Sega, the Japanese video game giant, has decided to distance itself from games based on blockchain and play-to-earn, which seem to be struggling to find interest among players. However, the use of non-fungible tokens (NFTs) and the possibility of further exploring blockchain technology remain open for the long term.
Sega reviews its position on play-to-earn
According to exclusive information from Bloomberg, Japanese video game giant Sega has decided to move away from blockchain gaming. Although it does not intend to completely withdraw from this market, the manufacturer of arcade systems and developer of video games wishes to preserve its best franchises from the failure that this type of game could experience in order not to ” devalue “.
This is Shuji Utsumi, Sega’s co-chief operating officer., who shared the decision with Bloomberg News. The latter contrasts with the launch of the Oasys mainnet last December, a blockchain dedicated to Web3 supported by Sega, Bandai Namco, Ubisoft and Square Enix alongside blockchain investors like Jump Crypto, Crypto. com, Huobi or even KuCoin.
However, the boom once enjoyed by play-to-earn such as Axie Infinity quickly faded – along with the bear market vis-à-vis cryptocurrencies – which did little to help. maintain the confidence of industry giants for this new technology, which is moreover criticized by most communities of players foreign to the principles of blockchain, NFT and play-to-earn.
According to Mr. Utsumi, the action in play-to-earn games is ” boring “, and he also asked ” what’s the point if the games aren’t fun? “. More generally, he questions the interest of blockchain technology for video games, adding ” we wonder if this technology will really take off in this sector, after all “.
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Still an interest in NFTs?
Sega should, however, continue to use non-fungible tokens (NFT) for some of its titles. more secondary ones such as Total War: Three Kingdoms and Virtua Fighter. Thus, Sega also plans to release a few games through the blockchain by investing “ a few hundred million yen in each case, according to Shuji Utsumi.
The latter also does not exclude that Sega will eventually refocus on blockchain technology. in the event that it would find some interest among the players. He is even optimistic about his development over the longer term:
“To the majority of people in the video game industry, what blockchain advocates are saying might sound a little extreme, but that’s how the first penguin has always been. We should never underestimate them. »
Thus, it seems that blockchain gaming is not definitively abandoned for Sega, but this technology seems to be visibly struggling to find interest among industry giants.
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Source: Bloomberg
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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