The renowned Japanese gaming company, Square Enix, has initiated the auction for non-fungible tokens (NFTs) featuring characters from its upcoming game, Symbiogenesis, just weeks before the official launch.
According to the official website, the game is set to be released on December 21.
Upon logging into the game, users holding the NFT Characters will receive an additional 400EXP as part of the Daily Reward.
Square Enix, the creator of the iconic Final Fantasy series, advises players to retain these NFTs and ensure they have their MetaMask wallet and Discord account ready before embarking on their gaming journey.
As the release date of the Ethereum and Polygon NFT game, Symbiogenesis, draws near, Square Enix has disclosed the details of the auction, which will unfold in three distinct phases, as announced in the company’s tweet.
The initial phase, labeled ‘Stakeholder Mint,’ commences today, November 27, and extends until tomorrow. Phase 2, termed ‘Priority Mint,’ is scheduled to run from November 30 to December 1. The third and final phase, ‘AL Mint,’ will follow on December 2, also lasting 24 hours.
Each phase represents a unique stage in the auction process, providing participants with varying opportunities to engage with and acquire NFTs associated with the game.
Square Enix has limited the release of NFTs for Chapter 1 of the game Symbiogenesis to a total of 500. The allocation for each phase is as follows: 10 characters for the first phase, 90 for the second, and 400 for the third.
During Phases 1 and 2, users are restricted to bidding on only one character. However, in Phase 3, there are no limitations on the number of characters users can bid on.
Additionally, the team has introduced extra perks for bidders. It’s important to note that there is no public mint for Symbiogenesis, and users had to participate in the Allow List Entry Campaign to mint NFT Characters in any phase. The Phase 2 Priority Mint offers an opportunity to obtain characters for free, but achieving a top rank in the Campaign is a prerequisite.
As previously mentioned, participation in the auction is exclusive to individuals selected for the Allow List during the Allow List Entry Campaign.
During Phases 1 and 2, bidders who are outbid and drop below the second place have the opportunity to bid on a different character.
Those participating in Phase 2 are automatically eligible for Phase 3, where they have the freedom to bid on more than one character.
The initial mint price for all phases starts from 0 ETH, and bidding can be made in increments of 0.01 ETH. It’s important to note that each bid will incur associated gas fees.
During the auction, an English Auction will take place if other bidders are in contention. It’s important to note that the bidder who holds the first position is not permitted to cancel midway.
If a bid is placed within the final 5 minutes of a phase, the mint period for that character will be extended by an additional 5 minutes. This extension aims to ensure a clearer final bidding process and avoid potential confusion due to last-minute bids.
Winners of the auction must claim their NFT Characters by December 6. The gas fee associated with each claim is the responsibility of the user.
Furthermore, participants who retain their NFT Characters and log into the game with the same wallet by December 28 will receive an additional 5 Replica Issue Points on December 29 as an extra incentive.