Former Nintendo of America President and COO Reggie Fils-Aime discusses Metaverse, blockchain technology, and in-game P2E during a panel at the SXSW Tech Conference.
The interview discusses Reggie’s journey as a Haitian immigrant from the Bronx, who later attended Cornell and worked at Nintendo after forming a close friendship with Satoru Iwata.
After discussing the challenges he faced along the way, his accomplishments during his time at Nintendo of America, and his reasons for resigning in 2019 to continue teaching and board service, the interviewer led the conversation on the topic of where the gaming industry is heading. .
Reggie Fils-Aime describes Metaverse as an industry-wide concept and his personal interpretation of what it means for the industry:
“What is Metaverse? I think Metaverse is like” Cloud “from five years ago, and even” Internet “from 20 years ago. It’s a label that every company has tried to understand, to say that their company is about the metaverse.For me, Metaverse is a digital space where you interact with your friends in a social and, I believe, like game environment.So it’s social, it’s digital… and has the ability to really interact with friends and people who have the potential to be your friends.
Reggie cites Fortnite and Roblox as specific examples of implementing his vision for the metaverse, which he later clarified as “a wide variety of experiences, all tied to a coin.”
However, he mentioned that he was skeptical about the success of Facebook’s rebranding of Meta, because he didn’t believe Facebook was a new company and they weren’t successful with physical products. He also expressed a preference for AR technology rather than VR technology, citing Pokemon Go as an example of the successful implementation of the technology.
On blockchain technology, cryptocurrency and P2E, Reggie says:
“I’m a blockchain enthusiast. I believe that blockchain as a technology can be really compelling… I also believe in the concept of” play to win “in video games, and I say that as a gamer where I’ve invested maybe 50 hours in a game, 100 hours in a game… There are games where I invest 300 hours in a game… And if I’m ready to move on, wouldn’t it be great to monetize what I’ve built? I think I have picks here now if I want to sell my Animal Crossing island… I wish I could monetize that.The Blockchain technology included in the code and development will allow me to do this.
However, he qualified his positive comments on the potential of blockchain technology in games by emphasizing that it needs to make sense for gamers and not just game developers in order to make a profit.
Do you agree with Reggie’s optimistic view of Metaverse and blockchain technology in games? And where do you start bidding for Reggie’s Animal Crossing Island?
Go ahead and share your thoughts in the comments; I won’t read this because I already know you won’t agree, but you’ll probably meet some people who have the potential to be your friends in our little Metaverse comments section!
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