SEGA’s ‘Code of Joker’ launching as NFT card game on Sui

“Code of Joker: Evolutions” will release for iOS, Android and web browsers this summer

article-image

Savvapanf Photo/Shutterstock modified by Blockworks

share


This is a segment from The Drop newsletter. To read full editions, subscribe.


SEGA’s Code of Joker game series is coming to the gaming-focused L1 blockchain Sui via a new game.

SEGA licensed the IP to the third-party firm Jokers, Inc., which is developing the upcoming title.

The new game based on the Japanese anime-style arcade IP is called Code of Joker: Evolutions. Players will be able to open card packs and collect cards onchain as Sui NFTs. 

“We knew that we wanted to match the physical feeling of opening a new card pack,” Takashi “Gin” Mizouka, cofounder of Jokers Inc., said in a statement. 

Screenshot from Code of Joker, showing Sonic the Hedgehog as a character. Source: Sonic Team Argentina on YouTube.

While Sonic the Hedgehog, one of SEGA’s most famous characters, appears in footage of Code of Joker gameplay, I think it’s very unlikely the quick blue mammal will pop up in Code of Joker: Evolutions.

Mysten Labs didn’t respond to my question about whether Sonic will be in the new game, but I do remember that roughly two years ago when I was covering blockchain gaming, SEGA co-COO Shuji Utsumi said SEGA won’t license its biggest IPs for third-party blockchain games and won’t develop its own in-house crypto games, either. 

Screenshot from Code of Joker Pocket, a mobile version that’s no longer being updated 

That said, SEGA is obviously still open to licensing some of its other game brands. 

Two years ago, it licensed the Sangokushi Taisen brand for a third-party blockchain military card battle game on Oasys, developed by Double Jump Tokyo.

By the way, that game is finally launching on March 25. You can preorder Battle of Three Kingdoms on iOS and Android — and yes, this one is available in English on the US App Store. It’s a bit funny the app store descriptions omit any mention of the game’s crypto elements, though. This game has NFT cards, and its website also mentions staking the game’s SGC token.

To be honest, it was hard to find any details about Code of Joker online in English. It’s a game from 2013, and I wasn’t able to find any recent YouTube videos about it. The most recent one I found was from six years ago. The Code of Joker Pocket mobile game ended service back in 2018, according to a message on its website and a post on its X account.

Ultimately, the character art looks detailed and appealing for those into anime style, but the IP doesn’t seem to have crossed over to US audiences yet. Regardless, I think existing fans of the game could get a kick out of this installment of the series.

I asked the team whether the game will be released in English (as opposed to only in Japanese), and they weren’t ready to share that yet: 

“More details forthcoming,” a PR rep replied. If the game doesn’t release in English, I imagine it’d be tough for it to reach a broader audience. 

But maybe that’s not the point — Asia has been proven to be an important market for Web3. In 2023, 50% of global mobile gaming revenue came from the Asia-Pacific region with over 1.5 billion mobile gamers there, according to data from Grandview Research.

Tiger Research has also pointed out that recent regulatory moves in Vietnam, Thailand and Indonesia are positioning those countries for continued blockchain participation. We’ve seen Sony’s Soneium throw its hat into the ring, who recently announced that four mini-app games will be using Soneium as part of a deal with the messaging app Line.

We don’t know much more about Code of Joker: Evolutions yet, but it’s expected to launch at the end of this summer for iOS, Android and as a web version.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (8).png

Research

Kinetiq has established itself as Hyperliquid's dominant liquid staking protocol, holding 82.5% of LST market share with $610M in TVL. The protocol is now expanding beyond its kHYPE staking core into higher take-rate verticals: iHYPE for institutional custody rails, Launch for HIP-3 capital formation, and Markets for builder-deployed perpetuals. We view Markets, launching Jan. 12, as the highest-potential product line given its mechanically scalable, activity-linked unit economics. Near-term revenue remains anchored by kHYPE's KIP-2 fee schedule (~$1.6M annualized), while Markets provides embedded optionality if HIP-3 economics normalize post-Growth Mode. KNTQ's setup is relatively clean: zero insider unlocks until November 2026, 6.2% buyback yield from staking revenue, and cleared airdrop overhang. Risks center on unproven Markets execution, declining kHYPE TVL despite ongoing incentives, and competition from Hyperliquid's native initiatives.

article-image

BTC finished the week up 1.6%, while L2s, RWAs and the treasury trade continued to grind lower

article-image

DTCC moves DTC-custodied Treasuries onchain via Canton, while Lighter’s LIT launches trading at a fees multiple in Hyperliquid territory

article-image

In the 90s, rapt audiences worldwide watched a coffee pot — will that fascination ever turn to crypto?

article-image

Some systems improve by failing — and crypto has no choice

article-image

Yield Basis introduces an IL-free AMM design that already dominates BTC DEX liquidity

article-image

Maybe tokenholders don’t need the rights that corporate shareholders have come to expect

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Blockworks Research

Unlock crypto's most powerful research platform.

Our research packs a punch and gives you actionable takeaways for each topic.

SubscribeGet in touch

Blockworks Inc.

133 W 19th St., New York, NY 10011

Blockworks Network

NewsPodcastsNewslettersEventsRoundtablesAnalytics