Nintendo Is Staying Out Of The Metaverse And NFTs, For Now

Nintendo Is Staying Out Of The Metaverse And NFTs, For Now
Image: Nintendo

While the possibility of NFTs in Mario Kart is a bit of a wretched idea that’s been circulated, it doesn’t seem like Nintendo has any interest in NFTs or the metaverse at the moment.

In Nintendo’s financial results briefing last week, Nintendo was asked about the metaverse and NFTs during the Q&A portion of the briefing. After the constant shoving of both concepts down gamers throats in the past year, there’s no surprise that a question like this would be posed to Nintendo, a company whose microtransaction-heavy phone games made them AUD $2.4 billion last year. However, it seems like from the response to this question, fans have little to fear.

When posed with the question, Nintendo president Shuntaro Furukawa had this to say:

“The metaverse has captured the attention of many companies around the world, and it has great potential. When the concept of the metaverse is introduced in the media, games like Animal Crossing: New Horizons are sometimes brought up as examples. In that sense, the metaverse is of interest to us.

But 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. 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.”

It’s definitely a ‘not right now’ type of response, but that can give us a present-day bit of relief. Judging by the lack of NFT talk in their response, however, could mean two things in our eyes: either it’s something they’re considering and don’t want to give away, or they don’t give a shit about NFTs and don’t see a place for them either. So basically, Nintendo doesn’t seem to be interested in NFTs or the metaverse right now. It’s a possibility, but just not a priority.

Let’s just pray to the gamer gods, who definitely exist and are real, that we don’t see some iced-out ape smoking a joint in the next Smash Bros. We already have Donkey Kong, and weed makes him anxious.

Comments

  • “But 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”

    Oh wow, Nintendo said the part that everyone else conveniently leaves out of their bright and shining buzzword and bullshit salad.

    • It was your choice to eat up everything on Zuckerberg’s menu and accept Meta’s rigid definition for what they want the Metaverse to be. The ‘metaverse’ is whatever.

      I could call Village Roadshow’s attempts at giving people dual digital+physical copies of disc-based media a pre-metaverse metaverse.

  • A big name in crypto NFT was on the record in an interview that 98% of NFTs projects will fail and be worthless once all the gold rush hysterical hype is over. Other experts agreed with him.

    A lot of the blame is on people trying to sell the NFT with a worthless product… trying to sell the proof of purchase receipt without taking care or due diligence with the collectible/membership/product your trying to sell will result in failure… or worse victimise customers.

    A brand name like Nintendo can’t afford to take either a public failure, or worse victimise their loyal customers.

    • “..or worse victimise their loyal customers.”

      Considering their on-going hardware problems….

      “A big name in crypto NFT was on the record in an interview that 98% of NFTs projects will fail and be worthless once all the gold rush hysterical hype is over. Other experts agreed with him.”

      Do you have a source for that, or at least a name? One man’s ‘big name in crypto NFT’ is another man’s Tai Lopez, after all. Whatever he’s alleged to have said isn’t exactly groundbreaking.

      NFT’s have the potential to overhaul digital ownership of goods such as software, funky little donation drives, or other QoL uses, but few, if any, projects attempting to do so have garnered any sort of mainstream attention.

      • Business Insider Australia has the article was reporting on Gary Vaynerchuka who made the comment in a CNBC interview. The interview has followed up with comments from other executives, interesting read.

      • The original is in that 2% bracket, causs they built a club around it… the imitators and the asset flip clones… mostly fall into the 98%.

        The flaw is most NFT flippers see a quick buck, the rarer few see that they have to offer a community and a service to it… then most of those fail to realise it’s actual work and they rather steal the money a day run. (like the Minecraft NFT)

        • I’ve been getting a kick out of that NFT Ethics social media account setting fires in the space by revealing dodgy projects, accounts and the folks behind them.
          Some people even tried to have the account pulled down before the recent info drop and succeeded.
          (It’s back up now)

          It’s not just the hardcore scammers either, some of the “legit” names are having the light shined on them and aren’t happy about some of the stuff that’s getting dug up.
          Multiple accounts, multiple wallets, dodgy white list etc.

    • You don’t need “a big name in crypto NFT” to tell you that “98% of NFTs projects will fail”.

      Seriously, around 60-70% of all businesses fail in the first three to five years. And this is in established industries where people have some kind of clue about what they’re doing and some actual basis upon which to predict an actual market.

      When it comes to tech startups the failure rate is even higher, by many accounts well over 90% depending on how and who you are measuring.

      So basically, for NFTs, which are about as unproven and with as little of an actual use case as you are likely to ever see, 98% is an optimist’s take, which is why “a big name in crypto NFT” is happy to make it – because they, like everyone else buying in, foolishly think that they can pick the 2%.

      The only realistic argument to have about NFTs at this point is which of the two figures is closer to the mark, is the failure rate likely to be closer to 98%, or is going to be closer to 100%?

      • I don’t need him to tell me that… already knew, but when you have someone start the conversation, and a chorus follows, maybe a few brain dead gold rush/beanie baby mogul wannabes will wake up and see that the risk is insane.

  • I love Nintendo games, but this is probably more a case of “too new” for them. It’s 2022 and their console still lacks basic features like voice chat and ability to make parties in online games that have been part of Xbox since what…..2005? Probably earlier.

    • Also don’t think the Switch could handle an NFT asset filled game. They can’t even put more than 251 pokemon into any of their latest titles cause the art work, coding, game size and system resource usage couldn’t handle it… how they going to push tens of thousands of NFTs into a game to satisfy users and offer uniqueness when your titles sell over 10 million each.

      When you can sell 100 million consoles and 760 million games, when you already have gold… why chase fool’s gold.

      • Indeed it definitely wouldn’t work on the Switch. As you mention, they also don’t need to.

        Still wish the few lingering issues that have beep plaguing Nintendo consoles for a while.

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