The metaverse will be run by game companies, says the former Nintendo president

For former Nintendo president Reggie Fils-Aimé, the future of the metaverse will be determined by the big video game companies.

The metaverse has become one of the main market trends in recent months. Ever since Facebook announced the change of name to Meta, showing that the company was moving in that direction, various companies have considered and explored ways to do the same.

This is not a coincidence. A study has shown that this new market could reach around $ 700 billion during this decade. Among the segments most interested in this new technology, electronic games played a leading role.

More companies in the sector

In an interview with Yahoo Finance, Son-aimedwho chaired the Nintendo subsidiary in the United States until his retirement in 2019, said so the metaverse will be the technology that will be explored by all console and video game companies. For him, it is this industry that will drive this new industry that is emerging.

“I think that vision is something that we are all walking towards. I think it will be run by game companies and I think if it is distributed in a fun and engaging way, it will be an experience that people will want to experience. “

SEGA, one of Nintendo’s biggest competitors, even claimed that NFTs it would be the future of this sector. Microsoft’s CEO said after the acquisition of Activision Blizzard that the developer would have “a key role in the development of metaverse platforms”.

Even without presenting major projects and news in this sector so far, the player market already poses a great threat to Meta. For this reason, in the future, there may be a battle between the gaming industry and the social media industry to search for users in these VR environments.

Who will dominate the metaverse?

One of Meta’s advantages over its video game competitors is its large user base. This is approaching 2 billion with worldwide rollout. However, the company doesn’t have a very good public image, with a survey showing that most people don’t want to be part of a Mark Zuckerberg-commissioned metaverse.

On the other hand, gaming companies have a more loyal user base, with most open world gaming platforms inhabiting and having customizable elements, one of the highest earning potentials in the metaverse.

However, this industry is still divided on further integration with Web 3.0 features, especially NFT.

It should be remembered that meta and video game companies have competition from decentralized metaverses such as Decentraland (MANA) and The Sandbox (SAND). Both are of great importance in this sector, managing to attract various companies and celebrities to their platforms.

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