Xbox boss Phil Spencer sees potential in NFTs for gaming

Microsoft Gaming CEO Phil Spencer shared new comments on game mechanics and NFTs, saying he feels “cautious” but doesn’t want to give up on any new technology.

Speaking to Bloomberg, Spencer said the “play to win” category gave her a break. She admitted it wasn’t new to the gaming landscape – people have been mining gold for years – but such mechanics built into games represent a new step that requires careful insight, she said.

“Playing to win in particular is something I’m cautious about. This creates a workforce among the players that some players can monetize. To be fair to us in the gaming industry, it has been around for years and years. There have been gold producers, people who literally spend their time doing menial tasks in a game to accumulate money which they can then sell to another rich player for real money, so that person doesn’t have to spend their time. ” he said. “But now you find games that are starting to integrate it into the game economy itself.”

Microsoft’s Minecraft franchise has taken a hard line against win-win game mechanics and NFTs, and Spencer has doubled down on that, saying he doesn’t want Minecraft to get involved in anything “exploitative”. That said, Spencer is not ready to completely wipe out NFTs.

“I think sometimes it’s a hammer looking for a nail when these technologies appear. But the actual use by humans, or the use by players in our case, of these technologies, I think there could be some interesting things, “he said.

Spencer isn’t alone in believing that NFTs and blockchains shouldn’t be wiped out entirely. Former Nintendo of America president Reggie Fils-Aime said the technology behind NFTs and blockchain “is not yet fully proven or sorted” and that there are “scams and bad actors” taking advantage of the situation in this one. moment.

“Of course, there is a lot to prove and the massive loss in value of several platforms in the blockchain environment that we have seen in the past few weeks tells you that this technology is still immature. But in my mind, that’s no reason to put it aside completely and say it can never be anything substantial or valuable, ”Fils-Aime said.

In the same interview, Spencer talked about the real reason Microsoft is looking to buy Activision Blizzard and said it probably won’t be easy to get a new console this holiday. In other news, Sony has raised the price of the PS5 in some markets, but Microsoft has confirmed that it will not do the same for the Xbox.

The products discussed here have been independently chosen by our editors. GameSpot may get a share of the revenue if you buy something featured on our site.

Leave a Comment