The CEO of Xbox has some criticisms for the new metaverse.

In spite of the fact that a great number of companies have capitalized on the as-of-yet-undefined concept of the metaverse in the hopes of reaping the benefits of being industry pioneers, a number of important figures have expressed their disapproval of the current market.

Phil Spencer, who was speaking at an online conference hosted by the WSJ, was critical of the newly developed metaverse technology, claiming that it was still in its infancy. Spencer compared the existing metaverse to a horrible online video game.

Many people interpreted this as a veiled jab at Meta, which had previously come under fire for the inferior visuals of their popular metaverse software Horizon Worlds when compared to those of modern video games.

Soon after, Spencer provided further clarification by stating that those who work in the videogame industry have an extraordinary ability to create fascinating worlds in which everyone desires to spend some time; however, creating a multiverse that is comparable to a living room is not the way that people want to spend their time.

However, Spencer does not completely discount the possibility of there being a metaverse just yet. Even though the company is still in its infant stages, The Entrepreneur believes that the multiverse will eventually evolve to be similar to contemporary video games.

For a considerable amount of time, Phil Spencer did not alter his viewpoint.

Phil is not the only person who has expressed skepticism regarding the excitement that is currently surrounding the concept of the multiverse. Spencer stated in August that the multiverse was nothing new to him and that its development had taken over thirty years, with 3D games playing a role within this technology. He also stated that this technology had taken over thirty years to develop. In addition to this, he stated that P2E business strategies were analogous to a hammer looking for a nail.

Spencer is another person who has voiced their opposition to the NFT game concept. He described it as exploitative and said that it was full of "suppositions and experimenting."

Microsoft announced in January that it had paid a total of 68.7 billion USD to acquire Activision Blizzard. The company asserted that gaming will play a significant role in the expansion of multiverse platforms.