Metaverse News

CEO Microsoft Gaming Phil Spencer Understands Why Some Players Dislike The Metaverse

CEO of Microsoft Gaming Phil Spencer asserted that gamers have been part of the metaverse for at least 30 years, but acknowledged that some people may still be wary of it.

CEO Microsoft Gaming Phil Spencer Understands Why Some Players Dislike The Metaverse

Speaking with Bloomberg Studio 1.0 on Friday, he suggested that gamers don’t “get” the metaverse because the technologies proponents claim as novel are ones they have experienced in games for years.

“It’s not at all surprising to me that gamers might look at metaverse and think… I already have an avatar of myself, I can already go into a shared world and I can already have voice conversations” he said.

Additionally, he stated that he was “suspicious” about some trends, such as play-to-earn, because they turn users into a “workforce for select players to monetize.”

The usage of play-to-earn and NFTs in blockchain games has drawn criticism from Phil Spencer in the past, and Microsoft has made it clear that “exploitative” initiatives cannot be run on its platforms.

Microsoft-owned Mojang Studios revised its community guidelines for Minecraft in July to forbid the use of the platform by projects involving NFTs. The metaverse platform NFT Worlds, which was compelled to stop using Minecraft as the foundation of its virtual world, took a hit as a result of the decision.

Phil Spencer acknowledged that player-to-player monetization occurs

CEO Microsoft Gaming Phil Spencer Understands Why Some Players Dislike The Metaverse

“There have been gold farmers, people who literally just spend their time doing some menial task in a game to accrue some currency that they can then sell to some other rich player for real money, so that person doesn’t have to spend their time… But now you find games that are starting to build that into the economy of the game itself” he said.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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