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Mojang Studios, the Microsoft-owned company that runs Minecraft has issued a statement regarding NFTs. Mojang declared that NFTs will not be allowed in Minecraft.
The company claims that NFTs are not a requirement and encourage "profiteering."
For more stories go to www.BusinessInsider.co.za.
Mojang Studios, the company behind Minecraft has made it clear that it will not be adding NFTs in the game. This announcement was made on Wednesday.
NFTs, or tokens that are non-fungible, are distinctive digital assets that usually take the form of digital artworks.
Other major games studios have also embraced the recent NFT trend and the gaming industry is seen by some as a major growth market for the tokens.
Mojang has made it clear that it will not join the bandwagon.
In its statement Mojang said NFTs "create models of exclusion and scarcity that are in contradiction to our guidelines and the spirit of Minecraft. NFTs don't include all members of our community and create a scenario of the haves and the not-so-haves.
Mojang also appeared to be worried that NFTs in Minecraft could result in fraud.
The company said that NFTs' speculative pricing and investment mentality encourages profiteering and takes away the game's purpose.
"We are also concerned that some third-party NFTs may not be reliable and may cost players who buy NFTs."
Minecraft's popularity gives Mojang's statement credibility. According to the data of NPD Group, Minecraft was the most played game in the US during the first three months.
Mojang Studios is owned by Microsoft. Insider reached out to Microsoft to inquire whether the Mojang statement was representative of the company's general position on NFTs. Microsoft did not respond immediately.
Korobi
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