Xbox program executive vice president Phil Spencer addressed the phenomenon of NFT gaming. Some platforms that rely on NFTs feel exploitative, rather than entertaining, to Spencer.

Microsoft's Xbox team lead, Phil Spencer, one of the most prominent executives in the gaming world, has weighed in on NFTs and the inclusion of these elements in today's gaming scene. This first phase of exploration with these tools is about speculation more than entertainment, Spencer believes.

He states: "What I’d say today on NFT, all up, is I think there’s a lot of speculation and experimentation that’s happening, and that some of the creative that I see today feels more exploitive than about entertainment."

Spencer has a great deal of influence over what is published or not in the Xbox Store. The opinions he holds are extremely important. 

Xbox controls one of the world's largest online gaming marketplaces, and it has the power to include or exclude NFT gaming companies and projects from its ecosystem.

Spencer added that, for the time being, some of the things made with NFTs might not be able to be featured in gaming stores. The same opinion was shared by Steam executives last month when they justified a ban on blockchain games on their platform.

Some gaming companies have already incorporated NFT into their games, or will soon do so. His viewpoint could indicate that, at least for the time being, games that use NFTs will have a difficult time being published on the Xbox store.

Despite Spencer's strong statement, he doesn't condemn all NFTs as people are still learning about it.

He adds, “I think anything that we looked at in our storefront that we said is exploitive would be something that we would, you know, take action on.” 

Pavan A

CBW - External Analyst

INDIA