Sega Quits GameFi and Blockchain Gaming
Sega, once a championing voice for GameFi and blockchain-based games, is now quitting the sector. The company’s co-Chief Operating Officer, Shuji Utsumi, expressed apprehension about the technology and announced the cancellation of plans to develop its own blockchain games. Utsumi stated that the action in play-to-earn games is boring and questioned the point if games are no fun. While Sega had previously announced its intention to withhold some of its best-known games and IP from blockchain, it still plans to allow third-party developers to produce blockchain games. The company had always been cautious about the allure of blockchain gaming and had emphasized that it would withdraw if it is perceived as simple money-making.
Key Points:
- Sega is quitting the GameFi and blockchain gaming sector.
- Shuji Utsumi, Sega’s co-Chief Operating Officer, expressed apprehension about the technology.
- Sega will cancel plans to develop its own blockchain games.
- The company still intends to allow third-party developers to produce blockchain games.
- Sega had always been cautious about the allure of blockchain gaming and emphasized its withdrawal if seen as simple money-making.
Hot Take: Sega’s decision to quit the GameFi and blockchain gaming sector reflects the company’s concerns about the technology and the lack of excitement in play-to-earn games. This move raises questions about the future of blockchain gaming and whether it can truly capture the interest of players. It also highlights the importance of creating fun and engaging experiences in the gaming industry, regardless of the underlying technology.
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