Monday, May 16th, 2022

Xbox Phil Spencer weights game NFTs

Non-fungible tokens, or NFTs, are prominently prominent online. There is an entire community of NFT enthusiasts on the Internet, but some are cautious about new technologies. Phil Spencer on the Xbox now feels more exploitative than creative.

so Interview with Axios, Spencer says he is cautious about how NFTs are currently considered in the game. “I think everything I say in NFTs today is a lot of speculation and experimentation, and I feel that some of the creatives I see today are more exploitative than entertainment.” Spencer explained.

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Spencer further revealed that while I don’t think all NFT games are exploitative, the space is still new and people are traveling to understand it. He also understands that the early controversy over NFTs in games isn’t necessarily the desired aspect of the Xbox store.

“I think everything we see at the storefront that is exploitative will be what we do,” Spencer added. “We don’t want such content.”

NFTs are sweeping the world and are already sneaking into the gaming ecosystem. Last month, Steam announced a policy banning games that use blockchain technology that allows NFTs and cryptocurrencies, but Epic Games has adopted them because it complies with relevant laws.

Major publishers such as EA and Ubisoft have also decided to welcome NFTs. EA believes that NFT technology will play an important role in the future of the game, and Ubisoft plans to create blockchain games.

George Jan is a freelance writer for IGN. Follow him on Twitter @ yinyangfooey