Xbox Boss Phil Spencer Says He's Wary Of 'Exploitative' NFT Game Projects

Head of Xbox Phil Spencer has been commenting about NFTs in an interview with Axios, explaining to the outlet that while he isn't necessarily opposed to the idea of NFT gaming, certain efforts that he's seen feel "exploitative".

"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."

NFTs, or Non-Fungible Tokens, are described by Binance Academy as "a digital, cryptographic token on the blockchain representing a unique item", and can potentially be used in gaming to allow you to buy and sell unique in-game items (which can increase in value). Some have begun describing these types of projects as "play-to-earn titles".

Spencer didn't necessarily draw a line under all NFTs, explaining to Axios that not every NFT game has to be exploitative, and ultimately we're still "in that journey of people figuring it out". However, he went on to state that Xbox doesn't want any kind of exploitative NFT content on its storefront, and would take action if any were to crop up.

What are your thoughts on Spencer's comments about NFTs? Let us know down below.