• 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

A Zero-Day Hack Triggered a 13-Block Reorg on Litecoin: Are User Funds Actually Safe?

A Zero-Day Hack Triggered a 13-Block Reorg on Litecoin: Are User Funds Actually Safe?

April 27, 2026
Bitcoin Stalls At $77K As Major On-Chain Resistance Kicks In

Bitcoin Stalls At $77K As Major On-Chain Resistance Kicks In

April 26, 2026
VeChain Foundation Releases Q1 2024 Treasury Report

Michael Saylor Signals More BTC Buys as Holdings Hit 815,061 BTC

April 26, 2026
How High Will The Price Be If Ripple Captures 50% Of SWIFT?

How High Will The Price Be If Ripple Captures 50% Of SWIFT?

April 23, 2026
Bitcoin Holdings in Public Company Treasuries Exceed 200,000 BTC

Morgan Stanley Launches Stablecoin Reserves Fund Amid Rising Demand

April 24, 2026
XRP $10 By 2027? Top Expert Flags Two Must-Happen Catalysts For A Bull Run

XRP $10 By 2027? Top Expert Flags Two Must-Happen Catalysts For A Bull Run

April 27, 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!

Chainlink Exchange Outflows Hit 970,430 LINK, Largest Of 2026

Chainlink Exchange Outflows Hit 970,430 LINK, Largest Of 2026

April 29, 2026
XRP OI Z-Score Just Dropped To Levels Seen Before Its 600% Rally In 2024

XRP OI Z-Score Just Dropped To Levels Seen Before Its 600% Rally In 2024

April 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.