Minecraft Announces Ban on NFTs and Blockchain Integrations
Yesterday, gaming giant Minecraft (@minecraft) announced that integrations of NFTs and blockchain technologies would no longer be supported or allowed on the platform.
In a post, Mojang Studios, which Microsoft owns, wrote that “NFTs can create models of scarcity and exclusion that conflict with our guidelines and the spirit of Minecraft. 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.”
The floor price for NFT Worlds, a popular NFT project which leverages Minecraft’s open source technology, dropped by nearly 70% following the announcement. The price of the project’s native token, $WRLD, is also down 65%, according to CoinMarketCap.
NFT Worlds founder ArkDev tweeted, “We are working to figure out to what extent this will affect us and also have potential pivots planned in the absolute worst case that keeps us going. We’re not leaving.”
Curious to see how this plays out for all parties. Is Minecraft being hypocritical for banning NFT, citing “inclusiveness”? Let us know your thoughts below.