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Cryptocurrency News

Xbox boss keen on Metaverse but ‘cautious’ about play-to-earn games

08/26/2022

Less than a minute

2022.08.26 11:38

Phil Spencer, the head of Microsoft’s gaming company Xbox is optimistic about the Metaverse but remains “cautious” about play-to-earn (P2E) crypto games due to its economic and speculative aspects.

Speaking with Bloomberg anchor Emily Chang on Aug. 25, Spencer suggested that while many gamers are not yet sold on the current concept of a Metaverse, according to his definition, they have essentially been playing in Metaverse worlds for decades: