The Japanese gaming giant Konami is seeking to expand its cryptocurrency talent pool to develop Web3 and metaverse “experiences” and a market for non-fungible tokens (NFTs)..
The gaming giant is the latest in a growing list of big names showing interest in expanding their Web3 offering. looking to acquire new talent.
On October 13, the company announced that it was hiring a “wide range of talent” for “systems building and services development” related to the future metaverse and Web3 platforms.
Konami stated that it has been researching to incorporate the “latest technology” into its games and content.adding that it also has plans to launch an NFT trading platform where players can trade their digital items in-game.
The company is well known in traditional gaming circles for being the publisher of the Metal Gear Solid franchise, Castlevania, Dance Dance Revolution, and Frogger.
Konami is looking to fill various positions, such as system engineers, programmers, project managers, designers and directors, for its foray into Web3.
Successful applicants will work on a “single digital item distribution platform” that conforms to Japanese guidelines for on-chain gaming.
This isn’t Konami’s first foray into non-expendable products. In January, the firm released a collection of NFTs to celebrate the anniversary of its Castlevania franchise..
Nevertheless, some traditional video game companies have entered the NFT spaceand the most notable example is Ubisoft’s Quartz platform, which was criticized earlier this year.
Last month, Ubisoft CEO Yves Guillemot backtracked on the company’s enthusiasm for NFTs, stating that it was just in “research mode” all the time.
Some gamers viewed video game companies’ entry into the NFT arena as simply a way to make money. There were also environmental concerns about the Proof-of-work mining process used to mint them.although much of these concerns can be dismissed as Ethereum, the industry standard network for NFTs, has transitioned to Proof-of-Stake.
NFT sales have plummeted in 2022 in line with the broader crypto bear market. In recent months, NFT sales on the world’s largest marketplace, OpenSea, have plummeted as much as 99% from their all-time highs of over $400 million earlier this year.
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