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[IbizaPocholo]

Nintendo says it’s interested in NFTs and the Metaverse: ‘We feel the potential in this area’ | VGC

But the company doesn’t know how to “provide joy” with them yet…

www.videogameschronicle.com

During a Q&A session following the publication of Nintendo’s latest financial results, the company’s executives were asked what Nintendo’s stance was on the metaverse and NFTs.

According to analyst David Gibson, the response was that Nintendo had an interest in this area and could feel its potential.

However, it was stressed that Nintendo wondered “what joy [it] could provide in this area” and was finding it difficult to define this.

“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,” the company reportedly said.

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UPDATE 12.54pm GMT: In a follow-up tweet Gibson now claims that Nintendo’s answer “was mainly focused on metaverse”.

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ORIGINAL STORY CONTINUES: NFTs are unique non-interchangeable units of data stored on a blockchain (a form of digital ledger), which effectively allow users to own, buy and sell digital goods such as in-game items or artwork.

The Metaverse is a term currently popular among tech companies, used to describe a hypothetical, online virtual world focused on social connection.

 

[Midn1ght]

 

[Dream-Knife]

Yeah I really think their next system will be a handheld/VR hybrid.

 

[ManaByte]

If Nintendo ever gets into NFTs:

 

[blacktout]

Sounds like a typical investor question dodge. The standard "we're looking into it but have no plans at this time" non-answer that companies give to stockholders. This could just as easily mean "we have no intention of ever getting into the metaverse but don't want to give the impression that we're leaving money on the table" as "we actually have a strategy to capitalize on the metaverse that we're not ready to announce yet."

 

[Hendrick's]

Switch-U incoming.

 

[Bonfires Down]

"Yes, we do pay lip service to the new buzzword but we plan to ignore it. Now fuck off!"

 

[EverydayBeast]

Sony already had a “metaverse” ps home died, Nintendo not taking graphics or power seriously is a tragedy honesty.

 

[Damigos]

 

[lastmessiah]

I think they need to get online multiplayer sorted before they can worry about the metaverse.

 

[TheDreadLord]

Nintendo has a huge potential for NFTs.

 

[ZoukGalaxy]

That NFT must be a meta joke.

 

[I Love Rock 'n' Roll]

I was about to shit on this but let's be real, we'll be all long time dead when Nintendo will jump to something like meta!
So why care!

 

[Goalus]

If Nintendo ever gets into NFTs:

Nintendo have been the first to sell a digital game as a limited item.
They are among the worst.

 

[TheGodfather07]

Switch-U incoming.

nintendo have a habit of fucking up every now and then. the normal thing would be to make a switch 2 but they will probably call it something else.

 

[Buggy Loop]

If Nintendo ever gets into NFTs:

They would back the fuck down soon as they realize the asset would be owned by customers and no longer theirs. Nintendo is not one to develop assets for some neckbeard to buy ownership of it.

 

[Kokoloko85]

Yeah I really think their next system will be a handheld/VR hybrid.

Maybe their next next hybrid

 

[kingfey]

This is what metaverse is


This is MS viewpoint

 

[ParaSeoul]

If they do this the transition from Switch to the next console is going to be like Wii to Wii U.

 

[KingGhidorah]

Standard PR talk, nothing to see here

 

[Robb]

Nintendo:
- Can we provide any joy to players using NFTs?
- Probably not.
-Ok, then there’s no point in doing it.


The rest of the market:
- Can we make any money using NFTs?
- Yeah, people don’t even understand what they are lmao
-

 

[Oddvintagechap]

Mario NFT im ready.

 

[Bernd Lauert]

It's a potential trillion dollar industry, they'd be stupid to not at least look into it. It's very early though (Amazon 1999 type of early) so no rush.