Konami wishes to expand its plans for NFTs and the Metaverse

Konami, the developer of iconic video games such as “Castlevania” and “Metal Gear”, is preparing its investments in the Web3 space, with a new recruitment drive set to concentrate on the creation of a new metaverse, and minting NFTs.

konaminft-metaverse-plans

Konami said in a press release that they have been conducting research and development to contain the latest technology into games and contents, and plan to establish a service where players can trade their in-game NFTs (digital items) via a unique distribution platform utilizing blockchain.

Obviously, these NFTs can be used in-game as items, as well as for participating in fan communities and events and interacting with different services and communities to further extend the user experience.

The new system is reportedly in the works now and will utilize a unique digital distribution platform to enable players to purchase and trade NFTs within games. The plans seem similar to Ubisoft Quartz which is a proprietary NFT trading system that has now clearly been dumped as Ubisoft turns its focus away from NFTs.

Also read, Ubisoft and Netflix reveal exclusive mobile games

Konami’s new game plan comes at a strange time for NFTs and the metaverse, which have seen expanding declines over the last few months. The originality of these systems is gradually wearing off, and the grim truth of use is surfacing. Lately, it was reported that Decentraland, a US $1.2 billion metaverse, only had 38 active users over a single day duration– despite the development company’s staggering market cap.

Investors have pushed major growth in the Web3 industry although there has been little pay-off with projects like Decentraland. Also, the NFT market has undergone a major crash in the last few months, with interest quickly weakening and keen punters turning away.

While Konami made around US $162,000 from NFT sales at the size of this technology’s popularity, the ‘golden era’ may be over. Anyway, the company is pushing ahead with its plans. In the future, it expects to hire a wide range of talent for system construction and service development to deliver new experiences such as Web3 and Metaverse.

We will have to wait to see precisely what the company has planned and if it fits into the modern NFT and metaverse ecosystem.


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