Square Enix, the developer and publisher behind the popular Final Fantasy series, has formed a partnership with Web3 games platform HyperPlay to venture into the realm of Web3 gaming.
Although the exact amount of the investment remains undisclosed, HyperPlay has announced plans to use the funds for expanding and enhancing its game store by adding more platforms, stores, and entertainment features in future updates.
As part of this collaboration, Square Enix’s SYMBIOGENESIS, an art experience focusing on digital asset ownership and powered by MetaMask, will make its debut on the HyperPlay storefront.
Enhancing Game Distribution
Hideaki Uehara, the general manager of investments at Square Enix, describes this investment and partnership as “very exciting,” highlighting HyperPlay’s innovative product for improving game distribution and creating new business models beneficial for game developers.
Despite a recent slowdown in blockchain and Web3 investments, Square Enix remains committed to its plans, demonstrating confidence in these emerging technologies. The investment and partnership align with Square Enix’s efforts to update its organizational structure to adapt to the opportunities presented by blockchain, Web3, and AI.
Embracing Emerging Technologies
HyperPlay founder JacobC.eth emphasizes the importance of enabling new business models in gaming that align the incentives of players and developers to facilitate a sustainable flow of quality games. As Square Enix joins HyperPlay, it reaffirms its commitment to embracing blockchain and Web3 technologies, despite surprising some of its more traditional gaming fans. The company aims to differentiate itself from competitors and exceed traditional expectations.
Square Enix joins a list of companies investing in HyperPlay, following a $12 million Series A round led by Griffin Gaming Partners, Bitkraft, and Delphi, with support from Consensys and Game7, among others.
