Sega Wants To Sell NFTs, Can Fuck Right Off

Sega Wants To Sell NFTs, Can Fuck Right Off
Image: Sega

Sega Japan announced earlier today that it will be getting into the NFT business, partnering with (and buying a stake in) a company called Double Jump Tokyo, with plans to not only sell character-related tokens, but NFTs in future games as well.

The announcement is thin on details, but as Pocket Gamer report, Sega hopes this “will be the start of a sequential expansion into a variety of content, including IPs currently in development and new IPs to be released in the future”.

This sucks! We’ve extensively covered how much of a disaster NFTs — Non-Fungible Tokens — are, for the planet, for economies, for the internet and for any online space that comes into contact with them. There are literally no benefits to this whatsoever, only perils and scams, and yet Sega is dumb/greedy enough to see a wave created by techbros and crypto investors, ignore the warnings and explainers and try and catch a piece of it anyway.

Sega’s first NFT sales will be made available sometime this Summer. To pass the time until then, you could do worse than read up a little more on Crypto and NFTs, like “Cryptocurrency is an abject disaster” by Drew DeVault.

Cryptocurrency is one of the worst inventions of the 21st century. I am ashamed to share an industry with this exploitative grift. It has failed to be a useful currency, invented a new class of internet abuse, further enriched the rich, wasted staggering amounts of electricity, hastened climate change, ruined hundreds of otherwise promising projects, provided a climate for hundreds of scams to flourish, created shortages and price hikes for consumer hardware, and injected perverse incentives into technology everywhere. Fuck cryptocurrency.

Comments

  • Funny how much of a 180 theres been on crypto currency in the last month or so, since gamers were worshipping on the altar of it since the 2000s. Public opinion only seems to have turned in the last couple of months due to them turning random art and tweets into NFTs.

    • Crypto as a concept isn’t inherently bad. You’ve used your hardware to do work and now here is a currency that shows the work you’ve done. That’s fair enough and it’s just another currency to be exchanged like any other. It’s the tens of thousands of computers doing the same work in parallel that makes it the environmental issue it is. So much waste. So much redundant work done for no reason. And it burns out the equipment super quickly.

      NFTs don’t provide anything.

      • NFTs and blockchain provide you with a unique digital asset that you own and can do with as you please. You can keep it to use for yourself, you can sell it, you can trade it, and it’s got nothing to do with the game developer or publisher. It’s yours. I don’t think that’s inherently bad either. Once again, it’s how they are implemented that causes issues.

        • Except do you actually legally own say a digital work of art or do you merely own a token that represents said work of art?

          • I doubt they own the art due to the nature of copyright law preventing true ownership from transferring, especially in European countries.

      • The problem is that the rewards for that work is based on your share of the total amount of work being done globally, rather than the actual amount of work you do.

        Add to this that hashing is not the primary purpose of cryptocurrencies: processing transactions between wallets is. Proof of work is just the solution the Bitcoin designers came up with to achieve this without placing trust in a central authority. If there are alternatives that can satisfy that without the energy waste, then it’s reasonable to criticise PoW currencies.

    • The tide has been turning against it for a while but I think 2018-2020 was the tipping point where it stopped being entertaining. Instead of seeing some rando hit the jackpot with their old wallet or some cool new way of spending it were now watching people who invested a fortune gain or lose a percentage on their horded treasure.
      Where it was the cool new currency of the internet it’s become a magnet for the most insufferable douchebags on the planet.

      The NFT art boom renewed the ‘this is dumb, you don’t actually get anything’ argument from the beginning at a point where the resource requirements have scaled up to absurd proportions. Instead of just pointing out that it’s stupid and moving on like before people are now looking at it and seeing that it’s also insanely wasteful.
      The people who would have made the counter points in the past don’t care anymore and the people who do care about crypto have no interest in what the internet thinks.

    • The tide turned when it turned out that real banks, real corporations and real rich people were getting in on the act. Cryptocurrency has simply jumped the shark. It’s still worth a crapton though, it’s just not being driven by nerds anymore.

  • Sega’s into gambling just like Konami and the other Japanese companies. NFTs are an extension of their usual BS and should come as no surprise.

  • To put things into perspective, crypto currency isn’t legal tender in Australia and is used by criminals to purchase illicit substances and services.

    Multiple scams including the Amazon Prime renewal for $39.99, ATO and bank anti-fraud team using your computer to catch hackers, ADF members going on a posting and their selling car on gumtree, romance scams and so on, have all been linked to the same crypto wallet which has received over $700b USD at the time writing this.

    I cannot stress this enough, do not get involved in crypto currency. Like bearer bonds, whoever holds it, owns it. If someone “steals” your bitcoin then it is lost for good.

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