.jpg "Xbox’s Phil Spencer Thinks NFTs Are A Form Of Exploitation Rather Than Entertainment")
Xbox will not be hopping aboard the NFT bandwagon.
It's staggering to look at where video games are now compared to 30, 20, even just ten years ago. It's also exciting to imagine where the industry is going and where it will be a few years from now. The latest generation of consoles is only a year old and there's no telling what else there is to come from PlayStation and Xbox. One thing we do know is the latter won't be getting caught up in any NFT hype, at least not yet.
Xbox boss Phil Spencer was asked about NFTs during an interview with Axios's Stephen Totilo, and his answer was a breath of fresh air amid a landscape of increasing support for the tokens. “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,” Spencer said.
