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Gaming Giant Sega Reconsiders Blockchain Involvement

July 10, 2023
in Metaverse
Reading Time: 3 mins read
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Sega’s Chief Working Officer, Shuji Utsumi, not too long ago expressed doubts in regards to the leisure worth of play-to-earn (P2E) crypto video games, stating that they’re “no enjoyable” to play. This got here as a shock given Sega’s earlier ventures into blockchain and Non-Fungible Tokens (NFTs), and the corporate’s partnerships with outstanding crypto and gaming corporations.

Gaming Giant Sega Reconsiders Blockchain Involvement

Printed: 10 July 2023, 10:30 am Up to date: 10 Jul 2023, 7:38 am

Sega has proven enthusiasm for NFTs and blockchain know-how, notably via their upcoming partnership with doublejump.tokyo, a number one blockchain gaming firm in Japan. Nonetheless, Utsumi’s feedback elevate questions on whether or not Sega sees blockchain as a sustainable avenue for the gaming business.

Sega’s stance on P2E video games has raised eyebrows within the gaming neighborhood. Gamespot reported that the corporate is unwilling to experiment with blockchain utilizing its most famous franchises as guinea pigs. As such, characters from beloved video games like Sonic and Yakuza received’t be showing in NFT marketplaces within the close to future.

Gaming studio Sega was as soon as regarded among the many staunchest advocates of blockchain gaming. Now, it is pulling again https://t.co/Z8fesHktpA

— Bloomberg (@enterprise) July 6, 2023

The controversy round blockchain gaming has grown with players expressing disdain for video games that incorporate parts of crypto and blockchain. But, advocates argue that crypto and blockchain are excellent companions.

Asian-based gaming corporations have largely backed the potential of blockchain. Regardless of substantial backlash, firms like Tokyo-based Last Fantasy developer Sq. Enix, South Korean WeMade, and Nexon proceed to push ahead with their blockchain gaming initiatives.

Sega’s Future

Nonetheless, Sega’s candid skepticism could problem the resolve of those gaming giants. Utsumi hasn’t solely dismissed crypto. He cited Sega’s ongoing blockchain-related initiatives and IP provision plans. Nonetheless, the corporate’s hesitance to danger its high IPs in P2E gaming is a blow to blockchain advocates.

The teaser website and trailer for “Battle of Three Kingdoms” have been launched!

Take a look at the positioning at https://t.co/DbyaNdxd4z and observe @b3k_games for the newest updates! #B3K #BattleofThreeKingdoms #NFT pic.twitter.com/LMynyPsYig

— Battle of Three Kingdoms (@b3k_games) June 29, 2023

If extra firms determine to observe Sega’s cautious strategy, this might spell uncertainty for the nascent business. Sega’s shift in stance would possibly immediate others to rethink their dedication to blockchain gaming, casting doubts on its future.

QuickSwap Gaming Hub is a web3 gaming platform that focuses on making video games enjoyable and rewarding digital asset possession to boost the gaming expertise.

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