Xbox Chief Remains Skeptical of Gaming NFTs Despite Ubisoft, EA, Square Enix Showing Their Support
DailyCoin
Published Nov 19, 2021 09:06AM ET
Updated Nov 19, 2021 09:31AM ET
Xbox Chief Remains Skeptical of Gaming NFTs Despite Ubisoft, EA, Square Enix Showing Their Support
Crypto gaming options keep highly rotating in all types of media. September was the month of nonacceptance after Steam’s announcement that it would be banning all games involving crypto and NFTs from its digital store. In Contrast, the Epic Store soon welcomed all those abandoned.
Soon after, Mark Zuckerberg shook the crypto world with his announcement of Facebook’s rebrand to Meta, and their foray into building a metaverse, similar to what we have in Decentraland and The Sandbox. In the wake of this news, two things happened: gaming coins skyrocketed, leading to such titan gaming studios as Ubisoft, EA, and Square Enix to come out in support of blockchain as a gaming technology with their positive views.
Recently, Executive Vice-President of Gaming at Microsoft (NASDAQ:MSFT), and thereby Head of Xbox, Phil Spencer expressed his thoughts on blockchain in the future of gaming. Indeed, he admitted that NFTs are both experimental, as well as speculative, so he remains cautious of them. So far, Xbox has no plans to push for their implementation into the Xbox ecosystem.
“What I'd say today on NFT, all up, is 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 exploitive than about entertainment.”
Why You Should Care?
We are now experiencing discrepancy in the sentiments of the gaming world. Half of the biggest gaming studios appear eager to implement the blockchain technology, while the other half remain skeptical at best. As we know, mass adoption greatly depends on the events that transpire day to day.
Read more about these events here:
Weekly Crypto Gaming News – Steam, Epic, Ubisoft, Animoca Brands, My Neighbor Alice, Dreams Quest, Ethermon
Japanese Gaming Giant Square Enix Plans to Bring NFTs to the Masses. The Best JRPG on Blockchain May Soon Come
Weekly Crypto Gaming News – Valve, Steam, GameStop (NYSE:GME), Halloween NFTs, GAMEE’s Arc8 on iOS and Android, Thetan Arena on PC
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