The president of Nintendo says the video game 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 (virtual reality) 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."
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.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.