NFTs “Feel More Exploitative Than About Entertainment” – Phil Spencer

Head of Xbox Phil Spencer says that Microsoft isn't currently planning to bring NFTs to gaming, since he feels it's more exploitive than it is about entertainment.

Posted By | On 18th, Nov. 2021

Phil-Spencer

In a recent interview with Axios, head of Xbox Phil Spencer talked about the platform’s plans in the growing NFT sector. During the interview, he said that NFTs currently seem to be more exploitive than they are about entertainment. NFTs (Non Fungible Tokens) are digital assets such as images, videos, and music that can be sold to buyers via a blockchain system.

What this essentially means for games is that in-game items such as collectible cards, unique skins etc. can be sold for real money, and given the fact that every NFT is unique, developers or item owners can demand specific prices for digital goodies. Spencer didn’t completely deny the possibility of using NFTs in gaming, as most parties are still figuring out how to best make use of the technology in the medium.

“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,” he said.

“I don’t think it necessitates that every NFT game is exploitive. I just think we’re kind of in that journey of people figuring it out. 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,” he added. “We don’t want that kind of content.”

Ubisoft and EA are two prominent publishers who already have plans for implementing NFTs into their games. EA wanted to use NFTs in its sports titles, however the FIFA organization’s renewed terms prevent the developer from using the technology in the game.


Tagged With: ,

Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

For Activision To Reform, Bobby Kotick Must Go

For Activision To Reform, Bobby Kotick Must Go

No more excuses. Bobby Kotick should be terminated from his position.

Star Wars Battlefront 3 Pitch Was Rejected by EA Due to Licensing Costs – Rumour

Star Wars Battlefront 3 Pitch Was Rejected by EA Due to Licensing Costs – Rumour

A pitch by DICE for a third Battlefront game was allegedly rejected by EA, with the studio now supposedly work...

Gotham Knights Developer is Seemingly Working on Another Unannounced Game

Gotham Knights Developer is Seemingly Working on Another Unannounced Game

Senior artist Megan Berry's LinkedIn profile suggests WB Games Montreal is working on more than just the upcom...

Mass Effect: Legendary Edition Could be Headed to Xbox Game Pass – Rumour

Mass Effect: Legendary Edition Could be Headed to Xbox Game Pass – Rumour

A recent update to the trilogy's Xbox store listing could be pointing to its addition to Xbox Game Pass in the...

Grand Theft Auto: The Trilogy – The Definitive Edition Patch Fixes Numerous Bugs, Rain in San Andreas, and More

Grand Theft Auto: The Trilogy – The Definitive Edition Patch Fixes Numerous Bugs, Rain in San Andreas, and More

Patch 1.02 has gone live for the game on consoles, as the remastered trilogy begins its long journey down the ...

Halo Infinite Campaign – Worldwide Unlock Timings Revealed

Halo Infinite Campaign – Worldwide Unlock Timings Revealed

Halo Infinite has officially wrapped up development, and 343 Industries has shared the exact timings for when ...