Sega delayed development of blockchain games

Sega delayed the launch of its own blockchain games. This was stated by Chief Operating Officer Shuji Utsumi, according to Bloomberg.

In his view, games built on a Play-to-Earn model are “boring” and do not deliver enjoyment.

The company will not allow third-party blockchain projects to use characters from popular franchises such as Sonic the Hedgehog. Lesser-known series, notably Three Kingdoms and Virtua Fighter, will be used to create NFTs.

In his view, these measures will help avoid “devaluation of content”.

Despite shelving its own blockchain games, Sega will continue to invest in Web3-projects, said the chief operating officer, noting the usefulness of distributed ledger technology.

“We are examining whether this technology will actually be in demand in the gaming industry,” said Utsumi.

Robbie Young, CEO of Animoca Brands, forecasted the launch of AAA Web3 games in 2024.

In March, Alibaba Cloud, the cloud provider, announced the launch of a ‘blockchain laboratory’ in Japan to create Web3 games.