THEORY: Sony or Nintendo Is About To Enter Web3 and Build Its Own Metaverse

TL;DR

• So, in case you missed it – the Japanese government is all in on Web3! Don’t believe us? Japan’s Prime Minister Fumio Kishida just spoke at a Web3 conference!

• According to Kishida: “A major Japanese company will announce an ambitious large-scale project that will create a valuable economic zone in the metaverse.”

• Our guess its either Sony or Nintendo (most likely Sony, based on the patents its been filing over the past year or so).

• Both companies have global audiences, so whoever builds it, it will likely benefit Web3 on a global scale.

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This…this is a stretch.

A stretch. Based on an assumption. Made from a veiled comment.

But christ do we hope it’s true!

Here’s our theory:

Either Sony or Nintendo is about to enter Web3 and build its own metaverse.

Here’s how we got here:

So, in case you missed it – the Japanese government is all in on Web3!

Don’t believe us? Japan’s Prime Minister Fumio Kishida just spoke at a Web3 conference!

In his speech, he outlined how he sees Web3 as “part of the new form of capitalism,” and plans to drive growth and wealth distribution in Japan by focusing on innovation, startups and digital transformation.

But the real bombshell was this:

According to Kishida…

“A major Japanese company will announce an ambitious large-scale project that will create a valuable economic zone in the metaverse.”

Outside of Sony and Nintendo – which company could that even be?

(Ok, sure – there’s Sega, Konami, Square Enix, Bandai Namco, Capcom, and Game Freak…but just let us have this one ok??)

Between the two, our money is on Sony (based on the patents its been filing over the past year or so).

Here’s why this exciting, regardless of who builds it:

1. Most “major Japanese companies” have global audiences. So there’s a good chance that whatever Japan builds here, will benefit Web3 on a global scale.

2. A lot of Web3 technology is currently trying to exist outside of the established Web2 system.

   Meaning, blockchain isn’t really being integrated into existing web platforms/services/sites as much as it is being built anew as standalone products.

   And that’s a problem.

   Because driving adoption through projects that are starting from zero isn’t nearly as effective as integrating blockchain into existing tech, with established user bases.

Are we connecting dots that don’t exist, based off a comment made in passing at a conference?

Yes. Yes we are.

But we don’t care (life is good, here in Fantasy Land).