Xbox Executive Phil Spencer on Metaverse

Xbox Executive Phil Spencer on Metaverse

Play To Earn Games | 08 May 2024 12:27 UTC

Xbox Executive Phil Spencer on Metaverse and how Metaverse can Learn from Video Games.

In a recent interview with media, Phil Spencer shared thoughts on the metaverse and how Xbox is keeping up with the trend. According to Spencer, the core idea behind the metaverse is to enhance and strengthen the connection between people.

Xbox Executive Phil Spencer on Metaverse - Video Games
Xbox Executive Phil Spencer on Metaverse - Video Games

To understand the concept, we have to go back to the olden days when gamers used to play on arcades in a single room. The presence of family and friends playing video games in a single room had a strong element of connection.

This is what we lost when video game consoles reduced the gamers to their homes. This is where the sense of longing for community sprouted and multiplayer games made way to the gaming scene.

Xbox Executive Phil Spencer on Metaverse

The idea of the metaverse is somewhat identical to what the video game industry has already gone through. According to Spencer, the metaverse is an extension of what the video game industry has been doing all along.

Video games have already taught that by putting players in a virtual space you achieve a level playing field with a strong sense of unique identity which is a player’s username.

Moreover, people come into gaming to join hands, coordinate and cooperate to work together to achieve a common goal. Spencer said, “We look at these virtual spaces, and some of the things that we’ve learned in video games of people coming together to cooperate together, to achieve tasks.”

This is exactly what Zoom and other work-related virtual spaces are doing. This is something that companies and tech giants have taken inspiration from the video games for their work on the metaverse.

Xbox Executive Phil Spencer on Metaverse
Xbox Executive Phil Spencer on Metaverse

In addition, the pandemic also propelled the idea and gave lessons to businesses around the world.

Metaverse is on the cards for many big companies, especially Mark Zuckerberg, Meta. However, video game companies are already way ahead in the race of metaverse.

Microsoft’s Minecraft and Halo are glaring examples of the successful metaverse.

Moreover, games like Fortnite and Roblox have also created successful virtual worlds which are no less than a prototype for a metaverse.

Gaming News Of Video Game Consultant;

Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain based video games and its transactions and payments in the games.

Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.

If you want to stay up-to-date of my daily game news, then follow me on Google News.

Want to stay updated about Play-To-Earn Games?

Join our weekly newsletter now.

See All
Dogecoin, Pepe Lead Volume Spike, Shiba Inu Trails Behind

Dogecoin, Pepe Lead Volume Spike, Shiba Inu Trails Behind

The Landscape of meme coins: A world Where Fun Meets Investment The world of cryptocurrency is much like the vast expanse of the universe – ever-expanding and full of surprises Within this digital cosmos, meme coins hold a special place, much like the colorful comets that brighten the night sky, offering both amusement and the promise of treasure to those who dare to explore Recently, the meme coin market has been awash with green, indicative of gains across several notable digital assets, including Dogecoin (Doge), pepe coin (pepe), shiba Inu (SHIB), and dogwifhat (WIF) Let's dive into this vibrant world and see what's captivated the interest of investors Recent Performance of Leading meme coins A standout in the recent surge is dogwifhat (WIF), which saw a 6% increase, making it the top gainer among its peers...

Read more
DeFi Newbie Amasses $200K in a Day with BNB and LTC Whales Investing

DeFi Newbie Amasses $200K in a Day with BNB and LTC Whales Investing

The New Kid on the Blockchain: A Glimpse into DTX Exchange's Remarkable Journey As the decentralized finance (DeFi) landscape continues to evolve, fresh and innovative projects are emerging that are capturing the interest and wallets of investors around the globe Among these rising stars, DTX Exchange shines brightly, having recently announced a jaw-dropping $200K fundraising achievement within a single day This significant influx of funds, primarily from prominent binance coin (BNB) and Litecoin (LTC) investors, has sent a wave of excitement and optimism throughout the crypto community The binance coin Auto-Burn: A Strategic Move with Subtle Gains The crypto world is always buzzing with strategies aimed at enhancing value and investor confidence Taking a page out of this playbook, the BNB Foundation implemented its 28th quarterly auto-burn, resulting in the obliteration of BNB tokens worth an estimated $971 million...

Read more
Illuvium: Highly Anticipated Ethereum-Based Games Now Available on Epic Store

Illuvium: Highly Anticipated Ethereum-Based Games Now Available on Epic Store

Welcome to the Future of Gaming: Where Fantasy Meets Blockchain The realm of gaming is undergoing a revolutionary transformation, merging the fantastical universes of sci-fi and fantasy with the cutting-edge technology of blockchain In a groundbreaking move, a leading developer in the blockchain gaming franchise has unveiled three interlinked titles that have taken their spot in the prestigious Epic games Store This triumphant release marks a significant milestone in what is being celebrated as the "official game launch " Created on the ethereum scaling network, Immutable X, these three games—Illuvium: Overworld, Arena, and Zero—not only span diverse genres but are intricately woven together, encouraging players to dive deep into each offering for a complete immersive experience This innovative approach paves the way for a new era in gaming, blending strategy, survival, and city-building mechanics across distinct but connected platforms...

Read more

Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
No obligationsFree to use