Phil Spencer
Phil Spencer, Xbox CEO

NFTs are becoming more popular in the gaming industry. With major publishers such as EA and Ubisoft putting money into the fluctuating and potentially dangerous cryptocurrency market. Xbox Head, Phil Spencer, recently shared his thoughts about this topic on Axios.

Non-fungible tokens (NFT) are non-transferable data units that are kept in a digital ledger. Assets such as photos, music, and even in-game objects can be sold to specific “owners” who can be validated via blockchain technology.

“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, I don’t think it necessitates that every NFT game is exploitive. I just think we’re kind of in that journey of people figuring it out.”

-Xbox’s Phil Spencer raised alarm about the movement in an interview with Stephen Totilo for Axios.

Screengrab Courtesy of IGN Games via YouTube
“I think anything that we looked at in our storefront that we said is exploitive would be something that we would, you know, take action on, We don’t want that kind of content.”

The Xbox boss stated in a new GQ interview published on Monday that Microsoft is pressing him about succession planning.

“You should do it when you think about long-term health of the team. To make sure the team is in a good place.  That the company’s culture is in a good place. And that we’re making the right decisions on who to bet on. That has got to outlive me.”
“Clearly, as somebody who has been here for 33 years. I have more years behind me than ahead of me,” he told GQ. “But the longevity of this team, the sustainability of this team. there’s nothing that’s more important to me right now than that.”

This is the most recent piece of information to emerge with Xbox’s Boss in honor of the company’s 20th anniversary.

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Loves to play DotA, LoL, and ML. Finished almost all FF series and enjoys playing MMORPG. Jhimlerry is also a former vocalist/bassist of a local band in the Philippines.