Bloomberg reported that Sega, which once actively promoted the use of blockchain, is pulling out of GameFi and blockchain gaming (BCG).
Sega Executive Vice President and Co-COO Shuji Utsumi told Bloomberg that the company currently has concerns about blockchain technology and is canceling its blockchain game development plans.
“We are investigating whether this technology will really work in this industry,” Utsumi said.
“The action in a play-to-earn (P2E) game is not fun.
The company had previously announced that it would remove some of its most famous games and IP (intellectual property) from blockchain gaming. However, it intends to allow third-party developers to create blockchain games. Last year, the company partnered with double jump.tokyo to develop a blockchain game leveraging past IP.
The company has long been cautious about blockchain games. When we first announced our entry into this field, we received a strong backlash from our fans. are doing.
Sega has invested in Asia-based crypto fund IVC, which is actively investing in the GameFi project. The other day, IVC held “IVS Crypto 2023” in Kyoto, and many SEGA executives attended.
｜Translation: CoinDesk JAPAN
｜Editing: Takayuki Masuda
| Image: Unsplash
｜Original: Sega Rethinks GameFi Plans, COO Calls Blockchain Gaming ‘Boring’: Bloomberg