[Update] Nintendo on Metaverse & NFTs: 'We Feel the Potential in This Area' - NewsWilliam D'Angelo , posted on 03 February 2022 / 4,590 Views
Twitter user @Nibellion has used quick machine translation of Nintendo's answer when they were asked about the metaverse and NFTs.
Nintendo's response focused on the Metaverse saying it is "attracting the attention of many companies around the world, and we believe that it has great potential.
"In addition, when the metaverse is introduced in the media, software such as Animal Crossing is sometimes cited as an example, and in this sense, we are interested in this technology.
"On the other hand, it is difficult to define what kind of surprises and fun can be provided to customers by the metaverse.
"As a company that offers entertainment, we place the utmost importance on how to deliver fresh surprises and fun to our customers.
"If we can find a way to communicate our 'Nintendo approach' to many people in an easy-to-under manner, we may be able to consider something, but we do not believe that this is the case at present."
Non-fungible tokens (NFTs) have become a controversial topic in the gaming industry with several developers attempting to add them to games before receiving criticism from players. Several developers have even backtracked on plans to add NFTs into its games.
Nintendo during a Q&A session today following its earnings report, which was reported by Analyst David Gibson via Twitter, was asked how it feels about the Metaverse and NFTs.
Nintendo does have "interest in this area" and that it does have "potential." However, they don't know exactly what to do with them and it doesn't know "what joy" it can provide.
"We do have interest in this area, we feel the potential in this area, but we wonder what joy we can provide in this area and this is difficult to define right now," said Nintendo.
Nintendo in its earnings report announced shipments figures for the Nintendo Switch reached 103.54 million units, while 766.41 million Switch games have been shipped lifetime. For the quarter Nintendo shipped 10.67 million Switch units and 85.41 million Switch games.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at email@example.com or on Twitter @TrunksWD.
Wrong title, the answer was mostly about Metaverse, not the NFT
I’d say this is more of a reaction to an investor asking such a question and less of Nintendo actually making plans to implement things like NFT’s or a metaverse. Investors are always going to ask these kinds of questions when it comes to trends in the industry they're investing in.
If Nintendo straight up said no to an investor, that would look really bad and may cause many investors to pull their investments from Nintendo.
Better have the investors aligned with what the company will do.
They tend to ask stuff like 'can you charge money to have Mario jump extra'. They are kind of terrible.
Better yet to just stay private lol.
Totally agree. Nothing worse than having money from someone that doesn`t really contribute to your target.
Nintendo NFT!! Damn, I can already see unique Pokemons and a bunch of lunatics burning money to have a "true unique pokemon"...
Nintendo looking at new ways to explore the fans.
They won't do NFTs, the title is misleading, they were answering about the Metaverse
The Legend of Zelda: The Golden Metaverse. Link must obtain eight NFTs from the eight Tech Gurus to enter Ganonbook and defeat Ganon.