Cautious stance on blockchain utilization
In an interview with Bloomberg, Shuji Utsumi, the representative director and co-COO of SEGA, a major domestic game company, showed a cautious stance on the use of blockchain technology.
The reason is that the market of crypto assets (virtual currency) is sluggish and the blockchain industry has entered the winter era. He said he would like to see if blockchain technology really spreads and succeeds in the game industry.
Mr. Utsumi believes that games should be enjoyed, and he said that “play-to-earn games are not fun,” but Sega does not deny blockchain technology.
In September last year, double jump.tokyo, which develops blockchain games, received an IP (intellectual property) license for SEGA’s “Sangokushi Taisen” and developed a card game using the Oasys blockchain. announced. Last week, at the side event of “IVS Crypto 2023” at Nijo Castle, it was announced that the title of the new blockchain game was decided as “Battle of Three Kingdoms”.
Preview the “Battle of Three Kingdoms” screen!
This 1v1 instant card game captures the essence of “Sangokushi Taisen” where players must build the strongest deck within a time limit.
—Battle of Three Kingdoms (@b3k_games) July 7, 2023
connection: Announcement of Ubisoft’s adoption of Oasys, etc. BCG event held at World Heritage Site “Kyoto Nijo Castle”
Utsumi also acknowledges that blockchain technology has merit. Sega is open to blockchain technology in the long run, he said, as the technology matures. Utsumi said he plans to announce that he will provide IP to blockchain projects this year, and that he will continue to invest in blockchain-related projects.
On the other hand, he explained that he will refrain from providing licensing of the most popular and popular titles to other blockchain game projects at this time. He said he did not want to reduce the value of the content, and indicated that he would no longer develop his own blockchain games.
He also did not say whether blockchain technology will be used in an initiative called “SuperGame,” which is scheduled to offer games after 2026.
connection: Benefits of Playing Blockchain Games and the Future of Autonomous Decentralization | Abandoned Cats
Trends of major game companies
The cryptocurrency market was sluggish due to the Terra riot and the FTX bankruptcy, and the impact spread to the entire blockchain industry, including NFTs (non-fungible tokens). On the other hand, developers and companies who believe in the value of blockchain technology are still working on it. While Sega has taken a cautious stance, other major companies have shown strong interest in blockchain technology.
What are NFTs?
Abbreviation for “Non-Fungible Token”, a digital token that cannot be replaced and has a unique value. The technology is widely used in games, music, art works, and various certificates.
connection: “NFT as a national growth strategy” Interview with Liberal Democratic Party Digital Society Promotion Headquarters Masaaki Taira
For example, Square Enix Holdings (Square Enix), which is in the same industry as Sega, announced its financial results for the fiscal year ending March 2023 in May this year, and listed the blockchain business as an “initiative to achieve further growth.”
He explained that becoming a “pioneer” is the key to achieving overwhelming results, and that while promoting business verification and monetization in parallel through title releases, investment activities will continue globally.
connection: Square Enix to accelerate Web3 game development in the fiscal year ending March 24
Also this month, Ubisoft released an image video of its first blockchain game “Champions Tactics: Grimoria Chronicles”. The details of the game system have not yet been revealed, but it is said that the release date will be announced soon.
connection: Ubisoft’s first BCG, Oasys-based strategy RPG “Champions Tactics” to be released soon