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Yat Siu co-founded Animoca Brands, stated that they did not cite any evidence and did not accurately identify NFTs.
Yat Siu, co-founder of the crypto/NFT venture capital giant Animoca Brands, labeled the recent Minecraft NFT ban as "hypocritical" and stressed that nonfungible tokens (NFT) can be inclusive, despite arguments against it.
As previously reported, Minecraft developers Mojang Studios announced an end to all NFT integrations in the game on Wednesday. The firm stated that NFTs were against its values, as they foster price speculation, scarcity, exclusion and the possibility of rug pulls.
In an interview with Cointelegraph, Siu expressed his displeasure with Mojang Studios, given the context in which NFTs were being integrated into Minecraft prior to the ban.
Projects like NFT Worlds were utilizing Minecraft's open source servers to host an metaverse platform with NFT and crypto ecosystems constructed around it. The project appeared to be quite popular, given that it has generated more than $80 million worth of NFT trading volume and claims to have over 100,000 players.
Proximal
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