The Next-Gen Xbox Console Could Integrate Crypto Wallets
According to unredacted documents published as part of the FTC’s case against Microsoft’s planned acquisition of developer Activision, the next-generation Xbox console ecosystem may offer gamers a crypto wallet integration. An internal Microsoft presentation slide from May 2022 reveals that the next-gen Xbox console and surrounding ecosystem would provide users with various ways to spend money, including in-game economies and a “crypto wallet” feature. It is unclear whether the wallet would be developed in-house by Microsoft or if it would be an integration with existing crypto wallets like MetaMask or Coinbase Wallet.
It is worth noting that the plans for the crypto wallet were shared internally in May 2022, before the crypto market crash that occurred in the wake of Terra’s collapse. The current bear market and weakened state of cryptocurrencies raise questions about whether Microsoft’s plans for the proposed feature have been affected. Representatives for Xbox have not yet responded to requests for comment.
Leaked Documents and Evolving Plans
Last week, an array of confidential Xbox documents was published as part of the FTC case, spreading quickly across the internet. While some documents were supposed to be redacted, they were released without proper redaction. Xbox head Phil Spencer acknowledged these unintended revelations but stated that plans have evolved since the documents were prepared. He emphasized that there is much to be excited about regarding Xbox’s future plans and that they will share the real plans when they are ready.
The Future of Xbox and Crypto Integration
The next-generation Xbox console is not expected to be released until 2028, according to Microsoft documents. However, mid-gen console updates for the Xbox Series X and Series S are scheduled for launch next year. While details about Xbox’s crypto plans remain unclear, they recently announced Xbox-themed Mastercard credit cards that offer gamers points for purchases, redeemable for games or other rewards.
Overall, the leaked documents provide insights into Microsoft’s potential integration of crypto wallets into the Xbox ecosystem. However, until Microsoft officially addresses these plans, gamers are left to speculate about the future of crypto integration on Xbox.
Hot Take: The Potential Impact of Crypto Wallet Integration on Gaming
The potential integration of crypto wallets into the Xbox console ecosystem opens up new possibilities for gamers. With a built-in crypto wallet, players could easily manage their in-game economies, participate in blockchain-based gaming experiences, and potentially earn and spend cryptocurrencies while gaming. This integration could also foster a more decentralized and inclusive gaming environment by enabling seamless transactions and empowering players to truly own their in-game assets. However, it remains to be seen how Microsoft will execute this feature and navigate the challenges posed by the current state of the crypto market.
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