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Yat Siu, co-founder of Animoca Brands, stated that they did not provide any evidence and they did not properly point out NFTs.
Yat Siu, 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 considered inclusive, despite arguments to the contrary.
As previously reported, Minecraft developers Mojang Studios announced an end to all NFT integrations into the game on Wednesday. Mojang Studios said that NFTs are against its principles, since they promote price speculation, scarcity, exclusion and the possibility of rug pulls.
Speaking with Cointelegraph, Siu expressed his displeasure at Mojang Studios, given the context in which NFTs were integrated into Minecraft prior to the ban.
Projects such as NFT Worlds were utilizing Minecraft's open source servers to host an metaverse platform that contained NFT and crypto ecosystems built around it. Gaming The project appeared to be relatively popular, considering that it has generated more than $80 million in NFT trading volume and claims to have over 100,000 users.
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