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Monday, March 27, 2023

Former Nintendo President States Gaming Companies Are Marching to the Metaverse

Former Nintendo President States Gaming Companies Are Marching to the Metaverse – The race to lead the metaverse space is on, and some believe gaming companies will take the lead in the near future.

Because of their experience designing and building immersive experiences for games, Reggie Fils-Aimé, former CEO and president of Nintendo of America from 2006 to 2019, feels that gaming firms like Nintendo and Sony are better positioned and equipped to lead this metaverse race.

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Fils-Aimé addressed Yahoo Finance on the metaverse and gaming companies:

“I believe it will be led by gaming companies, and I believe it will be an experience that people would want to have provided it is presented in a way that is enjoyable and compelling.”

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Furthermore, according to Fils-Aimé, metaverse aspects like persistent digital worlds and digital avatars are already available in a variety of gaming experiences today, thus the transition from traditional gaming to metaverse gaming will not be a significant change for gamers.

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The metaverse is expected to be a $13 billion opportunity with a user base of more than five billion users, therefore gaming and other industries are eager to get involved as soon as possible. Companies such as Sony, which owns the Playstation brand, have already included the metaverse as a key notion in their business plans.

Sony said at the time that it planned to “use the unique qualities provided by its diverse businesses and expertise in gaming technology to create new entertainment experiences in the realm of the metaverse.” Microsoft has also stated that it intends to enter the metaverse market with its acquisition of Activision, indicating that the space would be crowded in the future.

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While focusing on the metaverse for the future is crucial, Fils-Aimé believes that game businesses should focus on creating innovative and engaging content for consumers. On this, the executive praised From Software, the creators of Elden Ring, a game that Elon Musk recently described as “the most beautiful art I have ever seen.”

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