0.01) per bid.

Symbiogenesis is a story-driven adventure game that incorporates NFTs for characters and various in-game items.

The game’s unique approach has attracted the attention of both gaming enthusiasts and blockchain technology advocates. However, the high transaction costs associated with creating NFTs on the Ethereum mainnet have posed a significant challenge for the project.

By leveraging Arbitrum’s capabilities, Square Enix aims to tackle this problem head-on, making the NFT minting process more accessible and profitable for users.

The reduced fees should boost adoption and engagement, as more players will be able to participate in the minting process without being deterred by high costs.

The upcoming public auction of 1,500 new NFT characters will take place over three days, starting May 31. Characters will be released in small batches throughout the auction period.

Square Enix provided a practical guide for users to link their assets to Arbitrum One in preparation for the event.

Although the move to Arbitrum is an important development for Symbiogenesis, it remains unclear whether Square Enix plans to continue using Polygonan Ethereum sidechain scaling network, for future in-game NFT assets.

The company did not provide specifics on this, and the decision may depend on user feedback and Arbitrum’s performance in the upcoming auction.

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