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Sega reconsidering NFT plan upon reaction from fans

Sega is reconsidering its plans to provide NFT content after receiving unfavourable feedback from the public following its initial statement.

Sega’s NFT plans were discussed in a recent management meeting, according to Nintendo Life, in which Sega CEO Haruki Satomi, CFO Koichi Fukazawa, and COO Yukio Sugino gathered to discuss a variety of topics, including the company’s growth strategy, noting that “nothing is decided” about NFTs, blockchain, or play-to-earn content. “In terms of NFT, we’d like to try out numerous experiments, and we’ve already started many different research and considerations,” one attendee noted, “but nothing has been decided at this moment about P2E [Play-to-Earn]”.

According to the announcement made by Sega in April of last year, the company will “start selling NFT digital contents that utilise blockchain technology” in partnership with game developer double jump.tokyo. The speaker went on to 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 utilise blockchain technology.”

Sega further added, “We need to carefully examine several things, such as how we can lessen the negative elements, how much we can bring this under Japanese regulation, and what will be accepted and what will not be by users. Then, if this challenges our purpose of ‘Continuously Creating, Forever Captivating,’ we will investigate it further”.

NFTs and cryptocurrencies are currently mostly uncontrolled entities that are frequently employed in scams. They have also been accused of having a significant detrimental impact on the environment due to the energy used in electronic currency mining. Despite the fact that Steam has already prohibited blockchain games, some companies are pressing forward with their NFT plans.

Konami is the latest game publisher to signal a change in this manner, announcing the release of an NFT collection to mark Castlevania’s 35th anniversary. In a New Year’s letter, Square Enix president Yosuke Matsuda emphasised the company’s growing focus on NFTs, blockchain games, and the metaverse.