Can't help but thinking about Earthbound battles when listening to this...
The bass part is definitely jazzy - walkin along. I really liked your use of silence (around 50 seconds), it can be the loudest sound sometimes. The lead stole the show for me at the 1:17 mark, and it was pretty great how the other synth picked up where it left off (or did you just switch waveforms on me?)
Chiptune jazz, bold move.