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Home Technology Metaverse

Nintendo President Vague On Company’s Metaverse Plan – CoinDesk

by NewsReporter
February 3, 2022
in Metaverse
Reading Time: 2 mins read
nintendo-president-vague-on-company’s-metaverse-plan-–-coindesk
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The president of Nintendo says the games company will hold off on expanding into the metaverse until it can be sure that the medium will provide the “surprise and fun” its players expect.

  • The comments by Nintendo President Shuntaro Furukawa were made during an earnings news conference Thursday, Reuters reported.

  • This comes a week after another giant in the Japanese gaming industry, PlayStation creator Ken Kutaragi, came out against the metaverse calling it “isolating” and VR headsets “annoying”.

  • Historically, Nintendo has been extremely protective of its intellectual property (IP) and prefers to keep it in-house rather than licensing it to third parties. On expanding Nintendo’s empire through licensing, Furukawa said: “It wouldn’t be a plus to suddenly bring in people who don’t have Nintendo’s way of thinking.”

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

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