Tech

Phil Spencer thinks NFTs could

Non-fungible tokens, better known as NFThas been one of the hottest topics lately, with numerous groups presenting arguments for and against for expanding their presence to markets. Now, in an interview with Axios, Phil Spencer has delved into his thoughts on the matter.

And it is that the CEO of Xbox assures that, as we already are seeing with the case of some streamers, it is very likely that NFTs will also end up reaching other segments such as video games. Something about what while Spencer himself is not very supportive, Explain:

«What I would say today on NFT, all set, is that I think there is a lot of speculation and experimentation going on, and that some of the creatives I see today feel more exploitative than entertainment. […] I don’t think it is necessary for all NFT games to be exploitative. I think we are on that journey of people who are discovering it. And I can understand that from the beginning you see a lot of things that are probably not things that you want to have in your store. I think anything that we looked at in our store and said that it was exploitative would be something that, you know, we would take action on. We don’t want that kind of content«, Shared Spencer.

However, although Spencer’s opinion is postulated as the opposite, it is important to note that it focuses on the current state of NFTs in games, suggesting that after greater regulation or control of them we could end up seeing Microsoft enter this area. In fact, this It is not the only company in the sector that has applied with respect to NFTsWhile Valve seems to share a similar mindset to Microsoft’s, with the recent ban on all blockchain-based games on Steam.

Meanwhile, others such as Ubisoft, Electronic Arts or Epic Games are in favor of experimenting with them, and we have even seen other attempts such as Discord, frustrated in this case by the great rejection of the community. So it remains to be seen how the plans of the aforementioned companies will materialize and evolve in this particular domain over time.

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