As much as blockchain games are becoming mainstream and showing no sign of slowing down, Phil Spencer (Head of Xbox and CEO of Microsoft Gaming) thinks that play-to-earn games make players play the game just because of the money.
In an interview with Bloomberg, Phil Spencer was asked what he thought about crypto in general, and when this topic came up, Phil said the following:
“Play-to-earn specifically is something I’m cautious about… It creates a workforce out of players, for certain players to kind of monetize.”
“Now, to be fair for us in the games industry, this has existed for years and years. There have been gold farmers, people who literally just spend their time doing some menial task in a game to accrue some currency that they could then sell to some other rich player and for real money so that person doesn’t have to spend their time. But now you find games that are starting to build that into the economy of the game itself.”
Phil Spencer
In the interview, Spencer referred to Mojang’s statement about banning NFTs from Minecraft. Currently, XBOX thinks that NFTs are “exploitative,” but they “may” have a better use case in the future.
He then went on to continue the statement about banning NFTs in Minecraft, saying that the platform found that players were using the technology against the terms and conditions.
“I think sometimes it’s a hammer looking for a nail when these technologies come up. But the actual human use – or player use, in our case – of these technologies, I think there could be some interesting things,” Spencer explained.
According to the boss, NFTs are in the experimental phase and can have good usage.
When it comes to blockchain games and NFTs, he argues that the metaverse is not a new concept. “Gamers have been in the metaverse for 30 years,” Spencer said. (because games do offer 3D environments identical to the metaverse of today.)
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