You need to gift your opponent a card in order to get the full benefit of the spell, but it does also come with added hexproof for the person casting it
I would be a little worried about a possible standard reprint, simply because it would probably would have less of an impact on the format than Scavenging Ooze, and as the reprinting of Scavenging Ooze and Hornet Queen in recent core sets shows, WoTC isn't afraid putting expensive commander cards into standard if they think they are safe

Most valuable cards in Final Fantasy View the full price guide $6,175.00 Traveling Chocobo Final Fantasy $2,116.76 Traveling Chocobo Final Fantasy $1,962.72 Traveling Chocobo Final Fantasy $1,751.22 Traveling Chocobo Final Fantasy $1,709.36 Traveling Chocobo Final Fantasy $485.44 Sephiroth, Fabled SOLDIER // Sephiroth, One-Winged Angel Final Fantasy $259.23 Cloud, Midgar Mercenary Final Fantasy $151.62 Yuna, Hope of Spira Final Fantasy More cards by Kota Nakatsubo $18.76 Crux of Fate Strixhaven Mystical Archive $13.96 Shivan Dragon 30th Anniversary Celebration Tokyo $7.59 Repel Calamity Secrets of Strixhaven Mystical Archive $5.68 Summon: Leviathan Final Fantasy $0.55 Summon: Anima Final Fantasy $0.55 The Dragon-Kami Reborn // Dragon-Kami's Egg Kamigawa: Neon Dynasty $0.35 Repel Calamity Secrets of Strixhaven Mystical Archive Summon: Bahamut // Summon: Bahamut Final Fantasy Art Series SetFinal Fantasy Most valuableTop 100 Magic: The Gathering cards You might also like...

It can be played in various rule formats, which fall into two categories: constructed and limited