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Sega’s Co-COO Sees Potential in Blockchain Gaming and NFTs – Crypto Adoption Rising?

Shuji Utsumi, the co-COO of the renowned Japanese video game conglomerate Sega, has voiced his enthusiasm about the future prospects of blockchain gaming and the potential of non-fungible tokens (NFTs) in reshaping the gaming world.

This optimistic sentiment from Utsumi aligns with Sega’s move to license the intellectual property (IP) of its Sangokushi Taisen card game to blockchain enterprise Double Jump.Tokyo. This collaboration will spawn a fresh trading card game, Battle of Three Kingdoms, enriched with NFT cards that draw inspiration from the classic 2005 game.

During a discussion with Dengeki Online, Utsumi shed light on the transformative facet of blockchain gaming and its potential to cater to emergent player preferences. He accentuated the revolutionary idea of gamers possessing assets and potentially profiting from blockchain games, heralding novel experiences that were once absent in traditional gaming.

“In blockchain gaming, the aspiration to own assets and, occasionally, to profit from them represents a new wave of player desires previously uncharted.”

Although Utsumi recognizes that blockchain gaming remains a fairly nascent domain for Sega, he views their partnership with Double Jump.Tokyo as a golden opportunity. Not only does this collaboration breathe new life into the Sangokushi Taisen IP, but it also provides Sega a platform to delve deeper into the world of blockchain gaming.

By offering game assets to this venture, Sega positions itself to garner a deeper understanding of the intricacies and dynamics that characterize blockchain game development.

Crypto Games Face Challenges When Implementing Wallets

Utsumi acknowledged the obstacles that come with the integration of crypto gaming, particularly the hurdles around setting up crypto wallets.

“Initiating a wallet setup can be challenging for users. Our primary focus should be drawing them into the game experience first,” Utsumi stated.

Yet, his intrigue lies deeply in how NFTs can offer a genuine sense of card ownership, indicating that the distinct challenges of crypto gaming might be surmountable and well worth the effort.

Sega’s venture into the realm of blockchain gaming is consistent with its overarching strategy of adopting emergent technologies and experimenting with avant-garde business paradigms.

In harnessing the power of blockchain and collaborating with Double Jump.Tokyo, Sega’s vision is to tap into the Asian gaming market, hoping to pave a path of mutual success for both enterprises.

Utsumi expressed his anticipation, saying, “I’m eager to see how NFTs can truly encapsulate the sensation of having ownership of a card.”

In related news, Animoca Brands, a significant figure in the crypto gaming and metaverse investment arena, has unveiled its intentions to debut a metaverse ecosystem token on the Bitcoin (BTC) network.

In September, it was revealed that this token would be sculpted using the Ordinals protocol, with Darewise Entertainment, an offshoot of Animoca Brands, leading the charge.

Darewise Entertainment, also recognized as Life Beyond Studios, is on a mission to create a metaverse ecosystem revolving around Bitcoin Ordinals.

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I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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