Notes

Minecraft Says it Wants nothing to Deal With NFTs, Blockchain

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



The most recent company to take a stand against non-fungible tokens: Mojang Studios, the developer of the immensely popular video game Minecraft.



In a statement put out today on the official Minecraft website, titled simply "Minecraft and NFTs," the company clarified that it would not permit any kind of blockchain or NFT integration with its game.



Mojang Studios and Minecraft laid out a number of arguments for why they are against NFTs. They stated that fake shortage plays an important role in the process. NFTs, also referred to as digital assets that are non-fungible or non-fungible are digital assets stored on blockchain. To identify the ownership of a piece of NFTs, an individual token is created and linked to the media file.



The statement makes clear that Minecraft is not against revenue-generating, and uses the example of users charging for access to the Minecraft server as a valid use case. However, since NFTs could alter the game's gameplay dynamics and give players with financial advantages in the game The Minecraft developer is opposed to the technology.



"To ensure that Minecraft players have a safe and inclusive experience, blockchain technologies are not allowed to be used inside our Minecraft client and server applications nor may be used to create NFTs that are associated with any game content, including skins, worlds and other items, or other mods," declares the statement.



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



Molly White, the Web3 is Going Great website, succinctly stated that "No blockchain for an online game" The website tracks the numerous scams, scams, and drama happening in the Web3 world, which includes cryptocurrencies and NFT projects.



As White mentions, the value of existing (and unauthorized) Minecraft NFT projects tanked on the news of Mojang Studios' statement. NFT Worlds which is also tokens, saw both the token's value and its NFT floor prices plummet by more than 70%.



Minecraft's Mojang Studios is far from the first video game company to operate completely free of NFTs. Gamers have expressed that they aren't keen on the idea of buying NFTs in addition to the video games they already own. The industry has followed suit and listened to their anti-NFT opinions. Sony just announced Playstation Stars, a loyalty program that rewards players with digital collectibles. These digital collectibles are not NFTs, the company stated.



"It's definitely not NFTs. Absolutely not. They aren't able to be sold or traded. It is not leveraging any blockchain technologies and definitely not NFTs," said Grace Chen, Sony VP of network advertising, loyalty, and licensed merchandise in an interview with The Washington Post.



Mojang Studios did end its statement by stating that they will keep track of the development of blockchain technology in the future for possible use scenarios however, leaving the possibility of a future use case open, based on presently non-existent possibilities. However, gamers who hate NFTs are likely to get another win, at least for the near future.
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