A research report released by Precedence Research pointed out that as of 2022, the global Metaverse market size has exceeded US$68.49 billion, and is expected to reach approximately US$3.11867 billion by 2032, with a compound annual growth rate of 44.5%. The report mentioned that North America will occupy the highest market share in 2022, reaching 37.37%; the hardware segment will dominate, accounting for 73.36%; and the mobile segment will occupy the largest share in 2022, reaching 59.03%.
Square Enix, the famous publisher known for the "Final Fantasy" series, plans to launch an NFT auction for its latest project "Symbiogenesis" in the coming week. Symbiogenesis is a project built on the Ethereum and Polygon blockchain networks. Marks the company's first entry into the Web3 gaming ecosystem. The NFT auction will be conducted in three phases, each of which will provide unique opportunities to acquire digital collectibles closely related to the gaming experience.
Symbiogenesis is billed as a digital collectible art project that combines traditional gaming elements with the burgeoning NFT sector. The game's ending is not predetermined, and players have the opportunity to shape the final outcome based on their achievements in the game.
Unlike traditional NFT launches, Square Enix will gradually release these digital assets alongside each new story chapter, gradually revealing the game world. In Symbiogenesis, NFTs have a variety of uses, from unlocking narrative elements to becoming assets tradable on the blockchain.
The auction phases are arranged as follows: Phase 1 is from November 27 to November 28, Phase 2 is from November 30 to December 1, and Phase 3 is from December 2 to December 3.
