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"They did not cite evidence, they didn't correctly point out what NFTs are and they didn't even talk to NFT Worlds," noted Animoca Brands co-founder Yat Siu.
Yat Siu, the co-founder of the crypto/NFT venture capital giant Animoca Brands, labeled the recent Minecraft NFT ban as "hypocritical" and pointed out that nonfungible tokens (NFT) can be inclusive, despite arguments to the contrary.
As previously reported, Minecraft developers Mojang Studios announced a ban on all NFT integrations into the game on Wednesday. According to the firm NFTs are in opposition to its principles since they encourage speculation on prices, scarcity and exclusion, and also potential rug pulls.
Speaking with Cointelegraph, Siu expressed his displeasure with Mojang Studios, given the context in which NFTs were integrated into Minecraft before the ban.
Projects like NFT Worlds were utilizing Minecraft's open source servers to host metaverse platforms that included NFT and crypto ecosystems constructed around it. Balonium It was evident that it was quite popular due to its NFT trading amount of more than $80 million and the claims that it has over 100,000 players.
My Website: https://balonium.com/
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