Minecraft bans NFT and blockchain integrations
NFT Worlds floor price plummets
Minecraft developer Mojang Studios has taken a strong stance against NFTs. In a blog post, the Microsoft-owned studio wrote that “integrations of NFTs with Minecraft are generally not something we will support or allow.”
Mojang is opposed to NFTs because they create “models of scarcity and exclusion,” when all players should have access to the same content. “NFTs are not inclusive of all our community and create a scenario of the haves and the have-nots,” the studio argued, adding that the speculative nature of NFTs “encourages profiteering.”
“To ensure that Minecraft players have a safe and inclusive experience, blockchain technologies are not permitted to be integrated inside our client and server applications, nor may Minecraft in-game content such as worlds, skins, persona items, or other mods, be utilized by blockchain technology to create a scarce digital asset,” Mojang stated.
According to Mojang, some companies have created “NFT implementations that are associated with Minecraft world files and skin packs.” Some servers also allow the use of NFTs representing in-game items, or provide NFT rewards for players.
One prominent example of this is NFT Worlds, a Polygon-based project that sells NFTs of virtual land that can be used in custom Minecraft servers.
Data from CryptoSlam shows NFT Worlds has generated $163.5 million worth of trading volume to date. Since the announcement, however, the project’s floor price has plummeted 62.8% to 1.15 ETH ($1.7K).
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