Sega Boss Says Company Pivoting Away From That Dumb NFT Game

Gaming companies are convinced that cryptocurrencies have lost their attractiveness significantly in recent months due to numerous crimes and scandals who were once so hungry for rising crypto profits are gradually sneaking away from the dinner table.

Sega Co Chief Plant manager Shuji Utsumi narrated Bloomberg In an interview, he stated that the company is no longer interested in developing blockchain-based projects for itself Sonic the Hedgehog And yakuza franchises. Put an end to the NFT nosense According to the interview, this would help avoid further “devaluation” of the content and brand.

It’s been a little over two years since Sega announced It wanted to sell NFTs for its major IPs while developing NFT content for “IPs currently in development and new IPs to be released in the future”. However, Sega will continue to rent to third parties use companies Three Kingdoms And Virtual Fighter characters as tokens the non-fungible variety.

However, the company is highly vacillating on whether it will continue to develop games using blockchain technology. Utsumi said they were “looking into” whether a “supergame” initiative that would create some kind of MMO with Web 3 “will really take off in this industry.”

However, the Sega manager still leaves room for a blockchain-based future. He said that while blockchain advocates sound “extreme,” that’s only because they’re the real risk takers, and should never be “underestimated”. The company announced last year that its first blockchain game would be a new entry in the Sangokushi Taisen series. The game was developed on the Oasys blockchain, a platform also powered by companies like Square Enix, Bandai Namco, and Ubisoft.

Utsumi’s comments reflect most of the player base has said since the NFT craze began. He believes “The action in play-to-earn games is boring.” Other blockchain-based games promised to make players money, but they merely created a new kind of abuse economy that incentivized intense gaming at very little profit. Games like beleaguered Axe Infinity continue despite the fact that the number of players had already dropped massively before the platform was founded was hit by a $625 million hack of its Ronin network.

Although the price of cryptocurrencies remains in the dumpster, other publishers such as Ubisoft are leaving back and forth about the whole Web 3 thing. Last September was the CEO of the company claims They were still “in research mode” for NFT-based games. This happened despite executives Whine that “players just don’t get it” when they put tokens in games like… Ghost Recon Breakpoint. Last week the company divided his first blockchain-based game Champions Tactics: Grimoria Chronicles. There’s no word on how the heck this game integrates Web 3 technology, but it too uses the Oasys blockchain.

As much as Sega executives would like to present their continued interest in Web 3 as a mere risk to the risk-taker, many other companies’ sluggish forays into NFTs have failed. Instagram has done away with NFTs after less than a year of restricted activity. However, pop star Justin Beiber paid nearly $1.3 million for a Bored Ape NFT has since lost more than 95% of its value.

NFTs, and by extension the blockchain ecosystem, have done this were largely used to make money off the gullible. As of this writing, it’s unclear what potential benefit a decentralized network could bring to gamers, but as the AI ​​hype reaches ridiculous proportions, gaming companies are already on board and twisted the ends of their thin mustaches I’m thinking about how this latest technology can do that bring them more money by reducing labor costs. Sorry NFTs, but they’re just yesterday’s plan.