Notes

Minecraft Says no to NFTs because they Create 'scarcity And Exclusion'

Minecraft players Minecraft won't be allowed to purchase game content such as worlds, persona items, skins and other mods with NFTs.



Minecraft, the most-popular video game ever, won't support NFTs. They "create a scenario where the haves and nots".



Mojang Studios, a Minecraft developer, has stated yesterday (20 July) that NFTs would be against the game's fundamental values in a well-written blog post on the Minecraft site.



The company stated that NFTs and other blockchain technology create digital ownership that is based on the concept of scarcity and exclusion. This is not in accordance with Minecraft values of creativity, inclusion as well as playing with other players and sharing our resources.



"The speculation-based pricing of NFTs and the investment mentality that surrounds them takes the focus off of the game and encourages profit-seeking. Stuff We believe that this is not compatible with long-term happiness and the success of our players."



Minecraft stated that the statement was in response to the feedback of members of the community who sought clarifications on the studio's stance regarding NFTs and blockchain.



This means that Minecraft unlike other virtual world games will not allow blockchain integrations into its server or client applications. NFTs are not allowed to be used in the game for content like worlds, skins and persona items, in addition to other mods.



Mojang is a Microsoft-owned business It also said it was concerned about third-party NFTs. These NFTs may not be reliable and result in a cost to those who buy them. It also outlined scenarios in which third-party NFT managers could "disappear suddenly" or NFTs could "be sold at artificially or fraudulently high prices".



"We recognize that the creation within our game has intrinsic value, and we strive to provide a marketplace in which those values are acknowledged."



The online gaming community has witnessed an increase in interest in blockchain technologies such as NFTs, a topic that was discussed at Future Human earlier this year.



Companies such as GameStop have expressed their confidence in NFTs as a significant element in the future of gaming, launching its own NFT marketplace.



Other companies aren't yet going all-in. The CEO of EA has stated that blockchain and NFTs could be the future of gaming. However, he has said: "Right now it's not something we're pushing against."


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