The Japanese gaming company SEGA has been making moves in the industry with its recent ventures into blockchain technology. If a company as big as SEGA is interested in blockchain technology and gaming, it shows you how massive blockchain applications are becoming?
Although the company and its top executives have had varying opinions on how to apply it to gaming specifically, SEGA has made several moves into blockchain that show it is changing its strategy over time.
Working with Line Corporation
The biggest move into blockchain by SEGA has been the collaboration with Line Corporation, a renowned mobile messaging app.
The two companies recently announced they would work towards creating a new game incorporating technology from this decentralized ledger space. While the COO of SEGA hesitated to give his thoughts about applying blockchain in the gambling business, such collaboration indicates an exploration of strategic thinking and possible uses of blockchain.
The game will be developed using the Line Next Game Dosi platform, which incorporates NFTs across all games. Even though the specific IP to be used under SEGA has not yet been disclosed in the press release, it states that players can expect NFT production, digital payments, and marketing activities involved in this game.
That is yet another example of when SEGA signals its cautiousness about utilizing blockchains by striving for their benefits while considering the challenges associated with them.
Revamping Sangokushi Taisen with Blockchain
Collaborating with Double Jump Tokyo, SEGA is releasing a blockchain-based version of the popular game Sangokushi Taisen. A digital collectible card arcade game based on the Three Kingdoms period in Chinese history was initially released in 2005. Sangokushi Taisen on blockchain will operate on Oasys, an eco-friendly high-speed public chain built for gamers.
This newer version will tokenize some assets, like collectible cards awarded through the Double Jump Tokyo agreement regarding intellectual property licenses between themselves and SEGA. Players can purchase non-fungible tokens, using them in battles during gameplay, creating a potential marketplace for such digital assets.
The adoption of blockchain by SEGA to improve the gaming experience and create new business models for players is evident in this move. The next move could be a venture into other card games, like crypto poker, which is also making massive movements in decentralized gaming. The security and anonymity afforded to poker players who choose to embrace crypto rather than fiat currency have given it a real boost in popularity, even in these early days. With so many people searching for no KYC casino options that prioritize anonymity over invasive data collection practices, it’s clear that these gaming trends are set to stay.
Embracing Web3 with Finschia
SEGA Singapore has made another strategic move by partnering with Finschia on a blockchain project to secure the Finschia network and explore new Web3 game developments. That, however, does not mean that the company is enthusiastic about the potentially transformative effects of blockchain technology on its operations.
This partnership indicates that SEGA could bring some of its classic franchises into the Web3 universe by incorporating blockchain technology, through which they can create new types of games.
By running nodes and participating in protocol governance, SEGA ensures security on the Finschia network while committing itself to playing an active role in this space. That means SEGA Is increasing its involvement with this community and reflects its beginning to embrace blockchain as an agent that could potentially revolutionize gaming.
Could They Move to Crypto Casino Gaming?
Although most of what SEGA makes are traditional video games, there has been a rise in crypto casino gaming, which represents yet another exciting area for applying blockchains. Many anonymous casinos are built on blockchains or decentralized ledgers, providing open and fair gambling experiences online.
These platforms do away with intermediaries because they employ cryptocurrency for transactions, allowing users to save on transaction costs. SEGA could make a decent chunk of profit from venturing into crypto casinos, and they might as well if they are already dabbling in blockchain applications.
What do you think about the SEGA idea of moving into blockchain? It is exciting, that is for sure. There is still a long way to go before Sega fully implements the move, but the excitement is building.
