Xbox’s Phil Spencer comments on NFT Games
Microsoft’s executive vice president of gaming Phil Spencer commented on whether Xbox will delve deeper into NFT games in the future.
In recent times Xbox Celebrating 20 years, Phil Spencer spoke to several news outlets about the future of Xbox. In an interview, Phil Spencer spoke quite candidly about the possibility of Xbox digging into NFT games.
Stephen Totilo from Axios recently revealed Spencer’s comment on how Xbox intends to handle NFT games now as they are emerging in the industry. Spencer doesn’t deny that Xbox is looking into NFT games, but says that implementing them into the Microsoft store could feel exploitative. Spencer also confirmed that anything Xbox considers exploitative of its fans is not welcome on its storefront or platforms.
NFTs are also known as non-fungible tokens and they have been bought and sold online at different rates. NFT games are also blockchain-based, and players typically create and spend crypto on pre-existing NFTs. Many of these games are currently either pay-to-play or play-for-money, with some requiring a purchase before a player can start the game. Although titles like Dead by daylight was criticized on NFTs, the studio behind the survival horror title has denied the allegations.
While Phil Spencer isn’t staunchly opposed to Xbox delving into the NFT, it’s clearly something Xbox has considered and doesn’t see a reason to get in too soon. Spencer suggests that Xbox is more interested in entertaining the player base than getting in on the NFT boom too soon. “I don’t think every NFT game needs to be explored,” said Phil Spencer. And I can understand that early on you see a lot of things that are probably not what you want in your store.”
According to Phil Spencer, the game industry is still on a journey to discover the true potential of NFTs and developers are still figuring out how to properly implement them into games. Because cosmetic items already exist in the game, it can be more about adding some amount of value to skins, weapons, etc. Some games, such as Apex Legends, Fortnite, and Call of Duty Warzone, now sells cosmetic items to players that could in the future be NFTs that the player owns and can then sell to other players who find the cosmetic item more valuable.
While Xbox may not be interested in NFT games at this time, Ubisoft recently confirmed that it is looking at blockchain games similar to NFT games. Steam also banned NFT games from its platform in October, preventing any new games from being added and removing the existing library of NFT games. While Ubisoft has confirmed their interest in NFT games, unlike Xbox, it’s currently unclear how the publisher plans to implement them in future titles.
The gaming industry is among those looking to explore the true potential of NFT, with retailers and Twitch broadcasters trying to monetize the concept. Some Twitch streamers such as Mizkif also declined NFT sponsorship in an attempt to remain honest with their audience. It remains to be seen whether or not Xbox and Phil Spencer coming up with NFT games that don’t feel beneficial to the Xbox ecosystem.
The source: Axios
Continue reading
About the author
https://gamerant.com/xbox-phil-spencer-nft-games/ | Xbox’s Phil Spencer comments on NFT Games
