Phil Spencer Isn’t Sold on NFT Game Plans, Calls Them “More Exploitive” Than Entertaining

NFTs have been a controversial subject this last year. Facing significant criticism for their environmental impact and fraud concerns, that hasn't stopped developers implementing them into their games, despite pushback from industry leaders like Valve.

Others have tried touting NFTs for their "play-to-earn" capabilities, generating "unique" digital items that you'd keep in games. However, as seen in a recent Axios interview, Head of Xbox Phil Spencer isn't convinced by them.

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Phil Spencer Isn’t Sold on NFT Game Plans, Calls Them “More Exploitive” Than Entertaining

Expressing concern over NFTs, Spencer confirmed:

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.

However, Spencer didn't write them off entirely, saying that "I don’t think it necessitates that every NFT game is exploitive." Instead, he believes that "we’re kind of in that journey of people figuring it out." It's reasonable to assume that we're not seeing Xbox related NFTs anytime soon, but we'll keep you informed if that changes.