Xbox Chief Remains Skeptical of Gaming NFTs Despite Ubisoft, EA, Square Enix Showing Their Support

Head of Xbox, Phil Spencer expressed his thoughts on blockchain in the future of gaming.

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, 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, Halloween NFTs, GAMEE’s Arc8 on iOS and Android, Thetan Arena on PC

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Nazar Kuzmyn

Nazar Kuzmyn is an audience editor at DailyCoin, responsible for SEO aspects of the publication, long-form content, and the daily newsletter. He has experience in marketing copywriting and journalism, and his educational background includes a Bachelor's in International Relations and a Master's in Journalism and Media Industries. He currently lives in Vilnius, Lithuania, and enjoys attending live concerts and playing indie video games in his free time.