- Sega has no plans to include blockchain or cryptocurrency in its products in the near future.
- The firm allegedly made its first venture into blockchain gaming in November of last year.
To prevent what it sees as a devaluation of its content, gaming giant Sega has declared a deliberate withdrawal from its blockchain activities.
Co-chief operating officer Shuji Utsumi has said that the Tokyo-based company, known for games like Sonic the Hedgehog and Virtua Fighter, has no plans to include blockchain or cryptocurrency in its products in the near future.
Blockchain Games Are Boring
According to Utsumi, Sega has also put on hold ambitions to create blockchain-based video games. A lot of people thought they’d start dabbling with blockchain technology, NFTs, and maybe even cryptocurrency like competitors Ubisoft and Square Enix.
Shuji Utsumi stated:
“The action in play-to-earn games is boring. He added, What’s the point if games are no fun?”
Moreover, the COO said that Sega is now awaiting confirmation that blockchain goods are “really going to take off” in the gaming industry. Sega registered “Sega NFT” in Japan in December 2021, just around the time crypto markets peaked, after the company started investigating blockchain’s potential usage in its games and franchises the previous year.
Sega allegedly made its first venture into blockchain gaming in November of last year when it collaborated with Japanese company double jump.tokyo to create a blockchain-powered card game on Oasys. At this point, it is not known whether the game will finalize.
Many believe blockchain technology will change the gaming industry by facilitating player-to-player asset trading and ownership transfers, but skeptics remain. Over-commercialization and “pay-to-win” settings, artificial scarcity, technological concerns, bad design, and the inaccessibility of restricted content are all sources of worry.
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