Sega's Co-COO Sees Potential in Blockchain Gaming and NFTs

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I hope you are all well and having excellent day, welcome to CryptoGod-1’s blog on all things crypto. In a recent interview the co-COO of Sega noted his optimism about the potential of blockchain gaming.

Sega Optimism

The co-COO of Japanese multinational video game and entertainment company Sega, Shujo Utsumi, recently noted his optimism around the potential of blockchain gaming and the possible future rile non-fungible tokens can play in video games. The interview with Dengeki Online revealed how the evolving nature of the blockchain gaming industry and its ability to introduce new players is desirable.

Utsumi's positive outlook arises from the fact Sega has recently licenced its Sangokushi Taisen card game's intellectual property (IP) to blockchain firm Double Jump.Tokyo for the development of a new trading card game which will be known as Battle of Three Kingdoms. This game will feature NFT cards based on the original game.

Utsumi went on to add that the idea of players owning assets which they can earn money from through the blockchain games would create a unique experience which has previously been unheard of in the industry. 

"Within blockchain games, owning assets and, in some cases, earning money, could become player wants that haven’t existed before."

He added a caveat that blockchain gaming is still relatively uncharted territory for Sega, but the collaboration with Double Jump.Tokyo will provide an opportunity to revive the Sangokushi Taisen IP while exploring the potential of blockchain games. As part of the collaboration Sega will contribute game assets to the project, meaning they will be able to provide insights into the development and mechanics of the blockchain game. He was also quick to point out the challenges faced by crypto games, especially how to implement wallets.

"It is difficult for users to create wallets, so we must get people to play the game first."

Although he acknowledged difficulties, he also expressed a keen interest in how NFTs can authentically capture the experience of owning a card. He suggested this could make the unique challenges of blockchain gaming worth overcoming. 

The venture into blockchain gaming will align with the broader strategy of blockchain gaming and embracing the new technologies while exploring innovative business models. Through leveraging blockchain technology and partnering with Double Jump.Tokyo Sega will be able to cater for the Asian gaming market, creating a win-win situation for both companies. Utsumi added:

"I’m looking forward to seeing how NFTs can authentically capture the feeling of owning a card."

Animoca Brands, a prominent player in the crypto gaming and metaverse investment space, recently announced plans to launch a new metaverse ecosystem token on the Bitcoin network. Back in September the company noted that the token would be created through the Ordinals protocol by Darewise Entertainment, which is their subsidiary. Darewise Entertainment, who are also known as Life Beyond Studios, aim to establish a metaverse ecosystem focused around the Bitcoin Ordinals.

Have a great day.

CryptoGod-1.

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