Blockchain gaming piques the interest of Nintendo

Video game company Nintendo has expressed interest in the potential of blockchain technology and non-fungible tokens (NFTs) to incorporate blockchain into their titles. In an interview with Nintendo, MST Financial analyst David Gibson posted a Q&A with the company. Nintendo has responded to him by saying they aren’t working on anything at the moment. Even though they have an interest in the topic.
Playing games, shopping, and working online is possible in a virtual world, called the metaverse. Which is driving companies like Facebook, Meta’s parent company, to invest in the model. According to Reuters, Nintendo President Shuntaro Furukawa said on Thursday that the firm sees the possibility of a metaverse. But will only consider it after delivering on the firm’s core values of surprise and fun.

Priority for Nintendo

Nintendo’s priority is “what joy we can deliver” to players and fans. NFTs and metaverse integration may be on the horizon. But Metaverses will remain on the backburner for now. In parallel with this announcement, some major console and video game companies are exploring blockchain gaming.

In recent months, Ubisoft has entered the world of non-fungible tokens (NFTs). It announced in December it would offer NFTs called Digits through its new platform, Ubisoft Quartz. Tom Clancy’s Ghost Recon Breakpoint will launch Ubisoft Quartz first as an option for Tom Clancy’s Ghost Recon Breakpoint PC, and NFTs will offer unique cosmetic items. There will be unique, collectible items such as in-game vehicles, weapons, and equipment represented by the numbers.

According to Nintendo, over 18.95 million Nintendo Switch video game consoles were sold in the nine months to the end of December while 11.8 million home-portable Switch units were sold and 3.2 million Switch Lite units were sold in the first nine months of the fiscal year. A shortage of computer chips hurt production, and the company also reported a 2.5 percent profit loss for the nine months ended in December.

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