Friday, February 23

Nintendo takes honorable stance on NFTs and the metaverse

In a Q&A with David Gibson, analyst and investment adviser, Nintendo stated that he has an interest in the NFT and metaverse sector. However, the company said it still doesn’t know how such tools can bring joy to gamers.

Although non-fungible tokens (NFT) manage to introduce a real economy inside a game, the attitude of Nintendo – the company that created classic games like Super Mario and The Legend of Zelda – shows that their use needs to make sense.

On the other hand, the Ubisoft company anticipated itself by trying to surf this wave and ended up getting a shower of dislikes after the introduction of Ubisoft Quartz.

Games are intended to generate fun

With the explosion of Axie Infinity, a P2E game whose token appreciated 11,300% in 2021, and with the name change from Facebook to Meta, many NFT games have appeared on the market recently. However, most of them cannot even be called a game.

Explaining better, many of these games are almost a wallpaper where the player doesn’t have to do anything except put money and stare at the screen. Therefore, they are more like a pyramid scheme.

That said, Nintendo’s stance is honorable.. After all, the company is not looking to take advantage of the hype of the moment, but to understand how to use this tool so that its players have fun.

— How do you think about metaverse and NFT?
— We are interested in this area, we feel the potential of this area, but we wonder what joy we can bring in this area and that is difficult to define now.

Nintendo responding to David Gibson about NFT and the metaverse. Source: Twitter

No tweet Next, David Gibson clarifies that Nintendo’s response focused on the metaverse rather than NFTs. So it is possible that the company has no interest in games with such tokens.

Falling goal next to the metaverse

Aside from the terrible 99% drop for several NFT games like CryptoCars and CryptoPlanes, even Meta — Facebook’s parent company — isn’t at its best.

With disappointing results, the share price of Meta ($FB) closed this Thursday (3) with a drop of -27% after the market opened with a giant gap.

Meta shares ($FB) falling. Source: TradingView

Although it’s still focused on social media, it’s worth remembering that the company changed its name to focus on the metaverse. This is mainly due to the development of virtual reality hardware, as well as games for it.

Finally, going back to Nintendo, we hope that companies and gamers have this same mindset. After all, the purpose of games is to have fun and not be a more boring and stressful job than the traditional ones.