Japanese Gaming Giant’s Hiring Drive Ahead Of The NFT Market

While it looks to the development of Web3 and metaverse “experiences” as well as a nonfungible token (NFT) marketplace, Japanese gaming company Konami is looking to grow its pool of crypto-versed talent.

The gaming juggernaut is the most recent in a growing number of well-known companies to express interest in enhancing their Web3 products by hiring fresh expertise.

On Oct. 13, the company announced that it was recruiting a “wide range of talent” for “system construction and service development,” relating to future metaverse and Web3 platforms.

In order to incorporate the “latest technology” into its games and content, Konami said that it has been doing research and development. It also said that it has plans to introduce an NFT trading platform where users can exchange their in-game digital goods.

Traditional gaming communities are familiar with the firm as the publisher of Frogger, Castlevania, Dance Dance Revolution, and the Metal Gear Solid series.

For its entry into Web3, Konami is hiring for a number of positions, including system engineers, programmers, project managers, designers, and directors.

The chosen candidates will be involved in creating a “unique digital item distribution infrastructure” that complies with Japanese regulations for blockchain gaming.

NFTs Konami has already experimented with nonfungibles

The company debuted a line of NFTs in January to mark the anniversary of the Castlevania franchise.

The Quartz platform from Ubisoft, which received criticism earlier this year, is the most noteworthy example of a traditional gaming company’s major foray into NFTs that was met with resistance.

Ubisoft CEO Yves Guillemot said the firm had just been in “research mode” all along when he scaled back the company’s enthusiasm for NFTs last month.

The entry of gaming businesses into the NFT market was viewed as a money grab by some gamers. Additionally, the proof-of-work mining method used to create them raised environmental concerns, however many of these issues can be put to rest now that Ethereum, the industry-standard network for NFTs, has switched to proof-of-stake.

NFT sales have decreased in 2022 in line with the general bear market in cryptocurrencies. NFT sales on the biggest marketplace in the world, OpenSea, have fallen as much as 99% in recent months from their record highs of more than $400 million early this year.

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