<\/p>\n
In a surprising turn of events, Japanese gaming giant Sega has announced its retreat from blockchain initiatives, fueled by concerns over the devaluation of its content. Sega had once been an advocate of blockchain-based gaming, notably filing for a \u201cSega NFT\u201d trademark in Japan in December 2021. <\/p>\n
However, co-chief operating officer Shuji Utsumi has expressed his disillusionment with the play-to-earn model of blockchain games, criticizing them as \u201cboring\u201d and \u201cno fun,\u201d according to an interview with Bloomberg<\/a><\/em>.<\/p>\n The about-face comes on the heels of Sega\u2019s partnership in late 2022 with Japanese studio DoubleJump.Tokyo<\/a> to develop a blockchain-based card game on the Oasys Blockchain. The game was based on Sangokushi Taisen,<\/a> a popular real-time strategy game typically played in Japanese arcades with physical cards. DoubleJump.Tokyo\u2019s CEO, Hironobu Ueno, had previously championed the game for its ability to \u201csolve obstacles for gamers, offer fast transactions and zero gas fees.\u201d<\/p>\n This backtrack also marks a deviation from Sega\u2019s \u201cSuper Game\u201d project in 2022, which was perceived as an ambitious endeavor to move beyond traditional game frameworks, according to Utsumi.<\/p>\n Sega\u2019s decision to pivot away from blockchain echoes similar sentiments seen in the wider gaming industry<\/a>. Notably, Valve has prohibited blockchain technology<\/a> on its gaming platform, Steam, as has independent platform Itch.io. Yet, the industry is anything but unanimous on this issue. <\/p>\n Sega\u2019s withdrawal comes on the heels of Square Enix announcing a partnership<\/a> with blockchain gaming platform Elixir to foster \u201cvisibility and adoption of Web3 games among traditional gamers.\u201d Prior to his departure, then-president of Square Enix, Yosuke Matsuda, had declared \u201caggressive investment\u201d into blockchain tech and NFTs as part of the company\u2019s vision.<\/p>\nA divided industry<\/h2>\n