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Home » Business » Japan’s Konami seeks to hire talents to advance Web 3,
metaverse, and NFT efforts


JAPAN’S KONAMI SEEKS TO HIRE TALENTS TO ADVANCE WEB 3, METAVERSE, AND NFT
EFFORTS

Business 15 hours ago

Wahid Pessarlay

Japanese gaming giant Konami has disclosed that it is hiring experts versed in
the digital assets industry as it looks to incorporate Web 3 elements in its
games.

Per the announcement, the firm says it will be “recruiting a wide range of
talent for system construction and service development to provide new
experiences such as Web 3 and the metaverse.” The available roles cut across
areas of Business Development, Project Management, Legal, and Accounting, with
new hires facing the possibility of being transferred to one of Konami Group’s
corporations.

Konami revealed that it had been researching blockchain technology and its role
in gaming. Under the research, the gaming firm decided to create a non-fungible
token (NFT) trading platform to allow players to trade their in-game digital
collectibles for money.

“NFTs can be used in-game as items, as well as participate in fan communities
and events, and interact with other series and communities to further expand the
user experience,” read Konami’s report.

Applicants that scale through the hiring process will join the team in
developing a “unique digital item distribution platform” in line with
the Japanese regulatory framework. Konami is the name behind titles like the
Metal Gear Solid franchise, Castlevania, Pro Evolution Soccer, and Froggy.

Konami is no stranger to NFTs, having made an incursion into the niche back in
January by launching digital collectibles to mark the 36th year anniversary of
the Castlevania franchise. The collection was made up of GIFs of portions of the
gameplay, while the rest was made of the game’s maps.

The dip in NFT activity is worrying

Konami’s push into NFTs is coming at a precarious time for the asset class,
given the decline in transaction volumes. At the start of the year, NFT trading
volumes were at 17 billion, and the figure fell to $466 million in October,
which represents a 90% fall in activity.

“The fading NFT mania is part of a wider, $2 trillion wipeout in the crypto
sector as rapidly tightening monetary policy starves speculative assets of
investment flows,” Bloomberg said.

The decision by some large gaming companies to launch digital collectibles has
been met with deafening criticisms. Ubisoft’s attempt at NFTs Quartz received
backlash from the gaming community, while Nicolas Pouard, VP at the firm’s
Strategic Innovation Labs, defended the offering by stating that “gamers don’t
get what a digital secondary market can bring to them,”

Despite the fall in NFT trading volumes and the lethargic start of Ubisoft’s
foray, Konami can turn the tides in its favor by learning from the shortcomings
of its predecessors.

Watch: The BSV Global Blockchain Convention panel, Blockchain: Data Power-Ups
and NFTs for eSports & Online Games



width="562" height="315" frameborder="0" allowfullscreen="allowfullscreen">



New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate
resource guide to learn more about Bitcoin—as originally envisioned by Satoshi
Nakamoto—and blockchain.


TAGGED

 * blockchain gaming
 * gaming
 * Japan
 * jobs
 * Konami
 * metaverse
 * non-fungible tokens
 * Web 3.0


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FRANCE INCHES TOWARD BECOMING DIGITAL ASSETS PARADISE, FINANCE MINISTER SAYS

France's ambition to become a virtual currency hub is gaining traction, said
Finance Minister Bruno Le Maire, but reiterated that the country remains aloof
on using digital currencies.

Business 1 hour ago


GRANATH V WRIGHT OSLO VERDICT: HODLONAUT NOT LIABLE FOR DEFAMATION IN NORWAY

Round one of Granath v Wright is over: attention now turns to the parallel
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Business 2 hours ago


BTC MAXIS REJOICE AS MUSK DOESN’T DUMP MORE OF TESLA’S TOKENS

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from the previous quarter.



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