Square Enix Adopts Arbitrum for Symbiogenesis Chapter 2

Square Enix, renowned for iconic franchises like Final Fantasy and Kingdom Hearts, is expanding its blockchain ventures. It has adopted the Ethereum layer-2 network, Arbitrum, for its Symbiogenesis game. This marks a significant shift from the previous Ethereum mainnet minting.

Key Updates

The upcoming NFT character mint for Symbiogenesis will be on Arbitrum. This will significantly reduce gas fees to approximately 1.3 yen per bid—about 1/1000th of the previous cost. This move aims to make participation more accessible and cost-effective for players.

Initially, 500 character NFTs were minted on the Ethereum mainnet in December. This led to some humorous reactions on social media due to their quirky names such as "Egg," "Starvation," and "Wastebasket." Despite this, these NFTs currently hold a starting price of under 0.12 ETH (around $445) on secondary marketplaces.

While earlier in-game NFT assets were minted on Polygon, it remains unclear if Square Enix will fully transition to Arbitrum for all future assets. The adoption of Arbitrum for Chapter 2 suggests a potential shift in strategy, but official confirmation is awaited.

About Symbiogenesis

Symbiogenesis is a narrative adventure game centered around NFTs, with character ownership unlocking exclusive parts of the experience. The game plans to release a total of 10,000 characters, enhancing the game's depth and player engagement.

Upcoming Auction Details

The next wave of 1,500 NFT characters will be available on Arbitrum starting Friday, May 31, through a public auction. The auction will run over three days, concluding on Sunday. Characters will be released in small batches throughout the auction period. This is to ensure a fair distribution among participants. Square Enix has provided a detailed guide on how to bridge assets to Arbitrum One, facilitating a smooth transition for participants.