Phil Spencer, the head of Xbox, has commented recently on NFTs, calling them “exploitative” and saying he would take action on any scams on the platform.
In an interview with Stephen Totilo for Axios, Phil Spencer explained how he feels cautious about the use of NFTs in gaming. He didn’t draw a firm line against them, but described current efforts as “exploitative“.
In the interview he said “I think there’s a lot of speculation and experimentation that’s happening, and that some of the creative that I see today feels more exploitative than about entertainment“.
He went on to say “I think anything that we looked at in our storefront that we said is exploitative would be something that we would, you know, take action on. We don’t want that kind of content.”
Why Does This Matter?
As one of the biggest companies in gaming, Microsoft would have the ability to boost NFTs more than most. This is a concern to those worried about the environmental impact of NFTs due to how they are created.
There has been a lot of debate over whether NFTs are actually a scam. After recent support from EA and Ubisoft, their introduction in gaming has many people worried. It seems Xbox doesn’t want much to do with them though. While Microsoft hasn’t totally ruled them out, Spencer seems to believe the current state of NFTs isn’t fit for the platform.
According to Axios, “most NFT gaming projects involve the concept of players being able to buy and sell in-game items and land“.
What are your thoughts on NFTs in gaming? Let us know on social media!
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Featured image credit: Microsoft