Sega Singapore Partners with Finschia for Web3 Games
Sega Singapore, a subsidiary of the popular entertainment company, is teaming up with Finschia, a blockchain project, to bring Sega’s intellectual properties (IPs) into the world of Web3 games. This partnership means that Sega could potentially develop new games based on its existing franchises using blockchain technology.
As part of the collaboration, Sega Singapore is also involved in securing the Finschia network by operating a node and participating in the protocol governance. This decision marks a change in Sega’s stance on Web3 games, as they previously expressed skepticism about their appeal.
Sega’s Chief Operating Officer, Shuji Utsumi, initially dismissed Web3 games as “boring” but later acknowledged the potential for new ideas and revenue streams in the gaming ecosystem through Web3 and blockchain elements.
In September 2022, Sega announced its first blockchain game, licensing its Sangokushi Taisen franchise to Double Jump Tokyo. The game will utilize Oasys, a game-oriented blockchain, to incorporate Web3 features.
Hot Take: Sega Dives Into Web3 Gaming
Sega Singapore’s partnership with Finschia underscores the company’s shifting attitude towards Web3 games and blockchain technology. By leveraging their existing IPs, Sega has the opportunity to explore new gaming experiences and potentially generate more revenue. With their earlier announcement of licensing a franchise for a blockchain game, it’s clear that Sega sees the value in embracing Web3 and its benefits for the gaming industry. As Sega continues to navigate the Web3 landscape, we can expect to see more exciting developments from this iconic entertainment company.
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