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Head of Xbox expresses optimism for the metaverse

by Vaibhav
August 26, 2022
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Xbox CEO Phil Spencer told Bloomberg Technology that gamers have been in the metaverse for the past 30 years.

Most games today, from World of Warcraft and Roblox to racing sims, offer a 3D, social world, he says.

“It doesn’t surprise me at all that gamers don’t understand the essence of the metaverses. After all, we already have our own avatar, and we can go to the common world and communicate with people from anywhere by voice, ”said the Xbox top manager.

Spencer expressed interest in the development of virtual worlds, but called for caution in the Play-to-Earn segment due to speculation in the NFT market.

In January, Microsoft, the owner of Xbox, announced that it had bought video game developer and publisher Activision Blizzard for $68.7 billion.

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The company said the acquisition will “provide the building blocks to create the metaverse.” The deal is expected to close by June 30, 2023.

Previously, billionaire Mark Cuban called the “stupid” idea of ​​​​acquiring land, mansions and other real estate in virtual worlds.

In August, Trend Micro experts said that the development of the metaverse will lead to the spread of traditional cyber threats in them and the emergence of new ones.

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Xbox CEO Phil Spencer told Bloomberg Technology that gamers have been in the metaverse for the past 30 years.

See also  Lawyers criticized Gensler for hints about the status of the crypt

Most games today, from World of Warcraft and Roblox to racing sims, offer a 3D, social world, he says.

“It doesn’t surprise me at all that gamers don’t understand the essence of the metaverses. After all, we already have our own avatar, and we can go to the common world and communicate with people from anywhere by voice, ”said the Xbox top manager.

Spencer expressed interest in the development of virtual worlds, but called for caution in the Play-to-Earn segment due to speculation in the NFT market.

See also  Retail investor interest in BTC has waned

In January, Microsoft, the owner of Xbox, announced that it had bought video game developer and publisher Activision Blizzard for $68.7 billion.

The company said the acquisition will “provide the building blocks to create the metaverse.” The deal is expected to close by June 30, 2023.

Previously, billionaire Mark Cuban called the “stupid” idea of ​​​​acquiring land, mansions and other real estate in virtual worlds.

In August, Trend Micro experts said that the development of the metaverse will lead to the spread of traditional cyber threats in them and the emergence of new ones.

Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.

Found a mistake in the text? Select it and press CTRL+ENTER

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