Nintendo has apparently expressed interest in non-fungible tokens (NFTs) and ‘The Metaverse,’ but has yet to clarify what it may achieve in these areas that would be appealing to users. The officials were asked about their views on the metaverse and NFTs during a Q&A session following the release of the company’s latest financial results.
Nintendo’s response, according to analyst David Gibson, was that they were interested in the area and saw its potential but on the other hand, was unsure “what delight [it] could bring in this area” and was having trouble defining it.
“We do have interest in this area, and we see the potential in this area,” the business reportedly stated. “However, we question what joy we can bring in this area, and this is tough to articulate right now.”
“Many companies throughout the world are paying attention to the Metaverse, and we believe it has a lot of potential.” Furthermore, when the metaverse is referenced in the media, software like Animal Crossing is frequently used as an example, and we are interested in it in this regard.
“On the other hand, defining what type of surprise and delight the metaverse may bring clients is difficult. As a corporation that provides entertainment, we must consider how to create new surprises and excitement.”
Nintendo, it appears, believes that NFTs are a viable alternative, but has yet to find out how to implement them properly such that they benefit and delight consumers.
In the gaming industry, the use of NFT has sparked some debate in recent months. Due to the strong response they received from the community and several development partners, Team17 recently abandoned their proposal for Worms NFTs. Ubisoft is sticking to its guns when it comes to NFTs, and they’re continuing to support them through their Ubisoft Quartz initiative.
Nintendo hasn’t entered this market yet, but it appears that they would if they can come up with a more “consumer-friendly” approach. For now, it appears that they are still unsure about NFTs and the Metaverse.