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Nintendo says it’s interested in The Metaverse: ‘We feel the potential in this area’


NeoGAFs Kent Brockman

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.

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

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.



Over It Abandon Thread GIF


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."
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thinks Halo Infinite is a new graphical benchmark
Sony already had a “metaverse” ps home died, Nintendo not taking graphics or power seriously is a tragedy honesty.


Gold Member
- 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
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.
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