Nintendo Could Be Next to Jump on The NFT and Metaverse Train

After the Meta rebrand of the social media giant Facebook, the Metaverse space has received considerable attention both in terms of social interest and institutional interest.

Media conglomerates like Twitter and YouTube too joined in on the NFT mania soon enough. Now jumping on the bandwagon is the Japanese multinational video game company Nintendo. 

Nintendo Could Explore NFTs and Metaverse

During Nintendo’s recent financial results, in a Q&A session, the company addressed questions surrounding NFTs and the metaverse space.

It was further highlighted by David Gibson, a senior analyst at MST Financial, that Nintendo hinted at its interest in the Metaverse space and could see ‘the potential’ it had for the company. 

Statements from the company said:

“We do have interest in this area, we feel the potential in this area, but we wonder what joy we can provide in this area and this is difficult to define right now.” 

However, in a follow-up Tweet, Gibson claimed that Nintendo’s interest and response were ‘mainly focused on metaverse.’ 

Gaming Firms Exploring the Metaverse

Not just Nintendo but South Korea’s largest mobile game developer, Netmarble, too recently revealed plans to release games for the metaverse following the creation of its new development unit last year.

The gaming giant further said it was developing a sequel to its monopoly-styled board game titled ‘Everybody’s Marble: Metaworld’ under its subsidiary Netmarble F&C.

Notably, metaverse tokens like Decentraland (MANA), The Sandbox (SAND), and Enjin Coin (ENJ) saw a good pump at the time of Facebook’s rebrand announcement last year. 

Developments in the Metaverse space tend to push the prices of the aforementioned coins. For now, however, with Bitcoin above the $40K mark most altcoins were noting a nice price rise. Of the Metaverse tokens at press time Enjijn Coin (ENJ) noted the highest gains of over 9% trading at $1.81.