04/02/2022 Nintendo "Has Interest" In The Metaverse But Ponders What "Fun" It Can Provide

Update: More accurate translation now available

Be Afraid? Image: Nintendo

Update:Nintendo has now released the Japanese version of the Q&A session during which it was reported that the company "has interested" in concepts such as NFTs and the Metaverse.

Twitter userNibellionhas used machine translation to get a more accurate picture of what was said:

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Translation Image:Nibellion

We've updated the title of this piece to better reflect Nintendo's response, and apologise for any confusion caused.

Original Story [Thu 3rd Feb, 2022 11:00 GMT]:NFTshave been a hot topic lately, with the most recent drama being Team17'sannouncement(and thencancellation) of its own line of non-fungible tokens.

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

AnalystDavid Gibson, who was in attendance, reports that Nintendo's response wasn't one of instant dismissal and that its main point of interest would be the metaverse (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.

The 'metaverse' is best described as a network of 3D virtual worlds that are focused on social connection, and the term – which was coined by Neal Stephenson in his 1992 novelSnow Crash– has become something of a buzzword in recent times thanks to companies such as Facebook. While the notion of the 'metaverse' is something that's seen as a social tool, many firms are clearly looking at ways they can generate revenue using the concept, and it would seem that Nintendo is no different.

With regards to NFTs, the public response has been quite vitriolic. Alongside Team17, which has arguably done harm to its brand with its aborted NFT plans, voice actorTroy Bakerwithdrew from a deal that would have seen voice samples minted as NFTs, following an overwhelmingly negative reaction online.

Companies such asKonami,Square Enix,SegaandEAhave all expressed interest in NFTs recently, although Sega hasstatedthat it won't pursue the idea if its fans are against them. However, Ubisoft has said that fans currentlydon't understand the benefits of NFTs.

If you're still confused about NFTs, feel free to check outour featurewhich attempts to explain them.

An official transcript and translation of the Q&A call will likely be released in the coming days. Elsewhere on the call,Furukawa reiterated that Switch was "in the middle of its lifecycle"as the console overtook both the Wii and the PlayStation to becomethe fifth best-selling video game console ever.

Arts

https://www.nintendolife.com/news/2022/02/nintendo-has-interest-in-the-metaverse-but-ponders-what-fun-it-can-provide

Interesting NFTs
Block Chain Dungeon
Once upon a time... a little boy named Leo loved to paint, draw and experiment. He also loved to play with blocks and chains, which drew him again and again into the rooms of his friends Michel and Angelo. Often they also met in virtual rooms of Cryptovoxels, Decentraland, Somnium Space or Sandbox to create new inventions, read books about new technologies, or just swing the brushes. But on this day something gigantic happened. A good friend of Leo came to visit and brought his girlfriend Mona, who wanted a piece of Leo's art on her skin. This was the birth of the NFT's, as Leo developed Non Fungible Tattoos in the Block Chain Dungeon of Michel and Angelo. From that day on people from all over the world came to get NFT's from Leo or one of his students, like "Skeenee the rat", who controls the NFT machine with his laptop. A new age began.
Cosmic Chess
Cosmic Chess is a playable artwork that will evolve in time as the game progresses. This piece utilizes a special Layer Changer tool that lets owners move their pieces just like they would a regular chess game! To see the current state of the board you can view the tool here: https://asyncchess.herokuapp.com/1148
Lemonade
Hey cutie! I'm Lemonade. I've never told anyone this, but I once groomed a dog. I'm often described as wondrous, and I own it. This will be an amewsing friendship.
#53182
By OthersideDeployer
Fuku-Shiva
The term “Fuku” refers to fortune or good luck. “Shiva” refers to the Hindu deity who represents strongly polar qualities, both severe and delicate. On a beach inspired by adventures on Phi Phi island in Thailand, three youths cavort. Two are representational figures and the third is psychologically rendered. A dynamic relationship ensues between the triad; a reciprocity of active and passive states. The boy on the right engages in maneuvers of evasion, defense, and is dressed in a speedo which reiterates the colors and symbolism of the caution tape on the left and upper right frame of the composition. In concurrent reaction the psychedelic figure shoots out a rocket powered paper airplane. The nude boy seated in the froth and sand approaches in passive repose, and is met with active attention but equal physical reserve by the psychedelic being. Perhaps the most naked figure is also the least representational. Looming large, dynamic, and active, it engages its companions playfully. Various symbols interject into the otherwise naturalistic scene, most notably a beach ball and two contaminated barrels nested in the sand. The upright barrel reads “FukuShima” in Kanji. The barrel laying down reads “Dharma”. To the left the scene is bounded by caution tape, reiterating the danger of the nuclear waste while also hosting alien archetypes, whose presence, as is the nature of these entities, runs up and just behind the consciousness of the psychedelic figure’s eggshell-like skull.