Sega Takes a Step Back from Blockchain Gaming
Sega, the Japanese video game titan, has decided to scale back its involvement in blockchain gaming. The company is withholding its popular franchises from third-party blockchain gaming projects to protect their value. Additionally, plans to develop Sega’s own blockchain games have been put on hold. Co-Chief Operating Officer Shuji Utsumi expressed his skepticism about play-to-earn games, calling them boring and questioning their entertainment value. This marks a significant shift for Sega, which was previously involved in the gaming-focused Oasys blockchain. However, Sega still plans to allow external partners to use its lesser-known characters for NFTs and will continue to invest in blockchain projects.
Key Points:
- Sega is withholding its popular franchises from third-party blockchain gaming projects to prevent content devaluation.
- The company has temporarily shelved plans to develop its own proprietary blockchain games.
- Co-Chief Operating Officer Shuji Utsumi criticized play-to-earn games, calling them boring and questioning their entertainment value.
- Sega still intends to allow external partners to use its lesser-known characters for NFTs and will continue to invest in blockchain projects.
- Utsumi expressed skepticism about deploying web3 technology in Sega’s “super game” initiative.
Hot Take:
Sega’s decision to step back from blockchain gaming reflects the challenges and uncertainties in the sector. While the company recognizes the potential of blockchain technology, it is cautious about its application in the gaming industry. By protecting its popular franchises and exploring opportunities with lesser-known characters, Sega is striking a balance between innovation and risk mitigation.
By
By
By
By
By