Sega Might Abandon NFTs And P2E Project; Metaverse Still An Option

2022-01-11 23:30:24
Sega Not So Sure About NFTs And P2E

During a management meeting on the 24th of December, the CEO of Sega, Haruki Satomi, revealed that the video game company may have to stop with the P2E (play-to-earn) NFTs testing.

According to the chief executive, that is due to the negative reactions by a surprisingly large number of users, concerning the P2E technology.

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. There have been many announcements about this already including overseas but there are users who show negative reactions at this point.Haruki Satomi | CEO - Sega

Moreover, Satomi says that the biggest risk for this project is for the players to perceive it as a way for the company to make money.

If that occurs, then the CEO states that Sega would have no other alternative but to abandon the NFTs play-to-earn project.

In April of 2021, Sega released a statement regarding the company’s first NFTs collectables, as the company’s intellectual property.

However, just as their rivals Ubisoft, the venture did not go according to plan, resulting in a rather low interest from the gaming community.

Sega And The Metaverse

Furthermore, Haruki Satomi also mentioned during the management meeting the company’s stance on the Metaverse.

Particularly, the CEO believes that while it is an interesting social and practical platform, video games companies should not try and mix the two together.

As a matter of fact, Satomi believes that if a certain game has elements from the Metaverse, it doesn’t necessarily classify as a Metaverse.

And due to this nature, the industry should keep producing high-end video games only.

We want to make Super Game a game that supports global and multi-platform with having a network and a community. If such a game has a competitive element called PvP, it could turn into an e-sport. Furthermore, it could become a Metaverse if it has tens of millions of downloads worldwide and a certain number of active users.Haruki Satomi | CEO - Sega

Consequently, the idea of Sega is still possible, considering that the testing phase is still ongoing.

The only thing that remains is for the video game giants to find a viable solution that perfectly integrates the play-to-earn technology, with non-fungible tokens, without ruining the gaming experience of the player.

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