Japanese gaming giant Konami is looking to expand its crypto-versed pool as it looks to develop Web3 and Metaverse “experiences” and a NFT marketplace.
The gaming giant is the recent in a long list of big names interested in expanding its Web3 services by acquiring new talent.
On October 13, the company revealed that it was hiring a “wide range of talent” for “system construction and service development” relating to upcoming Metaverse and Web3 platforms.
Konami said that it has been conducting research and development to incorporate the “latest technology” into its games and content, and also has plans to release an NFT trading platform where players can exchange their in-game digital items.
The company is famous among traditional gamer circles as the publisher of the Metal Gear Solid franchise, Castlevania, Dance Dance Revolution, and Frogger.
Konami aims to fill various positions containing system engineers, programmers, project managers, designers, and administrators for its Web 3 venture.
The successful applicants will work on an “exclusive digital item distribution platform” which complies with Japanese guidelines for blockchain games.
This isn’t Konami’s initial foray into NFTs, in January the company released a series of NFTs to celebrate the anniversary of its Castlevania franchise.
Nevertheless, main moves by some traditional gaming companies into NFTs have been met with backlash, the most notable example being Ubisoft’s Quartz platform, that came under fire previously in the current year.
The previous month, Ubisoft CEO Yves Guillemot pushed back on the company’s enthusiasm for NFTs, mentioning that the company was merely in “research mode” all along.
Some gamers saw gaming companies’ enters into the NFT space as a money grab. There were also environmental worries about the proof-of-work mining process used to mint them, though many of those concerns can be dismissed as ETH, the industry standard network for NFTs, has become proof-of-stake.
NFT sales are down in 2022 in line with the wide cryptocurrency bear market. In the last few months, NFT sales on the world’s largest marketplace OpenSea have fallen 99 percent from their record highs of over $400 M earlier this year.
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