Notes

Minecraft Says it doesn't Want anything to do with NFTs, Blockchain

While some industries are taking a stand on NFTs, the videogame community is making it clear that NFTs are "No F'n Thanks" in their industry.



The latest company to take a stand against non-fungible tokens: Mojang Studios, the developer of the hugely loved video game Minecraft.



In a statement that was released today on the official Minecraft website, titled simply "Minecraft and NFTs," the company made it crystal clear that it will not allow any form of blockchain or NFT integration into its game.



Mojang Studios and Minecraft laid out a number of reasons for being opposed to NFTs. They made it clear that fake scarcity plays a significant part in the. NFTs, also known as non-fungible tokens or digital assets are digital assets stored on a blockchain. A unique token is minted and linked to a media file in order to claim ownership of that piece, which turns NFTs into speculative assets.



The statement explains that Minecraft is not against making money, and cites the example of users charging for access to the Minecraft server as a valid use case. However, since NFTs will change the gameplay dynamics and give players with financial advantages in the game The Minecraft developer is opposed to the technology.



"To ensure that Minecraft players enjoy an enjoyable and safe experience, blockchain technologies are not allowed to be integrated within our Minecraft client and server applications. Nor can they be utilized to create NFTs associated with any game content, including worlds, skins, persona items, or other mods," declares the statement.



The developer also raised concerns about the trustworthiness of third-party firms that mint Minecraft-related NFTs, and their tendencies to abandon projects, and fraudulently inflate prices on NFT aftermarkets.



Molly White, the Web3 is going Great website, has succinctly stated that "No blockchain is necessary for a block game" The website monitors the frauds, scams, and drama in the Web3 world. This includes NFT projects and cryptocurrency.



As White notes that the value of the existing (and unauthorized) Minecraft NFT projects tanked following the announcement of Mojang Studios' statement. NFT Worlds, which also has a token that is associated with it was able to see the value of the token as well as its NFT floor prices plummet by more than 70 percent.



Minecraft's Mojang Studios is far from the first video game company to run without NFTs. Gamers have said that they are not a fan of buying NFTs in addition to the video games they already own. The industry has followed suit and listened to their anti-NFT opinions. Just earlier this month, Sony announced a loyalty program known as Playstation Stars which will reward players with digital collectibles. Sony has made clear that these digital collectibles are not NFTs.
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"It's certainly not NFTs. Definitely not. It is not possible to trade or sell them. It's not using any blockchain technology and certainly not NFTs," said Grace Chen, Sony VP of network marketing loyalty, loyalty, as well as licensed merchandise, in an interview with The Washington Post.



Mojang Studios did end its statement by saying that they would keep track of the development of blockchain technology to be used in future cases, leaving the door somewhat open based on currently non-existent possibilities. However, those who aren't a fan of NFTs will be able to take another win at least for the near future.


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