NFT Crypto Art: Exploitation rather than entertainment “: Xbox boss with a clear stance on NFTs in games

NFT Crypto Art: Exploitation rather than entertainment “: Xbox boss with a clear stance on NFTs in games

 

NFT Crypto Art – Is a popular digital asset known as NFTS, which are Nonne Fungible Tokens. NFT Crypto Art can be issued singly or as NFT Collectables which can only be traded but not replaced. Microsoft & Xbox are now venturing into NFT Crypto Art very soon.

In a recent interview, Microsoft veteran Phil Spencer voiced his concerns about the increasing use of NFT Crypto Art assets in games. For him, this has only limited to do with entertainment.

 

“More exploitation than entertainment”: Xbox boss with a clear stance on NFTs in games

 

The Xbox world will not allow itself to be shielded from NFT Crypto Art either. (Image: Microsoft)

On the occasion of an Axios conversation, Xbox boss Spencer expressed concern. He considers the gold rush mood in the market for NFT Crypto Art assets in games to be a creative development. However, it is not necessarily to be assessed positively. In his opinion, much of what is happening in the gaming sector now has more to do with exploitation than with entertainment.

 

Xbox boss Spencer wants to keep the Xbox store safe

 

He does not want to write off the NFT Crypto Art market for games. Rather, the market is currently in a discovery phase in which, of course, a lot is being tried out. Not every speculation, not every experiment, is worthy of support. Microsoft will find a clear line there, he announces.

 

So if his team finds something in the Xbox store that looks more exploitative than entertaining, he'll make sure that action is taken against it, Spencer promises, and it becomes clear: "We don't want this type of content."

 

The future belongs to NFT Crypto Art assets in the Metaverse

NFT assets are one of the megatrends in gaming. NFT, non-fungible tokens, are essentially files whose owners can provide evidence of this ownership. In doing so, they bring the idea of ​​ownership out of the real world, where properties are registered similarly, into virtuality.

 

Especially when it comes to an open metaverse, NFT Crypto Art allows a lot of imagination. So we could move through the metaverse in our digital NFT Crypto Art sports car with our avatars dressed in NFT clothing. A blockchain, currently mostly the Ethereum chain, is responsible for verifying ownership rights.

 

Gaming giants like EA and Ubisoft have already announced that they will be looking into such concepts. Last week a Universal Music label formed a band whose members are NFTS. Graphic elements, music, video, game items, and other digital assets can easily be converted into NFTs. NFT Crypto Art: The possibilities are endless. In the end, NFTs can be used to create a digital copy of the real world - or more creatively: an alternative world.