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Sega Has Chosen Its Side in the Discussions over NFT Play-to-Earn Gaming and Blockchain

CryptocurrencyJan 11, 2022 08:30AM ET
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Sega Has Chosen Its Side in the Discussions over NFT Play-to-Earn Gaming and Blockchain

Since October of 2021, NFTs and crypto in games have been under scrutiny and the subject of intense discussion by the biggest gaming studios in the industry. Companies such as Steam, Xbox, and GSC Game World decided not to contemplate dealing with non-fungible tokens for a number of reasons. On the other hand, Ubisoft, Konami, and Square Enix have their eyes fixed on blockchain, seeing it as the cutting-edge technology of the future.

At the start of 2021, Sega worked out a deal with several companies to bring out NFTs of their most iconic characters. Even in November, Sega still considered the technology worth implementing, and expressed interest in further experimenting in the field. However, the decision was eventually reconsidered after community feedback. In the wake of the backlash, they claimed:

"We need to carefully assess many things such as how we can mitigate the negative elements, how much we can introduce this within the Japanese regulation, what will be accepted and what will not be by the users. "Then, we will consider this further if this leads to our mission "Constantly Creating, Forever Captivating", but if it is perceived as simple money-making, I would like to make a decision not to proceed."

Read about these events here:

Ubisoft Continues to Stand its Ground Regarding NFTs

Konami Becomes the Latest Big Gaming Studio to Express Appreciation for Blockchain and NFTs

Xbox Chief Remains Skeptical of Gaming NFTs Despite Ubisoft, EA, Square Enix Showing Their Support

S.T.A.L.K.E.R 2 Had to Feature NFTS and Blockchain, but the Devs Reconsidered the Decision After

Japanese Gaming Giant Square Enix Plans to Bring NFTs to the Masses. The Best JRPG on Blockchain May Soon Come

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Sega Has Chosen Its Side in the Discussions over NFT Play-to-Earn Gaming and Blockchain
 

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