Sega becomes first major business to realize blockchain isn’t all it’s cracc
If you’ve been paying attention to the crypto space at all, you’ll know that the only real use case for a blockchain (besides the aforementioned distributed ledger) is to create a way of verifying transactions. Merkle trees have been around since 1979, and they’re used in everything from Fable to Git (version-control system used by almost every developer in the world).
Video game publisher SEGA used to be one of the biggest advocates for non-fungible tokens (NFTs) in gaming. The idea behind this is that players can earn some form of digital monopoly money by playing a game, and they can then spend that money in other games. This was a big draw a couple of years ago, but the industry has faded as it was discovered that NFT games aren’t very fun. This was highlighted in a recent interview by SEGA’s co-Chief Operating Officer.