Bandai Namco solidifies NFT and metaverse plans

Bandai Namco offers more details on its upcoming NFT and metaverse plans, confirms that the first metaverse will be set in the Gundam series.

Bandai Namco sees opportunities with metaverse and NFTs. The company has ambitions to creating metaverses for each of the most popular franchises including Dragon Ball, Gundam. and possibly even Tekken. Bandai Namco’s idea of ​​a metaverse is a kind of hub that integrates games, merchandise and digital content into a social sphere where players can connect, buy and play.

The first metaverse will be based on Gundam. It’s called Page-G and is a kind of galaxy with several “colonies” for different activities and content; one colony will be for eSports, another for Gunpla models, and even one for gaming. In a new Q&A session, Bandai Namco tells investors that its metaverses, and incoming NFTs incorporated into the metaverses, are not intended for speculative purposes — such as trying to make thousands of dollars with artificial scarcity.

“Ultimately by connecting several colonies that have been launched, we will create a strong connection with fans. We will be NFTs and the introduction of new technologies such as blockchain is not for speculative purposes but for fans and we will consider the need for connection. [Our goal is to] connect with fans and expand the community. I would like to create a world where fans can connect, Bandai Namco management said in a Q&A session during the Q1 earnings call.

Here’s what Bandai Namco has previously said about its metaverse plans:

“On an IP axis, Bandai Namco will develop a metaverse for each IP as a new framework to connect fans. In this IP Metaverse, we expect virtual spaces that will enable customers to enjoy a wide range of entertainment on an IP -axis, as well as a framework that leverages Bandai Namco’s distinctive strengths to fuse physical products and venues with digital elements.

“On an IP axis, Bandai Namco will develop a metaverse for each IP as a new framework to connect fans. In this IP Metaverse, we expect virtual spaces that will enable customers to enjoy a wide range of entertainment on an IP -axis, as well as a framework that leverages Bandai Namco’s distinctive strengths to fuse physical products and venues with digital elements.

“We aim for open frameworks that provide arenas for connections with and among fans and business partners. Through IP Metaverse, we will establish community among Bandai Namco and fans, as well as among fans themselves.

“Through these communities and content, we will build deep, broad, multifaceted connections that continue for long periods of time, and we will focus on the quality of those connections.”