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Xbox Boss Worried About Using NFTs in Games

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Microsoft head of games Phil Spencer is being cautious about the real role of games based on non-fungible tokens (NFTs). He hasn’t completely ruled out the possibility of Xbox using NFTs in the future. However, he expressed concern about alleged “exploitation” of these games.

Spencer gave the statements mentioned during a recent interview with Stephen Totilo for the Axios portal:

“What would I say today is that I think there is a lot of speculation and experimentation going on. And that some of the creative projects I see today feel more about exploration than entertainment,” he said.

Considering that the creator of Xbox commands the marketplace that involves many games available to console owners, Spencer’s opinion is, in a way, relevant to an eventual entry of NFTs in the “traditional” games market.

NFTs are a growing trend in the gaming industry, with industry heavyweights investing in the cryptoactive market.

Xbox will adopt NFTs?

However, as said, Spencer is not completely skeptical about games that use tokens:

“I don’t think it’s necessary for all NFT games to be exploitative. I just think we’re at that stage where people are discovering this. I can understand that, at first, you see a lot of things that you probably wouldn’t want to have in your store.”

Then he went back to talking about the games he considered “explorers”, emphasizing minimum tolerance for them:

“I think anything that we saw in our store that we felt was ‘explorer’ would be something that we would take action on,” he added. “We don’t want that kind of content.”

Games and NFTs

But it’s not just the Xbox executive who is watching the growth of games with NFTs.

Recently, as reported by CriptoFácil, Steam, the famous game trading platform, banned all blockchain games, with NFT trading and cryptocurrencies.

Shortly thereafter, in response, Epic Games announced that their marketplace would accept play-to-earn NFT games.

In addition to Epic Games, EA, Square Enix, Sega and Ubisoft are eyeing the segment and intend to implement the use of NFTs in their games in the future.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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