Actual quotes from Shuji Utsumi: “The action in play-to-earn games is boring,” Utsumi told Bloomberg News. “What’s the point if games are no fun?” “We’re looking into whether this technology is really going to take off in this industry, after all,” he added.

https://www.bloomberg.com/news/articles/2023-07-06/sega-joins-blockchain-games-pullback-as-crypto-winter-persists

To add from the article: “Sega does plan to let external partners use its lesser-known Three Kingdoms and Virtua Fighter characters for non-fungible tokens, a sort of certificate that confirms ownership of a digital asset.”

“Sega will still offer its lesser franchises to several blockchain games to be announced later this year, and will continue to invest in related projects — to the tune of hundreds of millions of yen in each case, Utsumi said. The technology remains useful, for instance by making it possible to move characters and items between different games, he said. Longer-term, Sega remains open to getting more involved as the technology matures.”

I guess no one reads articles and just wants to bash new technology, makes sense. Next time use a non-editorialized title and use actual quotes.