Today, Nintendo announced that the Switch will not have a Virtual Console at release, March 3, 2017.

The news comes via a press release, where Nintendo says the following:

"Virtual Console games will not be available on Nintendo Switch at launch. We will share more information in the future."

Additionally, Nintendo also provided insight into how the eShop will work on the console. First, players will need to download a system update, at launch, in order to even access it. According to Nintendo, the system update downloads quickly, and in the background, and is designed to not disturb gameplay.

The eShop also comes packing some new features that will inform people about about the latest additions to the storefront, as well as provide details and information about upcoming games and other updates from Nintendo.

Nintendo also revealed that people can buy digital Nintendo Switch games through Nintendo.com. From here, the games will download at home or on the go, as long as there is a Wifi connection.

Lastly, Nintendo shed some light on how users can share funds across multiple Nintendo devices.

"People who already have funds in their accounts on other Nintendo devices can access them using a shared wallet that works on Nintendo Switch as well. Once they link their Nintendo Network ID and Nintendo Account and then their Nintendo Account to their Nintendo Switch system, this functionality becomes possible."

As mentioned above, the Switch is poised to launch on March 3, 2017 for $299.99 USD.