Former Nintendo President on the Future of the Metaverse

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Ex-CEO of the American division of the Japanese game company Nintendo, Reggie Fils-Aimé shared his thoughts on the Metaverse in an interview with Yahoo Finance stating that gaming companies such as Nintendo и Sony, have vast experience in the industry and they have everything in order to take a leading position in the metaverse. Both companies are giants that have released dozens of top games, and if they wish, they will be able to enter virtual worlds without any problems.

Fils-Aimé stated that the basic elements of the metaverse, such as saving game worlds and digital avatars, are part of the game mechanics in traditional video games that we are used to. The same is true in the metaverses and the transition to virtual worlds will be almost painless for gamers. According to previously published report analysts at one of the largest American banks, which stated that by 2030, game companies will be able to present a diverse and complex ecosystem in the metaverses. According to their forecasts, by this time the metaverse market will reach a total capitalization of $13 trillion.

Content decides

In games, in the metaverse and beyond, content still plays a key role, says Reggie Fils, especially if it aligns with the company's brand and purpose. In recent years, metaverses have come to the forefront of technical and business discourse, although the idea has sometimes been ridiculed. Facebook, for example, has been criticized for changing its name to Meta. However, according to estimates Bloomberg intelligence, the metaverse market could be $2024 million by 800, up from $500 million in 2020. Perhaps the growth of the metaverse is counterintuitive, as people, including companies, often struggle to describe it properly.

According to Reggie, the mataverse landmark should be a priority for all gaming companies, but I especially want large companies that have all possible resources to develop the meta, as this is a promising market with huge opportunities, payback that will not be long in coming. Specialists from Analysis Group published the results of a study of the development of the metaverse market, according to which in 10 years the 58 Pacific countries will earn the most from the metaverses.

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