METAVERSE

Not Facebook, Metaverse Will Be Driven By Smaller Firms: Former Nintendo Exec

Metaverse continues to catch the imagination of big and small firms around the world. Of all the companies Mark Zuckerberg’s Meta, Platforms Inc. has captured the attention of many, since it was conceived last year. However, one long-time gaming exec has a completely different opinion. Reggie Fils-Aime best known for being the president and chief operating officer of Nintendo told in an interview on 12 march

Instead of Facebook’s parent, the digital future will be driven by smaller companies that are really innovating, while companies like Epic Games Inc. are doing “really compelling” things. “Facebook itself is not an innovative company. They have either acquired interesting things like Oculus and Instagram or they’ve been a fast follower of people’s ideas. I don’t think their current definition will be successful.

At the time of this post, Meta’s spokesperson is yet to respond to the above comment. That being said, the rise of smaller and innovative firms that are currently in seed or funding rounds also suggests that more are in store for Metaverse.

Besides that, Fils-Aime cited a few successful acquisitions like Take-Two Interactive Software Inc.’s purchase of Zynga Inc. and called Microsoft Corp.’s recent bid for Activision Blizzard Inc. “a fantastic purchase.”

Fils-Aime also called ‘Regginator’ is a veteran in the gaming domain who once criticized the industry for not moving fast enough to address its diversity challenges. “This is a global industry touching 3 billion people across the world; it’s a $200 billion business,” Fils-Aime said. “The representation in the game and in leadership is not at all where it needs to be.”

Metaverse unlocking business opportunities

Not only firms, but a number of altcoins have also entered the Metaverse industry. Popular cryptocurrencies like Dogecoin and Shiba Inu showed how meme coins can be serious investment vehicles.

In fact, TronWeekly had earlier reported on Shiba Inu’s rolling out its native virtual real estate called Shiba Lands competing with the industry giants such as Sandbox and Decentraland. Prior to the launch, SHIB developers dropped a teaser in January that showcased an image of their virtual universe naming it the ‘Shiberse’ announcing its entry into the virtual world.

Traciwininger
Author: Traciwininger

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