Značka: P2E

Sega will likely not introduce NFTs for play-to-earn if 'perceived as simple money-making'

The leadership at video game firm Sega Corporation’s holding company has suggested that they may avoid nonfungible tokens in play-to-earn model games based on the response from users.In a Dec. 14 meeting of Sega Sammy Holdings’ CEO Haruki Satomi, senior executive vice president Koichi Fukazawa, and Sega Corporation president Yukio Sugino, the trio said they needed to “carefully assess” how to potentially introduce nonfungible tokens, or NFTs, into Sega titles to “mitigate the negative elements” and work within Japanese regulations. The executives cited “negative reactions” from users overseas rewarded in NFTs for gameplay.“In terms of NFT, we would like to try out various experiments and we have already started many different studies and considerations but nothing is decided at this point regarding [play-to-earn],” said Sega. “We will consider this further if this leads to our mission “Constantly Creating, Forever Captivating,” but if it is perceived as simple money-making, I would like to make a decision not to proceed.”The executives added that any rollout of NFTs in play-to-earn model games would “be better to work with partners on new technologies and domains […] rather than dealing with them in-house.” It’s unclear how the video game company intends to move forward with gauging user interest.Related: Play-to-earn games are ushering in the next generation of platformsThe Sega Corporation is a Japan-based game developer and a subsidiary of the Sega Group Corporation, which merged with the Sammy Corporation in 2004. The company has been behind many popular games since the introduction of Sonic the Hedgehog in the 1990s — Sega’s latest title in the series, Sonic Frontiers, is scheduled to be released in 2022. In April 2021, the company announced it planned to expand into NFTs through a partnership with game developer double jump.tokyo. 当社は、double jump .tokyo株式会社との協業による、ブロックチェーンの技術を活用したNFTデジタルコンテンツについて、2021年夏頃を目途に販売を開始します。https://t.co/b8pMW6dg9G pic.twitter.com/3idW6RI71z— セガ公式アカウント (@SEGA_OFFICIAL) April 27, 2021Should Sega move forward with using NFTs in play-to-earn model games, it would be joining a variety of gaming companies incorporating the technology. In March 2021, France-based game publisher Ubisoft launched One Shot League, a fantasy soccer game developed in collaboration with the Ethereum-based game Sorare.

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Fractal: 110K join Discord of Twitch founder’s new NFT gaming marketplace

Twitch co-founder Justin Kan launched a new blockchain gaming-focused NFT marketplace yesterday dubbed Fractal.Fractal’s Discord group has since amassed more than 111,000 members, despite only being announced two weeks ago. At the time of writing, it appears that the most significant sale on the platform so far was for a Baby Scoot NFT that went for 4 Solana (SOL) worth roughly $680. The Solana-based marketplace enables users to buy, trade and hold NFTs used in blockchain games. In an announcement made yesterday, the firm unveiled its first partnered blockchain games, including The Sandbox, Nyan Heroes, Caveworld and Genopets, to name a few. first of all: we are live https://t.co/y2yO4R7Ty2— fractal ❄️ (@fractalwagmi) December 30, 2021As part of the announcement, Kan labeled the 111,000 strong Fractal community as one of the “fastest-growing” in crypto and added that:”Durable digital assets through NFTs are the future of gaming. We’ve partnered with some of the most innovative gaming companies on the Solana blockchain to bring that future forward.””Players are excited about blockchain games and we’re excited about all the new experiences that will be enabled by them,” he added.In a separate blog post, Fractal also revealed that it would be airdropping 100,000 Fractal NFTs to its members, teasing that they may hold governance rights over the marketplace and in-game provide in-game benefits in the future. “Fractals will come with benefits both on the Fractal marketplace and within our community. Mysterious and powerful, their full potential is yet to be discovered. Perhaps in the future, they may grant special powers and abilities in your favorite blockchain-based games, or unlock the doors to exciting new worlds ripe for exploring,” the post reads. Fractal also hinted that it would eventually expand support to other blockchains, with Ethereum likely to be the next in line considering that The Sandbox metaverse project is built on the network. As it stands, users are currently able to connect Solana-friendly wallets such as Phantom and buy and sell any of the NFTs from Solana-based gaming projects. Related: Nifty News: Decentraland Times Square NYE party, Mutant Apes go bananasSpeaking with Cointelegraph, Wendy Huang the co-founder of Australian-based Nyan Heroes cited the strong team behind Fractal as a key reason behind the company’s decision to partner with the platform.“Fractal’s game-centric NFT marketplace has the potential to become the premier hub and aggregator for gamers and gaming communities. The strength of their founding team gives Nyan Heroes further confidence that they could grow into a Steam-like platform,” she said.

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Korean government tells Apple and Google stores to take down P2E games

The South Korean government has moved to block the release of new play to earn (P2E) games and requested that existing ones be removed from Google Play and Apple’s App Store.P2E gaming has become popular in the cryptocurrency industry. Gamers typically must first purchase game pieces as non fungible tokens in order to play the game and receive in-game rewards. However gaming prizes over a few dollars are banned in South Korea.The Game Management Committee (GMC) in the Ministry of Culture, Sports, and Tourism yesterday requested major mobile app marketplaces block any games that require in-app purchases before playing the game.To combat the proliferation of what it sees as speculative money-making schemes, the GMC has made it all but impossible for P2E game developers to get their work listed on the most popular mobile app stores.While the government’s attem mitigate the growth of P2E games by going straight to the app marketplaces is a new development, game developers in South Korea have faced court battles since April to keep their P2E games up for sale in domestic app stores. The main problem was that some game apps could not obtain an age rating required for listing on app stores.An official from the GMC stated that the commission is only following Supreme Court precedent in blocking P2E games from getting age ratings and being listed. The official said in a Dec. 28 statement:“It is reasonable to keep P2E games from getting age ratings under the current law because cash rewards in games can be considered prizes.”Prizes earned from gaming in South Korea cannot exceed 10,000 KRW ($8.42) at a time.Related: cNFT protocol brings utility to NFTs, changing the play-to-earn industry as a wholeThe Fivestars for Klaytn P2E game and nonfungible token (NFT) marketplace was initially blocked in domestic app stores for a lack of a rating, but the team behind the game won an injunction in June and the game was listed. A final decision on the legal standing of the game is expected to set a legal precedent for other P2E games, such as Infinite Breakthrough Three Kingdoms Reverse.The GMC’s stance has negative implications on all P2E gaming apps, including the suite of apps associated with the two most popular games to-date according to DappRadar: Axie Infinity and Splinterlands.

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