Players say no to NFTs, leading Sega to think twice

Acclaimed video game creator Sega cannot introduce NFT for concerns that it is a money-making scheme.

Although some see gaming NFTs as an ideal use case for blockchain and cryptocurrencies, gamers are beginning to question the momentum behind their proliferation.

Skepticism about NFTs is nothing new, as evidenced by the reaction to the price of NFT artworks on demand. While gaming NFTs at least offer in-game utility, the same cynicism is still present for some.

Why do players say no to NFTs?

In a recent video, YouTuber yongyea told his 1.17 million subscribers that the gaming industry is working hard to “normalize NFTs.” But this, he says, is being done without justifying how and why it will benefit players.

“Numerous game companies have already expressed their desire to standardize NFTs and have to provide any kind of good reason, explanation, example, on how this would revolutionize games …”

He criticizes the push toward Play-2-Earn, in which games become less about fun and escapism, and more about “an investment opportunity” that publishers can exploit for revenue.

Sega hears the recoil. At a recent management meeting, the CEO of Sega haruki satomi He said his firm is interested in experimenting with NFT. But, at the same time, Satomi recognized the negative feeling surrounding them.

He expressed caution on how Sega should proceed with the matter, citing the need to appease regulators and determine acceptable limits for users.

“We need to carefully evaluate a lot of things, like how we can mitigate the negative elements, how much we can bring this into Japanese regulation, what will be accepted and what will not be accepted by users.”

Satomi said that if it is decided that NFTs do not offer tangible benefits to gamers, he will not implement them in Sega offerings.

How could the editors proceed?

When it comes to hitting the mainstream, NFTs stand out above anything else related to cryptocurrencies.

In part, this is because NFTs can be a song, movie, or game item. In fact, non-fungibles can tokenize and represent anything in the real world. This gives them a much broader sphere of influence than, say, DeFi, which “non-coiners” would tend to view as exclusively crypto.

Although Linkin Park’s lead singer Mike Shinoda is not known as an authority on the matter, the NME still published an article about his opinion on NFT games.

Shinoda said the term has become synonymous with taking advantage of players. Addressing editors, he emphasized the importance of giving, not taking.

“Players don’t trust developers. They see ‘NFT’ and think ‘this is another way to get us a dollar’. The games that win will be those that GIVE to the community, not those that TAKE ”.

Echoing YongYea’s position even more, Shinoda added that fun should be the top priority.

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