Sega Will Avoid NFTs If They’re Perceived as a Money-Making Scheme

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Image: Sega

Unlike companies that have seemingly gone all in with NFTs and the alleged opportunities that non-fungible tokens can bring to the gaming space, Sega has decided that it’ll be approaching the topic with a high level of caution.

This has been made clear in a Q&A letter that was published at the end of December by Sega Sammy Holdings, which included insight from Sega president and COO Yukio Sugino and other top executives. NFTs were brought up during one portion of the management meeting, and one executive clarified that Sega would not be dipping its feet into NFTs if fans saw them as a “money-making” scheme.

“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,” Sega admitted before clarifying its stance on the blockchain-based technology.

“There have been many announcement about this already including at overseas but there are users who shows negative reactions at this point. 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. 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.”

Companies such as Ubisoft have already demonstrated their commitment to the NFT space with developments such as Quartz, an NFT platform, while others have taken softer steps. Those include Konami, which has begun acclimating its fans to the idea of NFTs by auctioning items based on one of its biggest franchises, Castlevania.

Source: Sega Sammy

Tsing Mui
News poster at The FPS Review.

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