• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

SEGA Backtracks On NFT Plans After Fan Backlash

January 11, 2022
in Australian Crypto News
Reading Time: 3min read
0 0
A A
0
SEGA Backtracks On NFT Plans After Fan Backlash
0
SHARES
7
VIEWS
ShareShareShareShareShare

SEGA has put its NFT plans on the backburner after copping considerable backlash from players across the globe, many of whom are calling it another “money grab” scheme from gaming companies.

Following a SEGA management meeting held on December 24, SEGA president and CEO Haruki Satomi mentioned that his views on the play-to-earn model were still to be decided. However, back in April 2019 when the company announced to some of its global customers that it was going to produce NFTs, some responses had been “negative”.

Satomi added that “if it is perceived as simple money-making, I
would like to make a decision not to proceed”. At the moment, there seems to be an uprise from gamers against the P2E model and NFTs built into games, especially in the light of what happened with Ubisoft Quartz last month.

As companies continue to gauge the reaction of this new wave of in gaming going forward, others are jumping in head-first. Recently, the creator of SimCity launched an NFT game in which players are also creators, but it is seen more as an educational game.

Not All Gamers Like NFTs

Gamers worldwide have been growing tired of big gaming companies finding new ways to make money off their clients, before loot boxes were even a thing. For some, adding NFTs looks like another way to make just that happen.

Good of them! If #Sega stays away from evil NFT:s I will keep buying their games.

— E2_Daniel (@E2_Daniel) January 7, 2022

SEGA’s Vision of a Metaverse

Satomi also briefly touched on the metaverse, stating that as a concept it would possibly change in the next five years. He sees the metaverse as a place where a community can gather, but says that shouldn’t be the be-all and end-all of a game.

We want to make Super Game as 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 [player vs player], it could turn into an e-sport.

Haruki Satomi, president and CEO, SEGA

The creators of Sonic added that if they ever go into the blockchain space, they would “work with partners on new technologies and domains, including NFTs, rather than dealing with them in-house”.

Share this article

Join in the conversation on this article’s Twitter thread.

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Economist Alex Kruger Says Inflation Data Will Dictate Next Phase of Bitcoin (BTC) and Crypto Market Cycle

Next Post

New NFT Marketplace LooksRare Launches As OpenSea Competitor

Next Post
New NFT Marketplace LooksRare Launches As OpenSea Competitor

New NFT Marketplace LooksRare Launches As OpenSea Competitor

You might also like

XRP Prepares for July Bounce-Back as Price History Points to

XRP Prepares for July Bounce-Back as Price History Points to

June 27, 2026
World Network Agentkit Links Verified Humans To Autonomous AI Agents

World Network Agentkit Links Verified Humans To Autonomous AI Agents

June 25, 2026
Standard Chartered Aave Call Puts Institutional DeFi Back On The Table

Standard Chartered Aave Call Puts Institutional DeFi Back On The Table

June 24, 2026
Standard Chartered Sees AAVE Soaring 50x to $3,500 by 2030

Standard Chartered Sees AAVE Soaring 50x to $3,500 by 2030

June 25, 2026
Charles Schwab Explores S&P 500 Prediction Markets With Cboe

Charles Schwab And Cboe Plan S&P 500 Yes-Or-No Options As Prediction Markets Go Mainstream

June 22, 2026
SBI to Buy Bitbank in US$289M Deal to Create Japan’s Largest Crypto Exchange

SBI to Buy Bitbank in US$289M Deal to Create Japan’s Largest Crypto Exchange

June 26, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Drone hits raise Russia strain; Polymarket sees 11.5% chance Putin exits by 2026

Drone hits raise Russia strain; Polymarket sees 11.5% chance Putin exits by 2026

June 29, 2026
Year-end odds on Israel–Indonesia ties shift in Polymarket

Supreme Court rulings near as Polymarket cuts Newsom 2028 Dem odds to 20.55%

June 28, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.