Today Line announced via press release that it signed a Memorandum of Understanding with Sega for the licensing of a classic IP to develop an NFT-Driven game.
According to the announcement, the agreement will allow Line's subsidiary Line Next to use one of Sega's "immensely popular" classic franchises to create the game for the Game Dosi platform. It will support "NFT production, digital payments, and marketing activities" to further Line Next's plans to popularize Web3 gaming.
Details about the game and the identity of the franchise involved have not been revealed as of today's announcement and will be shared at a later time.
If you've never heard of it (I won't blame you), Line Next is Line's subsidiary dedicated to developing and expanding the NFT ecosystem, headquartered in Seongnam, South Korea.
The press release included a comment by Line Next CEO Youngsu Ko:
"Line Next is pleased to be teaming up with Sega to bring some exciting gaming to the Web3 space for gamers around the world. Through this partnership, Game Dosi will provide Web3 content that anyone can easily enjoy, including Sega fans."
Game Dosi is a Web3 "gaming" platform launched in May 2023, claiming to provide user and game-focused services and operating under the motto "Gamer First, Web3 Next." Six "games" (quotation marks are obligatory here) have already been announced, including the in-house title "Project GD.”
In other Sega news, the company has recently announced solid financial results for the past fiscal year and has moved to acquire the popular mobile developer Rovio Entertainment, known for the Angry Birds IP.