Japanese Gaming Giant Konami to Launch Web3 and Metaverse Initiative

cryptonews.com:

Japanese video game giant Konami has announced plans to launch a marketplace for trading in-game NFTs, as well as a "wide range" of other Web3-related products and services. 

The entertainment conglomerate also unveiled that it is looking to add new talent and will recruit a “wide range of talent for system construction and service development to provide new experiences such as Web3 and Metaverse,” Konami said in a Thursday blog post. 

The gaming giant claimed that they have been researching how to integrate the latest innovations into games, adding that one of its main products will be a marketplace for trading in-game NFTs. 

“We have been conducting research and development to incorporate the latest technology into games and contents, and plan to launch a service where players can trade their in-game NFTs (digital items) through a unique distribution platform using blockchain,” it stated.

Konami mentioned that NFTs can be used for several purposes. While the innovation is primarily used to represent unique in-game items in entertainment, it can also represent fan tokens and tickets to events, allowing owners to interact with other services and communities. 

Notably, this is not Konami's first foray into the world of blockchain. Earlier this year, Konami celebrated the 35th anniversary of Castlevania by selling a collection of NFTs related to the franchise. 

The majority of the collection was made up of GIFs of gameplay snippets from the first three Castlevania games on various home computers. The rest of the collection was renderings of in-game maps and art versions originally used in Castlevania: Circle of the Moon. 

It is worth noting that Konami's bold bet on NFTs comes as the market for these digital tokens is