Sega, the Japanese video game giant behind popular games like Sonic The Hedgehog, has announced that it abandoned its plans to develop blockchain-based games. The firm also said it decided not to share its biggest franchises with third-party blockchain projects to avoid devaluing its content. The company was previously regarded as one of the most loyal advocates of blockchain gaming. - The company's co-chief operating officer, Shuji Utsumi, defined play-to-earn (P2E) games, which are the basis of blockchain-, crypto-, and NFT-focused gaming, as boring.
- However, Sega will continue to allow its external partners to use its lesser-known Three Kingdoms and Virtua Fighter characters for NFTs.
- The gaming giant's lesser franchises will also be offered to several blockchain-based games, which will be announced later in 2023.
- Also, the company's investments in blockchain-related projects will continue.
- Utsumi said blockchain technology is still useful in situations like moving characters and items between different games.
- The firm executive added that they would remain open to getting more involved in blockchain as the technology matures.
France-headquartered video game publisher Ubisoft also pulled back its investments in NFT games, citing low demand. |
