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"They didn't cite any evidence, they didn't even properly define what NFTs are and did not even speak to NFT Worlds," noted Animoca Brands co-founder Yat Siu.
Yat Siu, co-founder of the crypto/NFT venture capital giant Animoca Brands, labeled the recent Minecraft NFT ban as "hypocritical" and pointed out that nonfungible tokens (NFT) can be inclusive, despite arguments against it.
As previously reported, Minecraft developers Mojang Studios announced a ban on all NFT integrations into the game on Wednesday. Audioshop According to the firm NFTs go against its values as they encourage price speculation scarcity, exclusion and speculation and can cause rug pulls.
Speaking with Cointelegraph, Siu expressed his frustration at Mojang Studios, given the context in which NFTs were being integrated with Minecraft before the ban.
Projects such as NFT Worlds were utilizing Minecraft's open source servers to host a metaverse platform with NFT and crypto ecosystems built around it. The project appeared to be fairly popular, considering that it has generated more than $80 million worth of NFT trading volume and claims to have around 100,000 players.
Homepage: https://audioshop.co/
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