While Phil Spencer, head of Xbox, has positive views on the metaverse, P2E (play-to-earn) is wary of crypto games due to their economic and speculative aspects. Speak to Bloomberg host Emily Chang on Aug. 25 Spencer, while most players aren't convinced of the metaverse concept yet, chances are they've basically played in the metaverse for decades:
"My view of the metaverse is this: These players have been in the metaverse for 30 years. If you're playing World of Warcraft or Roblox, you're playing in a shared world where everyone is in."
According to Phil Spencer, head of Xbox, the metaverse is a "3D shared world" where people can freely communicate and interact with each other for shared experiences and shared goals. Spencer's comments echo Microsoft CEO Satya Nadella.
Speaking to Bloomberg in November, the executive said that it is entirely expected that companies will turn to metaverse play:
"You're going to think of Halo as a game, it's a metaverse. Minecraft is a metaverse, and so is Flight Sim. It's 2D in a way today, and the question is whether we can bring them into a fully 3D world. We definitely plan to do that."
Phil Spencer, head of Xbox spoke much more timidly about blockchain-based P2E (play-to-earn) games. While Spencer acknowledges that games have been monetized for years, he is concerned that games are filled with service tasks entirely focused on making digital money. Still, the CEO doesn't rule out the possibility that apart from monetization, P2E (play-to-earn) could also be an interesting use case.
"P2E is something I'm cautious about. It allows certain players to monetize by creating a workforce of players."