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Phil Spencer, Xbox Boss, Addresses Rise in NFT Gaming; Feels Some Is “Exploitive”

phil spencer

Phil Spencer is the executive vice president of Microsoft gaming and responsible for the Xbox program. He has spoken out about the NFT gaming phenomenon that has been trending lately. Spencer feels that some platforms that use NFTs are more exploitative than entertaining. NFT elements have been suggested by some of the most prominent publishers and developers in the gaming industry.

Phil Spencer not immediately supportive of NFTs

Phil Spencer is responsible for Microsoft’s Xbox program and one of the most well-known executives in the gaming industry. He has expressed his opinions about NFTs, and the inclusion these elements in today’s gaming scene. Spencer said that the first steps in exploring these tools with them are platforms that are more about speculation and entertainment. On the subject, Spencer told Axios:

Whatever I have to say about NFT today is that there’s a lot more speculation and experimentation going on and that some creative I see today feels more exploitative than it does entertainment.

Spencer’s opinion is extremely important because he has a lot of influence over what’s published in the Xbox Store, which is one of the largest marketplaces in gaming. This could lead to games that use NFTs not being published in the Xbox storefront.

Not Ready to Stores

Spencer reaffirmed his views and said that there may be things that were created using NFTs at this point that are not allowed to be sold in gaming stores. This is the same opinion that executives from Steam, the biggest PC gaming marketplace, put forth to justify a ban on blockchain games from its platform last month.

But, other gaming companies have already begun to integrate NFT elements into their games or are planning to do so soon. Square Enix, Electronic Arts, and Ubisoft are in this group, with Ubisoft even investing in native blockchain gaming companies like Animoca Brands, the operators of The Sandbox, one of the leading NFT metaverses.

Spencer stressed:

I can see that you will see a lot of things early on that you may not want in your store. Anything that we saw in our storefront and deemed to be exploitive, I believe, would be something we would take action on.

What do you think about the statements of Phil Spencer regarding NFT games? Comment below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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