Regarding NFTs, Phil Spencer, Microsoft’s head of gaming, told Axios, “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.”
In practice, some “play to earn” NFT games are a bit exploitive. There’s a lot of in-game purchasing and trading of virtual stuff. That said, Microsoft has a massive gaming marketplace. Many of the most popular games already have in-game virtual currencies that could easily find their way to DeFi marketplaces. And, of course, Microsoft could leverage its position in the gaming industry to dramatically amplify the value of any NFT project. However, decentralized financial models that reward users (as opposed to a central authority such as Microsoft) don’t lend themselves to the financial structure of publicly traded companies (such as Microsoft). Hummm…
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