Sega, the Japanese gaming giant behind Sonic the Hedgehog and Yakuza, is losing faith in blockchain games and GameFi, the emerging genre of play-to-earn games powered by crypto tokens. According to Bloomberg, Sega’s co-Chief Operating Officer Shuji Utsumi said that the company is canceling its plans to develop its own blockchain games and will withhold its biggest franchises from third-party blockchain gaming projects.

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