Sega will likely not introduce NFTs for play-to-earn if ‘perceived as simple money-making’

The management at video game agency Sega Corporation’s holding firm has advised that they could keep away from nonfungible tokens in play-to-earn mannequin video games based mostly on the response from customers.

In a Dec. 14 assembly of Sega Sammy Holdings’ CEO Haruki Satomi, senior govt vp Koichi Fukazawa, and Sega Corporation president Yukio Sugino, the trio said they wanted to “carefully assess” the best way to probably introduce nonfungible tokens, or NFTs, into Sega titles to “mitigate the negative elements” and work inside Japanese rules. The executives cited “negative reactions” from customers abroad rewarded in NFTs for gameplay.

“In terms of NFT, we would like to try out various experiments and we have already started many different studies and considerations but nothing is decided at this point regarding [play-to-earn],” stated Sega. “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.”

The executives added that any rollout of NFTs in play-to-earn model games would “be better to work with partners on new technologies and domains […] rather than dealing with them in-house.” It’s unclear how the video game firm intends to maneuver ahead with gauging person curiosity.

Related: Play-to-earn games are ushering in the next generation of platforms

The Sega Corporation is a Japan-based game developer and a subsidiary of the Sega Group Corporation, which merged with the Sammy Corporation in 2004. The firm has been behind many well-liked video games because the introduction of Sonic the Hedgehog within the 1990s — Sega’s newest title within the sequence, Sonic Frontiers, is scheduled to be launched in 2022. In April 2021, the corporate announced it deliberate to increase into NFTs by a partnership with game developer double

Should Sega transfer ahead with utilizing NFTs in play-to-earn mannequin video games, it could be becoming a member of quite a lot of gaming firms incorporating the technology. In March 2021, France-based game writer Ubisoft launched One Shot League, a fantasy soccer game developed in collaboration with the Ethereum-based game Sorare.