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Yat Siu, co-founder of Animoca Brands, stated that they did not provide any evidence and did not accurately identify NFTs.
Yat Siu, co-founder of the crypto/NFT venture fund giant Animoca Brands, labeled the recent Minecraft NFT ban as "hypocritical" and stressed that nonfungible tokens (NFT) can be inclusive, despite claims against it.
As previously reported, Minecraft developers Mojang Studios announced an end to all NFT integrations into the game on Wednesday. According to the company, NFTs are against its principles because they encourage price speculation scarcity, exclusion and speculation and can lead to rug pulls.
Beware of greeks bearing gifts
In an interview with Cointelegraph, Siu expressed his displeasure at Mojang Studios, given the context in which NFTs were integrated into Minecraft prior to the ban.
Projects like NFT Worlds were utilizing Minecraft's open source servers to host a metaverse platform that had crypto and NFT ecosystems built around it. It was evident that it was quite popular due to its NFT trading volume of more than $80million and the claims of having more than 100,000 users.
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