Last year, Take-Two Interactive's CEO, Strauss Zelnick, wasn't exactly in full support of Web3, a catch-all term encompassing blockchains, NFTs, and cryptocurrencies.
At the time, Zelnick basically described Web3 as speculative at best, saying "losing money on a speculation is not a good experience." Although Zelnick didn't exactly mention Web3 in the company's most recent financial report, a quick look at the presentation proves that Take-Two is thinking about it.
On Page 32 of TTWO's February 2023 Investor Presentation, Web3 is part of the "new business opportunities" the company wants to pursue in the future.
Unfortunately, the presentation didn't go much deeper into this planned investment, suggesting that Take-Two is taking its sweet time researching about the pros and cons of getting into Web3. Keep in mind that several gaming publishers who've ventured into Web3 in the past haven't had the best track record. The likes of Ubisoft and Square Enix have caught flack for their investments in Web3, specifically, NFTs.
