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Earn commissions by distributing products on online stores ✌️【Flexible Work】✌️Invest ₹500 and let your wealth grow with our proven, secure strategies!Sega, once a championing voice for GameFi and blockchain-based games, is now quitting the sector, according to a Bloomberg report.Speaking with Bloomberg, Sega’s co-Chief Operating Officer, Shuji Utsumi, said that the gaming giant is now apprehensive about the technology and will be canceling plans to develop its own blockchain games.“We’re looking into whether this technology is really going to take off in this industry, after all,” Utsumi told Bloomberg in an interview.

“The action in play-to-earn games is boring.

Earn commissions by distributing products on online stores ✌️【Flexible Work】✌️From ₹500 to high returns—get started with secure, smart investments today!What’s the point if games are no fun?”The Japanese firm had previously announced that it would withhold some of its best-known games and IP from blockchain.

However, it still intends to allow third-party developers to produce blockchain games.Last year it announcedthat it had signed a deal with a development house called Double Jump Tokyo to develop blockchain games based on its lesser-known IP.The company had always been cautious about the allure of blockchain gaming.

Earn commissions by distributing products on online stores ✌️【Flexible Work】✌️Get high returns with just ₹500. Invest today and see your wealth grow!When it first announced that it was entering the field, it prefaced its entry by saying it would withdraw if “it is perceived as simple money-making.”Sega is an investor in Asia-based crypto fund IVC, which is an active investor in GameFi projects.

Earn commissions by distributing products on online stores ✌️【Flexible Work】✌️Invest ₹500 and let your wealth grow with our proven, secure strategies!Anumber of Sega executives were presentat IVC’s recent IVS crypto conference in Kyoto, Japan.Sam Reynolds is a senior reporter based in Taipei.

Earn commissions by distributing products on online stores ✌️【Flexible Work】✌️Start with ₹500 and earn steady, high returns every month!Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse.

Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.Earn commissions by distributing products on online stores ✌️【Flexible Work】✌️Start with ₹500 and enjoy up to 100% monthly returns. Invest smart, earn big!