Saturday, August 23, 2025
  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Gaming

Sega Pauses NFT Plans Following Gamer Backlash

A move that's the opposite of Square Enix and Konami.

by Ian Chee
January 9, 2022
Sega TGS 2016
102
SHARES
Share on FacebookShare on Twitter

A number of video game publishers have taken to plunging their IPs into the NFT pool. It’s safe to say that, the general reaction is a negative one. Sega has seen this, and will be putting its own NFT efforts on hold for awhile.

TweakTown reports that in a recent management meeting, Sega CEO Haruki Satomi said that the company has no concrete plans for P2E (play-to-earn) for now. And if its implementation is “perceived as simple money-making” by gamers, then the company will not proceed with said plans. Which is very refreshing to hear, especially from the head of a video games publisher these days.

Sega 650 Employees Voluntarily Retire Sells Off Arcade Business
Source: Fallschirmjäger / Wikimedia Commons.

Translated minutes for the meeting cited in the report is dated 14 December 2021. Which means that Sega has come to this conclusion not too long after the immense backlash against Ubisoft Quartz. This also means that the company has put a hold on its NFT plans way before Square Enix and Konami ploughed ahead with their respective announcements.

In a sense, this makes the fact that Square Enix and Konami decided to go ahead with its NFT plans even more confusing. But while this decision by Sega is commendable, it’s important to also remember that it was among the earliest to decide if it wants to dabble in NFTs, with the announcement to do so made as early as April last year.

(Source: Sega [PDF] via Tweaktown)

Filed Under BlockchainCryptocryptocurrencyNFTSega
Updated 11:16 am, Mon, 10 January 22
http://lowy.at/YbhzT
Share41Tweet26SendShare

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

No Result
View All Result

TRENDING THIS WEEK

  1. 1
    News

    MOF: MyKad, E-Wallets, Fuel Apps Considered For RON95 Subsidy Delivery

  2. 2
    Mobile Phones

    POCO M7 Lands In Malaysia; Starts From RM469

  3. 3
    Storage

    Seagate, KPDN Take Down Counterfeiting Hard Drive Workshop Outside Kuala Lumpur

  4. 4
    Banking

    HSBC Launches New Premier Card Travel Benefits To Entice New Customers

  5. 5
    Automotive

    Touch ‘n Go Unveils New Limited-Edition Hot Wheels NFC Card

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Miss Murai
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2025 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.