Xbox boss keen on Metaverse but ‘cautious’ about play-to-earn games #Web3GrandPappa #togrp7

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 Thursday, Spencer suggested that while many gamers are not yet sold on the current concept of a metaverse. Spencer, however, did not address more contentious issues in the Metaverse, such as the concept of owning virtual metaverse property through NFTs. Crypto proponent and billionaire investor Mark Cuban recently slammed virtual property investment as “the dumbest s— ever” due to an apparent lack of utility and scarcity.Web3GrandPappa #mimeXmime

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