Nintendo not yet ready for the MetaVerse

Speaking during the company’s most recent financial earnings Q&A, president Shuntaro Furukawa was asked if Nintendo has plans relating to the metaverse and NFTs.

Responding to the former, he began by acknowledging the current interest in the idea:

“The metaverse has captured the attention of many companies around the world, and it has great potential.” However, Furukawa continued by pointing out that it doesn’t fit Nintendo’s plans at this point:

“At this point in time, there is no easy way to define specifically what kinds of surprises and enjoyment the metaverse can deliver to our consumers. As a company that provides entertainment, our main emphasis is on ways to deliver fresh surprises and fun to our consumers.”

Furukawa went on to explain that the concept will only be relevant to Nintendo once it can find the right way to implement it.

“We might consider something if we can find a way to convey a “Nintendo approach” to the metaverse that many people can readily understand, but we do not think that is the situation at the present time,” he concluded.

The ‘metaverse’ is best described as a network of 3D virtual worlds that are focused on social connection, and the term – which was coined by Neal Stephenson in his 1992 novel Snow Crash – has become something of a buzzword in recent times thanks to companies such as Facebook.

While the notion of the ‘metaverse’ is something that’s seen as a social tool, many firms are clearly looking at ways they can generate revenue using the concept, and it would seem that Nintendo is no different