Sega back-pedals on NFTs but GameStop announces dedicated marketplace

While the likes of Square Enix and even GameStop embrace the NFT market, Sega is surprisingly more cautious about the whole thing.

It honestly wouldn’t be surprising to see Sega go all in on the NFT trend/scam, but the company is a bit more hesitant to the idea compared to other companies.

During a December management meeting, Sega was asked about its views on the concept of pay-to-earn, and while it didn’t rule it out entirely, the publisher is clearly wary about the negative connotations that come with it.

‘In terms of NFT, 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,’ it said.

‘There have been many announcements about this already, including overseas, but there are users who show negative reactions at this point. We need to carefully assess many things, such as how we can mitigate the negative elements, how much we can introduce this within the Japanese regulation, what will be accepted, and what will not be by the users.’

Sega even suggests that if it decides that P2E is nothing more than ‘simple money-making,’ then it will abandon the idea entirely. It’s worth noting that Sega has already flirted with NFTs, with a social media post from last April saying that it would be selling them in the summer.

Square Enix also saw an 8% jump in stock prices when it announced its NFT plans, underlining that these decisions are being made to please shareholders and not necessarily customers.

Email [email protected], leave a comment below, and follow us on Twitter.

Follow Metro Gaming on Twitter and email us at [email protected]

For more stories like this, check our Gaming page.

Source: Read Full Article