Sega Signs Licensing Deal with Line Next for Web3 Game

Sega Signs Licensing Deal with Line Next for Web3 Game

Sega’s Surprising U-Turn on Blockchain Gaming

Sega, the company known for the Sonic the Hedgehog and Crazy Taxi franchises, has signed a licensing deal with Line Next for the production of a new web3 game. This comes as a surprising move considering Sega’s recent distancing from blockchain-based gaming. Last week, Sega executive Shuji Utsumi publicly called play-to-earn titles “boring”, challenging the validity of the new gaming model.

Details of the Deal Remain Unclear

The details about the specific IP that Sega is licensing remain unclear, with only a tweet from Line Next to satisfy gamers’ curiosity. The tweet simply stated that the two companies were “excited to partner” and that the game would be “an exciting new experience for gamers around the world.”

Line Next’s Enthusiasm for Web3 Gaming

Beyond the partnership announcement, Line Next expressed enthusiasm about bringing new Web3 gaming experiences to gamers around the world. “Line Next is pleased to be teaming up with Sega to bring some exciting gaming to the Web3 space,” said Youngsu Ko, CEO of Line Next. “We believe that this partnership will allow us to create new and innovative gaming experiences that will appeal to both Sega fans and newcomers alike.”

Line Next’s Web3 Gaming Platform

Line Next is a South Korean firm that operates under Line, a messaging service akin to WhatsApp. The firm launched its web3 gaming platform Game Dosi in May, with a focus on user- and game-centered services. Game Dosi allows users to play games, earn tokens, and trade NFTs.

Sega’s Recent Reservations About Blockchain Gaming

The partnership announcement with Line Next comes as a surprise considering Sega’s recent reservations about blockchain gaming. In a stark critique, Utsumi questioned the value of play-to-earn titles. “What’s the point if games are no fun?” he asked, expressing doubts about the future of blockchain technology in gaming.

sega games

Sega also stated it would be more cautious about which franchises it allows to be associated with blockchain gaming, primarily due to concerns about the potential devaluation of its intellectual property. Taking that into account, it’s highly likely we should see one of Sega’s least popular franchises being leveraged through this new partnership with Line Next.

What Does This Mean for the Future of Web3 Gaming?

The partnership between Sega and Line Next is a significant development for the future of web3 gaming. It shows that even major gaming companies are starting to take web3 seriously, and it could pave the way for more partnerships between traditional gaming companies and web3 startups.

However, it’s important to note that Sega’s reservations about blockchain gaming are still valid. There are a lot of challenges that need to be addressed before web3 gaming can become truly mainstream. These challenges include the high cost of entry, the lack of user-friendly interfaces, and the environmental impact of blockchain technology.

Despite these challenges, there is still a lot of potential for web3 gaming. The technology has the potential to revolutionize the gaming industry by giving players more control over their games and their in-game assets. It’s also possible that web3 gaming could help to solve some of the problems that are currently plaguing the gaming industry, such as loot boxes and pay-to-win mechanics.

Only time will tell whether web3 gaming will become mainstream. However, the partnership between Sega and Line Next is a significant step in the right direction.

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*All investment/financial opinions expressed by NFT News are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

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