Sonic the Hedgehog Creator Sega Is Launching its Own NFTs

The video games giant behind Sonic the Hedgehog is following Ubisoft into the NFT industry.

2 min read

Apr 28, 2021

Sega, the video game giant behind Sonic the Hedgehog, is making a move into the NFT industry.

According to a Twitter post by Sega, the Tokyo-based developer is partnering with blockchain startup double jump.tokyo to create NFTs based around Sega's IP.

Per Ledger Insights, double jump.tokyo has received an investment from Sega's holding company for the development of the NFTs.

Sonic boom

Sega is a Tokyo-based game developer best known for creating the game Sonic the Hedgehog. First launched on the Sega Mega Drive in 1991, the spiky blue icon is widely regarded as being second only to Nintendo's Mario in the pantheon of video game characters; in 2020, a Sonic the Hedgehog film was released by Paramount Pictures, with a sequel in development.

Non-fungible tokens (NFTs) are unique crypto assets that can represent artwork, audio, video, or any other form of digital or physical content. They’re typically built on the Ethereum blockchain, where they can be transferred or sold to other people.

Double Jump.Tokyo is an NFT and blockchain game creator that’s behind digital trading card games including My Crypto Heroes and My Crypto Saga.

The NFT startup recently announced a move away from the Ethereum blockchain. It will start building projects on the Flow blockchain, which was created by Dapper Labs—founder of both digital cat collecting game CryptoKitties and baseball trading card game NBA Top Shot. The move was prompted by scaling issues on Ethereum; the company intends to migrate some of its existing games over to Flow to enable them to grow.

Sega joins a wide range of other game companies and digital artists who have created their own NFTs to ride the current wave of hype. For example, video game publisher Ubisoft has created a fantasy soccer experience called One Shot League in partnership with football trading card game Sorare. But the NFT hype train might be losing its momentum—NBA Top Shot volumes declined 50% in the last month.

Get crypto news straight to your inbox--

sign up for the Decrypt Daily below. (It’s free).

Get Email!

Bitcoin and Ethereum Price Charts Have Disappeared From Google Search Results

Google Search has stopped displaying price charts for Bitcoin and other cryptocurrencies in its search results. Users can still access these charts through Google Finance. Over the weekend, Twitter users noted that searching for Bitcoin's price no longer yields a chart in the search results. In contrast, stock price searches still produce charts. Google did not immediately respond to a request for comment from Decrypt. Google's decision has prompted discussions about the reasons behind this chan...

Pepe Holder Loses $1.4 Million in Uniswap Permit2 Phishing Attack

Uniswap Permit2 signing, which started as a tool to simplify token approvals, has now become a common attack vector in the DeFi ecosystem. A PEPE token holder became the latest victim of a phishing scam, losing $1.39 million worth of crypto after unknowingly signing a malicious Uniswap Permit2 transaction. According to cybersecurity firm ScamSniffer, the stolen assets, including Pepe (PEPE), Microstrategy (MSTR), and Apu (APU) tokens, were transferred to a new wallet just an hour after the vict...

Bitcoin Jumps, Asian Stocks Mixed as Traders Assess China’s Economic Stimulus

Bitcoin jumped to a seven-day high late Sunday evening as Asian stocks showed mixed results following China's economic stimulus measures, announced during the weekend. The crypto is trading 2.5% higher on the day to $64,300—its highest point since October 7. It follows recent stimulus promises made by the world’s second-largest economy on Saturday. China has vowed to "significantly increase" its debt to support its weakening economy but provided no details on the size of the stimulus package, le...

News

Courses

Deep Dives

Coins

Videos