Square Enix announces the first NFT from final fantasy 7enough strange. We are always talking about digital tokens stored on blockchains, but in this case they are issued along with physical objects. What do you mean? Let’s go in order.
By purchasing one cloud statueYou’ll get Final Fantasy VII’s hero or cards, plus NFTs. In the case of the statue, the NFT will be a digital copy of it. As far as cards are concerned, a bonus would be the digital card. Of course, certificates of authenticity for all objects will always be in the form of a token.
The cards will go on sale in a few months. By the way, it is also possible to order the statue. The physical object-only version is $130, and the digital-copy version is $150.
The problem, as the source points out, is that such an approach negates the nature of NFTs whose value must be determined by digital scarcity. Choosing to sell NFTs with physical objects not only reproduces them, but is conceptually not very different from creating packages with digital objects, a practice that has been around for years.
Another problem is that the figurine will be available from November 2023 and requires a complex infrastructure to use the NFT copy: the user has a wallet at Enjin company and can only store their digital objects on one particular site. , equipped as required. So even the possibility of using NFTs as you wish is only theoretical as shown in the past. Added to all this is the fact that Square Enix cannot guarantee that Enjin’s services will survive until objects are initialized, so much so that by pre-ordering them, you are warned:If Enjin services are discontinued or no longer available to Square Enix, users will no longer be able to view or use digital cards, digital certificate, and digital versions of the statue.“In short, risk is spending money on something that can’t even be enjoyed.
Source: Multiplayer
