sThe Pokémon Company appears to be thinking about delving into the realm of Web3. This speculation arises from the company’s recent job opening for a Corporate Development Principal position. The job requires an individual with extensive knowledge of Web3, encompassing blockchain technologies, NFTs, and/or metaverse. Additionally, the job posting shows that the company intends to foster advancement and progress within the organization.
Pokémon creatures. Source: Pocket Tactics
The Pokémon Company Explores Web3 Potential with New Hire
The Pokémon Company, a highly profitable entertainment franchise known for producing various products, including video games, trading cards, and animated TV shows, has been a joint endeavor between Game Freak, Creatures, and Nintendo for the last 24 years. Despite its massive success, it appears that the company is considering broadening its horizons by entering the world of Web3.
Logan Paul turned an extremely rare Pokémon card into an NFT.
The job opportunity for the Corporate Development Principal position implies that the chosen candidate will be responsible for offering guidance to the company’s leadership regarding strategy and exploring novel advancements. Additionally, they will oversee the development of an internal “innovation challenge” and assess potential partnerships with external businesses specializing in emerging technologies. The job posting emphasizes the company’s preference for a candidate with strong connections to a network of investors and entrepreneurs in the Web3 and metaverse technology sectors.
The Rise of Web3 and NFTs: Is The Pokémon Company Joining the Fray?
Over the past few years, there has been a surge in the adoption of Web3 technology, with blockchain-based initiatives and non-fungible tokens (NFTs) gaining significant traction. Moreover, NFTs are exceptional digital assets that can be traded on the blockchain. They allow for new gaming models and features.
In response to this trend, developers have attempted to recreate the franchise’s success. Additionally, many have tried to incorporate the monster-battling feature found in the Pokémon video game franchise and other comparable concepts into the Web3 space, yielding varying results. Some attempts have even led to trademark lawsuits. Now, it appears that the corporation is contemplating making its foray into the field.
PokéWorld Web3 game resulted in a trademark lawsuit by The Pokémon Company.
Potential for Blockchain-based Gaming and NFTs
The Pokémon Company’s strategy for entering the Web3 arena is still unknown. It remains to be seen if they will venture into NFTs or develop a blockchain-based game. Nonetheless, it appears that they are eager to investigate the possibilities offered by blockchain technologies and the metaverse. This development holds promise for both Pokémon lovers. Especially as it may soon offer the chance to engage in monster battles on the blockchain.
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