Bandai Namco Metaverse Will Connect Fans

Bandai Namco Entertainment has announced it will spend $130 million building a metaverse — a fancy name for a virtual world — for each of its future IPs. The company wants to connect with its fans and business partners through the company. First reported by Video Games Chronicle, Bandai Namco outlined its plans with shareholders on Tuesday, stating that its “IP axis strategy” will enable customers “to enjoy a wide variety of entertainment on an IP axis, as well as frameworks that utilize of Bandai Namco’s distinctive strengths to combine physical products and locations with digital elements.”

What Bandai Namco Metaverse Means?

“Through the IP Metaverse, we will establish communities among Bandai Namco and fans, as well as among fans themselves,” explains Bandai Namco. “Through these communities and content, we are building deep, broad, multifaceted connections that last for a long time, and we will focus on the quality of those connections. In this way, we will work to maximize IP value in the medium to long term.”

Building this metaverse will be a core part of Bandai Namco’s business strategy for the next three years. The $130 million (¥15 billion) will be used to build the data foundation and build content for the metaverse. The company hasn’t said what kind of content it has planned, but more will be revealed in due course.

In other news, Battlefield 2042 players are so dissatisfied that they are requesting a full refund. And in case you missed it, the PS5 and PS4 are both getting software betas today that focus on new voice commands and community-requested Open Parties feature. Please note that, like the latest software beta, it will be limited to select participants in the US, Canada, Japan, UK, Germany and France. We will update our readers when the update is widely rolled out.

[Source: VGC]