Konami to launch web 3.0 and metaverse initiative

The new in-game non-fungible token initiative launches amid a rapid decrease in the market for digital assets.

Japanese entertainment company Konami has announced it will soon launch a marketplace for trading in-game non-fungible tokens (NFTs) and a “wide range” of web 3.0 products and services.

The gaming giant declared its plans to seek several new talented individuals for “system construction and service development to provide new experiences such as web 3.0 and metaverse”.

After researching how to integrate the latest innovations and “technology into games and contents”, the Japanese business said it had added a marketplace for trading in-game NFTs that will act as its focal product through a “unique distribution platform using blockchain”.

The collection mainly comprises GIFs in relation to gameplay snippets from the first three Castlevania games; a Japanese gothic horror action-adventure video game series.

The remainder of the games is made up of renderings of maps and original art designs that were used in Castlevania: Circle of the Moon.

The launch of Konami’s NFTs comes at a time when the popularity of such digital tokens has declined over the last few months.

However, the NFTs are said to support several purposes, which include acting as a representation for fan tokens and ticket entry to events and shows where owners of the tokens can interact with communities.

 

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Written by Isabella Aslam

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Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.