Companies announcing their interest in non-fungible tokens (NFTs) is now commonplace. Twitter, Facebook, Instagram, YouTube and other platforms and services have already confirmed their intention to launch features related to these digital assets. Some of them also claim to be working on the development of the metaverse. Nintendo is the last to jump on the bandwagon, as confirmed by the company in the usual call to investors after announcing its quarterly results. They have an interest in both NFTs and the metaverse, but they confess that they don't know how to squeeze these areas.
According to analyst David Gibson, one of the questions that Nintendo executives were asked was about their opinion about the metaverse and NFTs. One of the company representatives commented: “We are interested in this area, we feel the potential in this area, but we are wondering what we can provide in this area and this is difficult to define at the moment “. While Gibson notes that Nintendo's response focused primarily on the metaverse, Nintendo's statements suggest that, at least for now, they don't know how they can apply both concepts to their products.
Nintendo is not the only company that has confirmed its interest in NFTs without revealing more details about their uses. Recently, YouTube also revealed that they are “exploring” non-fungible tokens. However, he did not confirm how he was going to apply them on his platform.
How do other companies similar to Nintendo apply the metaverse and NFTs?
The metaverse is an area that can be perfectly applied to games. At least, this is what developers like Epic Games believe, who have also shown their intention to create a virtual world that offers a different experience when playing. The same goes for NFTs. In fact, today there are already non-fungible tokens that apply only to video games. An example is the 650,000 euro yacht that a user bought to be able to use it in a video game called The Sandbox
Beyond Nintendo and similar companies, companies like Twitter or Facebook seem to have a clear direction regarding the functions related to these digital assets. Twitter, for example, is adding the ability for some users to apply an NFT as a profile picture. Facebook, in addition to working on a function so that Internet users can show their tokens on their profiles, also intends to create a platform within Facebook where they can buy and sell these assets.
