Mocaverse, a prominent NFT collection under Animoca Brands, has recently entered into a Memorandum of Understanding (MoU) with SYMBIOGENESIS, an NFT collectible art project by Square Enix. The collaboration aims to simplify the transition for users from Web2 to Web3 by integrating their services and providing a seamless experience for gamers and crypto-curious individuals.
SYMBIOGENESIS is an innovative project from Square Enix, a major entertainment and video game publisher in Japan, known for producing globally popular franchises such as Final Fantasy, Kingdom Hearts, and Dragon Quest. These franchises have collectively sold more than 85 million copies worldwide, making Square Enix a significant player in the gaming industry. In June 2024, Square Enix expanded its portfolio by launching SYMBIOGENESIS, a new entertainment concept combining collectible art and browser-oriented content, featuring over 10,000 NFTs. The project is designed to tap into the growing interest in NFT art and blockchain-based gaming experiences.
Mocaverse, on the other hand, serves as a flagship project for Animoca Brands, facilitating access to immersive gaming experiences and rewards for users. The platform allows consumers to engage with Web3 through a single login, making it a user-friendly entry point into decentralized applications and blockchain-based content. This partnership follows an earlier agreement between SYMBIOGENESIS and Animoca Brands’ Japan division, aimed at bolstering the marketing efforts for Square Enix’s NFT initiative. The collaboration reflects the shared goal of both companies to accelerate the adoption of Web3 technologies by streamlining the onboarding process for new users.
Leveraging Mocaverse’s Digital Identity and Moca Network
The partnership between Mocaverse and SYMBIOGENESIS is expected to fast-track the integration of Web2 users into Web3 ecosystems by utilizing Mocaverse’s on-chain digital identity and loyalty program. SYMBIOGENESIS will be integrated into the Moca Network, which currently hosts over 540 Web3 games. Through this network, SYMBIOGENESIS players will gain access to a wide array of blockchain-based games and content. The Moca ID system, which boasts 1.8 million active users, will serve as a gateway for users to explore both SYMBIOGENESIS’s NFT art and browser-based gaming experiences, enabling them to seamlessly participate in Web3 activities.
Web3 gaming is making a resurgence
Square Enix just partnered with Mocaverse to plug @symbiogenesisPR into the Realm Network
Many think crypto gaming is in decline
But this couldn't be further from the truth; particularly coming out of Japan:
– Sony published a raft of NFT… pic.twitter.com/PnvaWWaPpt
— s4mmy.moca (@S4mmyEth) October 2, 2024
The collaboration will also offer users an innovative approach to accessing Web3 content without the need for complex crypto processes, such as handling seed phrases or dealing with gas fees. Instead, users can leverage familiar Web2 social logins to access a vast array of decentralized applications and games, reducing the barriers to entry that often deter new users from exploring the Web3 ecosystem. This streamlined process aligns with Mocaverse’s mission to make the Web3 space more accessible to mainstream audiences, particularly those who may be curious about blockchain technology but unfamiliar with its intricacies.
Empowering the Next Generation of Web3 Users
The leadership at both Mocaverse and SYMBIOGENESIS has expressed excitement about the potential of this partnership to drive adoption in the evolving Web3 space. The project lead at Mocaverse emphasized that the collaboration represents a significant step toward simplifying the Web3 onboarding process for a broader audience. He noted that the partnership would enable users to experience the opportunities that Web3 has to offer in a user-friendly manner, thereby fostering a greater understanding and appreciation of decentralized technologies.
Meanwhile, a director from Square Enix working on the SYMBIOGENESIS project highlighted that the collaboration with Mocaverse is an exciting opportunity to leverage the strengths of both companies in order to onboard users to the next iteration of the internet. He pointed out that the combination of SYMBIOGENESIS’s collectible art concept with Mocaverse’s robust gaming network is poised to bring a new level of engagement and accessibility to users exploring Web3.
Conclusion: A Path Toward Broader Web3 Adoption
The partnership between Mocaverse and SYMBIOGENESIS signals a collaborative effort to lower the barriers for users entering the Web3 space. By leveraging their respective expertise in gaming, NFTs, and blockchain technology, the two projects aim to simplify the onboarding process, making it easier for Web2 users to transition to Web3. This integration is expected to play a crucial role in expanding the reach of decentralized applications, with both companies working toward a shared vision of a more inclusive and accessible Web3 ecosystem.
As the gaming and NFT industries continue to intersect with blockchain technology, partnerships like this are likely to shape the future of digital entertainment, making decentralized experiences more approachable for mainstream audiences.