September 26, 2022

Xbox boss Phil Spencer mentioned he’s “cautious” about “play to earn” video games the place gamers can earn crypto and NFTs as they play.

Throughout an interview with Bloomberg, Spencer was requested what he thinks about cryptocurrencies, with interviewer Emily Chung noting that “play to earn is all the fashion proper now.”

“Specifically, taking part in to earn cash is one thing I’m cautious of,” Spencer replied. “It creates a workforce of gamers in order that sure gamers can form of monetize.”

He added, “To be truthful to us within the video games trade, this has been round for years. There have been gold miners, individuals who actually simply spend their time doing a little menial work within the recreation with the intention to accumulate some foreign money which they will then promote to another wealthy participant for actual cash in order that individual does not should waste their time. [doing it themselves].

“However now you are going to discover video games which can be beginning to construct that into the financial system of the sport itself.”

Spencer additionally referred to Mojang’s assertion final month that it might not enable NFTs for use in Minecraft. The Xbox studio has acknowledged that it considers NFTs to be “exploitative” of their present use, however that the underlying expertise could in the end serve a greater objective.

“We made some feedback in Minecraft about how we view NFTs on this house as a result of we noticed individuals doing what we thought was exploitative in our product — we mentioned we did not need that,” Spencer defined.

“Generally I feel that when these applied sciences seem, it is sort of a hammer searching for a nail. However the precise use by individuals – or gamers, in our case – of those applied sciences, I feel, may very well be one thing fascinating.”

Spencer made headlines final yr when he voiced his issues about NFT, saying he thought of the expertise exploitable in its present state.

Talking to Axios final November, he mentioned: “What I want to say right now about NFT is that I feel there’s lots of hypothesis and experimentation occurring and that among the creatives that I see right now appear extra exploitative. than about leisure.

He added: “I do not suppose each NFT recreation must be exploitative. I simply suppose we’re form of on this journey of individuals figuring it out. I feel something we noticed in our store window that we referred to as exploitative can be one thing we’d do. We do not want that form of content material.”

Spencer additionally instructed Bloomberg that he expects there to be “much less and fewer” platform-exclusive video games sooner or later, and that he “feels good” in regards to the probabilities that Microsoft’s proposed take care of Activision will get accepted.