Nintendo Shows Interest in Metaverse, Adopts Cautious Approach

Nintendo might introduce blockchain when it is completely sure of it enhancing the end-user experience.

NFTs have been in news constantly due to their mushrooming growth within several industries. The gaming industry is not behind in this console race, and more and more are incorporating blockchain technology in their video game worlds. This time, the gaming company in news for NFTs and the Metaverse is the creator of one of the most famous games in recent history, Super Mario. At a live Q&A session organized post the release of its latest financial report, Nintendo gave hints towards the potential of introducing blockchain and metaverse technology in their video games.

No Commitment Expressed by the Gaming Giant

David Gibson, a senior analyst at MST Financial, who was in attendance for the Q&A session, tweeted about his question and Nintendo’s response. The Pokemon franchise creator confirmed that currently, they don’t have any plans to introduce the Metaverse of NFTs however did not completely rule out its potential in the gaming world. Their main concern lies in the fact that they are being cautious especially in the current scenario of gaming companies getting a backlash from the users for their Metaverse experiments. Nintendo wants to define the benefits of the Metaverse for the players and what joy it would give them. The gaming company, thus, has no plans set in motion and might introduce the blockchain technology when it is completely sure of it enhancing the end-user experience.

If you are a gaming enthusiast and interested in the other discussions that took place within the session, an official transcript will soon be released.

Metaverse and the Gaming Industry

Although companies like Ubisoft and Konami, famous for Castlevania, have developed their own NFT platforms, a lot of players and fans are repulsive towards the idea. The most recent disaster was Team17 backing out of its MetaWorms NFT plan a day after it released the same due to backlash from studios, communities and fans of the Team17 products. A lot of the gaming community feels that the introduction of blockchain technology in the form of NFTs and the Metaverse will eventually make the gaming world less accessible, entertaining and more expensive.

However, some big entities like Microsoft might help set the stage for a smoother Metaverse transition. After acquiring Activision Blizzard, Microsoft confirmed that its video gaming brand Xbox will begin experiments with the Metaverse.

Nintendo is a Japanese multinational company that develops video games and video game consoles. Founded in 1889 by Fusajiro Yamauchi, it began as a manufacturer of handmade hanafuda playing cards. The company has come a long way since then and today is one of the richest and most valuable companies in the entire Japanese market. It is the developer of several games and gaming series you must have played or at least heard about in your childhood such as Donkey Kong, Super Smash Bros, Super Mario, The Legend of Zelda, Animal Crossing, Star Fox, etc. Nintendo is on a mission to put smiles on everyone’s face by sharing the worlds, ideas and characters that they have created through the medium of the video gaming industry.

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Gladis Monteiro

Content specialist with interest across sectors like Finance, Politics, Environment, Technology & Education. Loves Fiction! A reader, dreamer & blogger. When not writing, you will find her enjoying solitude like her cats