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Nintendo Seeking Ways To Use NFTs In Manners That Don’t Diminish ‘Joy’

John Wanguba by John Wanguba
February 4, 2022
in Crypto news, News
Reading Time: 3min read
Nintendo Seeking Ways To Use NFTs In Manners That Don’t Diminish ‘Joy’

The developer of Super Mario and Pokemon franchises has confirmed that they care more about offering a great experience for the players than winning a console race.

After releasing the latest financial results report, Nintendo held a live Q&A where they allegedly expressed “interest” in the “potential” of the Metaverse when it comes to the introduction of the nonfungible token (NFT) and blockchain technology into their video games.

A senior analyst at MST Financial, David Gibson, asked in a tweet what the Japanese gaming giant thought about the Metaverse and NFTs, and they eventually confirmed that they are not currently working on anything. However, they are still defining what they may offer gamers.

Q) How think about metaverse and NFT?
A) 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 (hey Facebook etc take note!!) 8/

— David Gibson (@gibbogame) February 3, 2022

Notably, Nintendo’s main worry is “what joy we can provide” to players and fans. They are being careful about any possible introduction of NFTs or integrations within the metaverses. The words from the makers of the Zelda and Pokemon franchises come at a time when the other major video game firms and consoles are testing the concept of blockchain gaming.

For now, Ubisoft has developed an NFT platform known as Ubisoft Quartz, while Konami, the maker of Castlevania, unleashed its NFT collection. In the meantime, Microsoft purchased Activision Blizzard for $69 billion and confirmed that Xbox will work on the development of metaverse platforms.

However, Ubisoft’s introduction of Digits and Quartz was met with massive backlash from its community. Recently, Ubisoft executive Nicolas Pouard said that gamers may not yet fully understand the benefits of NFTs.

In the financial briefing, Nintendo announced a 2.5% profit loss for the nine months through December as shortages of computer chips hurt production.

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Tags: gamingMetaverseNFTNintendoTwitter

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