The project was launched when the non-fungible token (NFT) market’s fatigue reached its peak in 2023, failing to meet the low expectations of players in the sector. The project began as a game where players could purchase NFT-based characters and travel across a mystery multi-chapter fantasy. The growing fatigue in the market was another factor, with the usual players burnt out from other projects.
While the project promised excitement with its 10,000 NFT characters and promise of utility, the underwhelming reception it received was a surprise, especially considering the fact that it came from a renowned publisher like Square Enix.
Square Enix to shutter Symbiogenesis in July
According to reports, Symbiogenesis did not offer users any financial incentives for playing, nor did it offer much in terms of gameplay. The project was supposed to follow legendary projects like Axie Infinity or Off The Grid but refused to adopt their mechanism. Aside from allowing players to sell and buy characters and items in the games, it offered little return on investment. Players mentioned at the time that even at their peak, most of these items sold for a couple of thousand dollars. ...
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