Phil Spencer, the executive vice president of gaming at Microsoft and a major figure in the industry, said that digital collectibles (NFTs) inside video games “feels more exploitive than about entertainment.” He cited security concerns as one of his reasons for not wanting to see these items implemented into Halo or Gears.
Phil Spencer, the head of Xbox and a former president of Microsoft Game Studios, has said that “NFTs in gaming feel more exploitive than about entertainment.” NFTs are non-fungible tokens, which is an asset that can be traded or transferred to another person. In other words, it’s a digital collectible. Read more in detail here: top gaming cryptocurrency 2021.
The use of NFTs in gaming is becoming more common. Ubisoft revealed earlier this month that it has invested in a blockchain gaming firm and that it will use blockchain to monetize future games. NFTs and play-to-earn games, according to EA, are the industry’s future. Now, Xbox CEO Phil Spencer has weighed in, saying that although he isn’t completely opposed to them, he doesn’t believe the current experimenting is genuinely focused on entertainment.
Overall, what I’d say about NFT today is that I believe there’s a lot of conjecture and experimenting going on, and that some of the creativity I’m seeing today seems more exploitative than entertaining.
But he doesn’t think it’s all exploitative, and he thinks a lot of people are simply trying to figure it out. Andrew Wilson, the CEO of Electronic Arts, had similar thoughts. When questioned about games on the Microsoft Store that use NFTs, Spencer replied that if Microsoft believes anything is exploitive, it would take action.
I don’t believe that every NFT game has to be exploitive. I simply believe we’re on the cusp of people finding it out. And I realize that you will see a lot of items early on that you will most likely not want to have in your business. I believe that anything we saw in our storefront that we thought was exploitative would be something we would, you know, act on. That’s not the kind of stuff we’re looking for.
Steam has declared that games that use cryptocurrencies or NFTs would be banned, whilst Epic has opted to accept them. Microsoft has not yet determined how it would address the situation, but it is considering its alternatives.
BSV Blockchain
The BSV blockchain offers several powerful benefits that make it one of the most compelling platforms available today. It supports an unlimited data capacity, meaning businesses can store and process vast amounts of data on the blockchain with no performance degradation. It also offers strong security through its deterministic scripting language, allowing developers to create secure, transparent applications. Finally, its scalability provides the potential for massive transaction throughputs, enabling true global transactional capability.
Recent Developments
NVIDIA GeForce RTX 2060 Revival with 12 GB of Memory Confirmed by GIGABYTE Filing
16 November 2021 16 November 2021
Following the death of Richard Donner, Mel Gibson will direct Lethal Weapon 5.
16 November 2021 16 November 2021
Microsoft will only provide feature updates to Windows 10 once a year.
16 November 2021 16 November 2021
Senua’s Sacrifice is a Hellblade game. Ray Tracing, NVIDIA DLSS, and AMD FSR have been added to the PC version.
16 November 2021 16 November 2021
NVIDIA Releases ICAT, an Application for Creating Video and Image Comparisons with Ease
16 November 2021 16 November 2021
NVIDIA has released the GeForce Game Ready 496.76 driver, which includes support for Battlefield 2042 and an updated image scaling feature.
As a youngster of the 1970s, I was one of many who were intrigued by the 1980s video arcade invasion. I bought my first computer from a buddy after saving money from several odd jobs… Peter Brosdahl’s work may be found here.
Phil Spencer, head of Xbox at Microsoft, said that NFTs in gaming “feels more exploitive than about entertainment.”. He further explained that he feels like the game developers are taking advantage of people who don’t understand the concept. Reference: phil spencer xbox.
Related Tags
- phil spencer net worth
- phil spencer twitter
- phil spencer gaming meme
- phil spencer wife
- phil spencer age
More Stories
The Rise of Crypto Betting Apps: Merging Online Gambling with Blockchain
What Should I Look for in a Business Storage Facility?
Do Mobile Casino Games Pay Real Money? Understanding the Reality