SEGA Puts Plan for NFTs in P2E Games on Hold

Sega NFT

Despite speculation, SEGA has no immediate plans to move ahead with in-game NFTs.

The company had planned to roll out NFTs through their Play-to-Earn (P2E) games last year, but shelved the idea after SEGA fans bombarded them with negative reactions.

In a highly anticipated management meeting, SEGA addressed concerns surrounding NFTs in their games, and is keen not to make it just another money grab, but rather a valuable addition to their games.

“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,” Sega CEO Haruki Satomi said.

There is also the question of regulations, coming at a time when P2E games are facing increasing scrutiny. South Korea has for instance banned all P2E games from Apple and Google Play store.

Explaining their conservative approach, CEO Satomi said, “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.”

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