Skip to content
Pyrupay

Pyrupay

Cryptocurrency | ICO | IEO | Entrepreneur Blog

  • Updates
  • Press Release
  • ICO/IEO List with Us
  • Newsletter
  • Crytpo Rates
  • Toggle search form
  • SBF Took $546M Loan From Alameda to Buy Robinhood Shares Updates
  • SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler Updates
  • NFT Projects DeGods, y00ts to Leave Solana for Ethereum and Polygon Updates
  • Kazakhstan Shuts Down Over 100 Crypto Mining Farms Updates
  • Warner Bros. to Launch Hybrid Physical and Digital DC Comics-Themed NFT Trading Cards Updates
  • Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low Updates
  • Federated Learning Consortium (FLC) for Decentralized AI to Launch in Hong Kong, Led by Phoenix and APEX Technologies Updates
  • Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas Updates

Xbox Boss Phil Spencer Calls Today’s Metaverse a ‘Poorly Built Video Game’

Posted on October 28, 2022 By Sathya Shankar

Sergio Goschenko

Xbox Boss Phil Spencer Calls Today’s Metaverse a ‘Poorly Built Video Game’

Phil Spencer, CEO of gaming at Microsoft and head of Xbox, directed some criticism at the idea of the metaverse and how it is being executed. Spencer remarked that for him, the current metaverse is a “poorly built video game,” but also that the sector was still in its early stages and will surely evolve.
Phil Spencer Blasts Today’s Metaverse
While the still unclear concept of “the metaverse” has been harnessed by several companies that want to leverage the advantage of being pioneers in an industry, other important personalities have criticized the current sector. Phil Spencer, head of Xbox at Microsoft, blasted today’s metaverse technology during the WSJ Live Convention, noting that it was still unpolished.
About today’s metaverse, Spencer stated:
It’s a poorly built video game.
Many interpreted this statement as an indirect jab at Meta, which has been criticized before due to the poor graphics its flagship metaverse app Horizon Worlds presented compared to modern video games. Spencer elaborated later on his remarks, explaining that “video game creators have an amazing ability to build compelling worlds that we want to go spend time in; building a metaverse that’s like a living room is not how I want to spend my time.”
However, Spencer does not count out the concept of the metaverse just yet. To the executive, it is still the early days of the industry, and he believes that the metaverse will evolve to become like current video games.

Spencer’s Previous Metaverse Criticism
This is not the first time that Spencer has voiced skepticism about the buzz surrounding the current concept of the metaverse. In August, Spencer explained that for him, the metaverse was nothing new and that it had more than 30 years in the making, including 3D games as part of this technology. He also said that play-to-earn (P2E) models were a “hammer looking for a nail.”
In the same way, Spencer has rejected the NFT (non-fungible token) gaming model, calling it exploitive and filled with “speculation and experimentation.” In January, Microsoft revealed the acquisition of Activision Blizzard for $68.7 billion, stating that gaming would “play a key role in the development of metaverse platforms.”
Bitcoin.com News also recently reported that Microsoft was working on bridging more technologies like Microsoft Cloud with metaverse apps, to serve as the artificial intelligence and analysis layer for various applications.
What do you think about Phil Spencer’s take on the metaverse? Tell us in the comments section below.

Updates Tags:Bitcoin, BTC, Cryptocurrency, ETH

Post navigation

Previous Post: LD Capital Founder Jack Yi Gave a Keynote Address at BWB 2022 in South Korea: Opening of a New Era of Web3
Next Post: UK Closes Crypto Platform PGI Global for Defrauding Investors With Over $700,000

Related Posts

  • Biggest Movers: RUNE Rallies to Start the Week, as SAND Extends Recent Gains Updates
  • Former Exchange CEO Mark Karpeles Reveals Plans to Airdrop NFTs to Mt Gox Customers Updates
  • EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy Updates
  • Ethereum Shapella Upgrade: Bug Bounty Doubled to $500k Updates
  • Polygon Launches zkEVM Testnet Updates
  • ERTHA Listing on ByBit Updates

Like Us On Facebook

Facebook Pagelike Widget

Like Us On Facebook

Facebook Pagelike Widget

Recent Posts

  • Disney Scraps Metaverse Division as Part of Restructuring Plan: Report
  • Fed Bank President: Banking Crisis Tips US Economy Toward Recession
  • Sam Bankman-Fried Bribed Chinese Officials With $40 Million, Alleges DOJ
  • UK Treasury Drops Plans to Launch NFT, Keeps Proposal Under Review
  • Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status

Recent Comments

  • Sathya Shankar on Cryptocurrency Prices Today On June 21: Bitcoin, XRP, Binance Coin
  • binance bkstg angellist bitcoin on Cryptocurrency Prices Today On June 21: Bitcoin, XRP, Binance Coin

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • August 2021
  • July 2021
  • June 2021
  • May 2021

Categories

  • Currency
  • Press Release
  • Updates

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Like Us On Facebook

Facebook Pagelike Widget

News

  • Argentine Inflation Skyrockets to Almost 80% YoY as Crypto Adoption Grows Updates
  • Sam Bankman-Fried: “I Never Tried to Commit Fraud” Updates
  • Technical Analysis: Cosmos Down 10%, as ANC Extends Recent Gains Updates
  • Will Bitcoin Fall to $13,800? — What an 80% Drawdown Will Look Like From Here Updates
  • Bitcoin, Ethereum Technical Analysis: ETH Back Below $2,000, BTC Down 6% to Start the Weekend Updates
  • Why Coinbase Won’t End Up Like FTX: Brian Armstrong Updates
  • Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining Updates
  • Goldman Sachs Urges Investors to Buy Commodities Now — Expects Equities to Suffer as Inflation Stays Elevated Updates

Copyright © 2023 Pyrupay.

Powered by Pyrumas