What was once a warning of the dark times to come, is now a reality. Square Enix has finally announced its NFT (or non-fungible token) project, after threatening us with the company’s controversial and largely discredited-by-gamers embrace of blockchain technology.
To facilitate this extraordinary waste of fan goodwill, Square Enix has partnered with Enjin, an NFT company that will store Square Enix tokens on its Affinity blockchain. Starting today, consumers will be able to pre-order a physical action figure that comes with a redeemable code for a digital NFT. There will also be physical business cards that will likewise have a digital NFT component available for pre-order later this year.
If you’re wondering which of its franchises is pulling Square Enix in NFTs, here’s the worst part. What is perhaps the most surprising case of “didn’t read the source material you created” Square Enix is making from its NFTs Final Fantasy VII– This is a relatively obscure indie game about a group of freedom fighters with a corporation killing the planet.
Yes, you read that right. Square Enix is choosing to build on its NFTs – a technology known to consume vast amounts of energy that contributes to wildly increased emissions and a climate already spiraling out of control on a planet. Accelerates change that is either on fire, drowning, or melting – made out of characters that were dedicated to preventing companies from doing exactly what an NFT feature provides.
Mathematics is not mathematics.
Currently, there are no images available of what action figures or collectible cards will look like or how much they will cost. In an environment where gaming-related NFTs are often met with a fast and furious reaction, on top of a sharp drop in the prices of all things cryptocurrency, it is not even known if these ffvii NFTs will have a value other than sentiment.
In the face of an inevitable backlash, Square has chosen to focus on the use of Affinity Parachain, a Layer 1 proof-of-stake solution that bills itself as “environmentally friendly” and meant to be carbon neutral. It is run by a committed company. 2030. It promises to be more power efficient than the older Bitcoin or Ethereum blockchain technology, and with bridges that connect different blockchains without relying on them and operating in their energy-hungry way.
But the color of the planet, the clouds, we don’t have that kind of time.