Nintendo “Has Interest” In NFTs And The ‘Metaverse’

NFTs have been a hot topic lately, with the most recent drama being Team17’s announcement (and then cancellation) of its own line of non-fungible tokens.

During a Q&A session that followed Nintendo’s latest financial results, one of the questions related to the topic of NFTs and the ‘metaverse’.

Analyst David Gibson, who was in attendance, reports that Nintendo’s response wasn’t one of instant dismissal (thanks, VGC):

It’s not a particularly surprising reply – after all, Nintendo is in the business of making money and will legitimately be interested in any new technology which enables this – but it’s clear that the company is taking a cautious approach to both concepts.

Alongside Team17, which has arguably done harm to its brand with its aborted NFT plans, voice actor Troy Baker was forced to withdraw from a deal that would have seen voice samples minted as NFTs, following an overwhelmingly negative reaction online.

Companies such as Konami, Square Enix, Sega and EA have all expressed interest in NFTs recently, although Sega has stated that it won’t pursue the idea if its fans are against them. However, Ubisoft has said that fans currently don’t understand the benefits of NFTs.

If you’re still confused about NFTs, feel free to check out our feature which attempts to explain them.