Xbox head Phil Spencer has finally shared his thoughts on the gaming NFT fad.
Spencer says that he is a little "cautious" about the whole thing, claiming that the field itself still relies heavily on experimentation and speculation, writes IGN.
He further claims that right now, the gaming NFT trend is allegedly "more exploitative than creative," but also expresses that he doesn't think of everything in it the same way.
Lastly, he said that at their current state, non-fungible tokens are a bit too controversial to have under the Xbox umbrella as of the moment.
The Xbox boss made his thoughts known in an interview with Axios, where he was asked about the current trend that's taken the gaming industry by storm. While he's expressed his wariness about the whole thing, he also made it clear that the company isn't drawing a firm line against gaming NFTs as a whole.
For now, the focus of Xbox is not to get into the non-fungible token trend, but to entertain its players, writes GameRant.
That's because the gaming industry itself is still trying to figure out the full potential of these tokens. What Spencer means is that it's way too early to invest in it.
But that doesn't mean big-name game developers and publishers are staying away from it.
As of late, some games such as "Fortnite," "Apex Legends," and "Call of Duty Warzone" are already selling in-game items to players which could technically be classified as NFTs in the future, if somebody wanted to make them as such.
Big Names Getting Into NFTs
Should Xbox eventually consider entering the world of gaming NFTs, they actually won't be the first gaming industry giant to do so.
EA is among these giants. Earlier this month, they claimed to believe that these tokens are an "important part of the future of gaming," reports IGN.
EA CEO Andrew Wilson made it quite clear, saying that the company's reputation of creating digital content that has "real collectible value" could make them a leader in the field.
This digital content he's referring to could very well be things such as the cards from "FIFA Ultimate Team," which is a "FIFA" game mode that allows players to collect cards using a loot box-style system. Something like this can also be applied to certain items such as in-game cosmetics, like those used in "Apex Legends."
Another big industry name buying into the gaming NFT trend is Ubisoft, who's said that blockchain games are important for the company's future.
What's Next For Xbox?
While Phil Spencer remains cautious about NFTs, Xbox is pursuing other ventures as of the moment--namely shoring up their game stable with big-name exclusives such as "Elder Scrolls 6" and "Halo Infinite," to name a few.
There's no telling when Xbox would be more open to the idea, but with the gaming NFT industry growing at a rapid pace, maybe it's only a matter of time.
Related: How to Use a Mouse and Keyboard on Your Xbox--and Which Games to Play With Your New Hardware
This article is owned by Tech Times
Written by RJ Pierce
