Sega Steps Back from Blockchain Gaming After Crypto Industry Meltdown
Sega, the iconic gaming company responsible for popular titles like Sonic the Hedgehog and Yakuza, is changing its stance on blockchain gaming.
Co-Chief Operating Officer Shuji Utsumi revealed to Bloomberg News that Sega will no longer allow its major franchises to be used in third-party blockchain games.
The decision aims to protect the value of their content amidst the downturn in the global crypto industry.
Additionally, it is temporarily putting on hold its plans to develop its own blockchain games.
This shift in perspective marks a departure from Sega’s previous support for blockchain technology, which it believed could enhance the appeal of its games.
The recent market collapse and loss of interest in digital currencies have dimmed the prospects of such projects.
However, Sega will continue to invest in related projects and support upcoming blockchain games featuring its lesser-known franchises.
As the technology matures, Sega remains open to further involvement in the future.
While Sega is scaling back its blockchain gaming involvement, it still intends to permit the use of its lesser-known characters, such as Battle of Three Kingdoms – Sangokushi Taisen and Virtua Fighter, in non-fungible token (NFT) projects.
Prior to Sega’s recent decision to scale back its involvement in blockchain gaming, double jump.tokyo unveiled a teaser site for the highly anticipated “Battle of Three Kingdoms”, in partnership with Sega.
The trading card game, slated for release by the end of 2023, promises to captivate players with captivating artwork from the iconic Sangokushi Taisen IP.
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