Sega is reassessing its plans to launch NFT content, having received negative reactions from the community following their initial announcement on the matter.
As reported by Nintendo Life, Sega's NFT plans were addressed in a recent management meeting in which Sega CEO Haruki Satomi, CFO Koichi Fukazawa, and COO Yukio Sugino assembled to discuss a range of topics regarding the company, including its growth strategy, noting that "nothing is decided" about NFTs, blockchain, or play-to-earn content.
"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 P2E [Play-to-Earn]," one attendee remarked. "There have been many announcements about this already including at overseas but there are users who show negative reactions at this point."
The speaker went on address several areas that may need to be considered before the company makes a final decision on whether or not to proceed with their plans to "start selling NFT digital contents that utilize blockchain technology" in partnership with game developer double jump.tokyo., as per the announcment made by Sega in April of last year.
"We need to carefully assess many things such as how we can mitigate the negative elements, how much we can introduce this within the Japanese regulation, what will be accepted and what will not be by the users," they added. "Then, 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."
NFTs and cryptocurrencies are currently largely unregulated entities often exploited for scam purposes and have been accused of having a huge negative impact on the environment due to the energy consumed during the electronic mining of currency. Steam has already banned blockchain games, but some companies are moving forward with their NFT plans regardless.
Konami is the latest games publisher to express a shift in this direction, having recently announced the launch of an NFT collection to commemorate the 35th anniversary of Castlevania. Square Enix president Yosuke Matsuda also penned a New Year's letter highlighting the company's growing focus on NFTs, blockchain games, and the metaverse.
Adele Ankers-Range is a freelance writer for IGN. Follow her on Twitter.
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As reported by Nintendo Life, Sega's NFT plans were addressed in a recent management meeting in which Sega CEO Haruki Satomi, CFO Koichi Fukazawa, and COO Yukio Sugino assembled to discuss a range of topics regarding the company, including its growth strategy, noting that "nothing is decided" about NFTs, blockchain, or play-to-earn content.
"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 P2E [Play-to-Earn]," one attendee remarked. "There have been many announcements about this already including at overseas but there are users who show negative reactions at this point."
The speaker went on address several areas that may need to be considered before the company makes a final decision on whether or not to proceed with their plans to "start selling NFT digital contents that utilize blockchain technology" in partnership with game developer double jump.tokyo., as per the announcment made by Sega in April of last year.
"We need to carefully assess many things such as how we can mitigate the negative elements, how much we can introduce this within the Japanese regulation, what will be accepted and what will not be by the users," they added. "Then, 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."
NFTs and cryptocurrencies are currently largely unregulated entities often exploited for scam purposes and have been accused of having a huge negative impact on the environment due to the energy consumed during the electronic mining of currency. Steam has already banned blockchain games, but some companies are moving forward with their NFT plans regardless.
Konami is the latest games publisher to express a shift in this direction, having recently announced the launch of an NFT collection to commemorate the 35th anniversary of Castlevania. Square Enix president Yosuke Matsuda also penned a New Year's letter highlighting the company's growing focus on NFTs, blockchain games, and the metaverse.
Adele Ankers-Range is a freelance writer for IGN. Follow her on Twitter.
Continue reading...