Sony Issues its Intent to Expand into Metaverse Gaming

Sony has announced their intent to expand into the world of virtual reality and blockchain-powered games, as well as a new business line exploring opportunities in decentralized gaming.

Last week, Sony hosted its annual Corporate Strategy Meeting, during which it announced its intention to increase its Web3 efforts. In a reference to the famous battle royale game Fortnite, the company’s CEO Kenichiro Yoshida said that the company’s major goal of metaverse growth is to create new gaming experiences for its audience. 

According to a press statement following the conference, the firm plans to create new entertainment experiences in the metaverse by using the unique qualities afforded by its diversified industries and expertise in gaming technology. It has a large portfolio of companies, including PlayStation, Sony Pictures, and Sony Music, all of which have contributed to Fortnite’s battle royale format’s ever-interactive and commendable dynamics. 

Yoshida defined the metaverse as a “social space and live network space where games, music, movies, and anime meet,” continuing to allude to areas of Web3 innovation in which the firm already has a foot in the door inside Web2 settings. He also mentioned that it is a gathering area where individuals can share ‘time and space.’

Although Sony has yet to reveal any metaverse-specific products, services, or technology, a logical takeaway from the meeting is that the company will diversify its metaverse expansion by leveraging all of its multimedia divisions to create interactive experiences that tie all aspects of its existing businesses and expertise together.

Despite this, the business did indicate that it is working on a ten-part series of live games in collaboration with Bungie, the creators of the blockbuster game Destiny.  

 

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