Web3 Diaries-Sega Redoing GameFi Plans
Supporter of GameFi and blockchain-based games, Sega has decided to quit 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. What’s the point if games are no fun?”
The Japanese firm earlier said that it would withhold some of its best-known games and IP from blockchain.
Binance CEO ‘CZ’ Brushes Off News of Top Executive Departures
Departures of key executive personnel from Binance are part of the company’s usual turnover of staff, Binance CEO Changpeng “CZ” Zhao tweeted Friday morning.
“More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong,” CZ tweeted. “As markets and the global environment for crypto changes, as our organization evolves, and as personal situations change, there is turnover at every company.”
It may be recalled that the world’s largest crypto exchange is facing heat from regulators across the world with the U.S. Securities and Exchange Commission (SEC) filing a lawsuit against the firm and CZ for breaking several securities laws.
Multichain Bridges Experience Outflows Of Over $130 mn In Crypto
Multichain operated multiple bridge contracts faced major outflows of various popular tokens without any immediate explanation for the reason behind such huge outflows.
Multichain’s Fantom bridge got stripped of nearly its entire holdings in wBTC, USDC, USDT and bunch of other altcoins valuing over $130 million.
According to on-chain sleuths the activity is highly unusual. Michael Kong, CEO of Fantom Foundation, said he was looking into the matter.
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