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"They did not provide evidence, they did not even properly define what NFTs are and they didn't even talk to NFT Worlds," noted Animoca Brands co-founder Yat Siu.
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 arguments to the contrary.
As previously reported, Minecraft developers Mojang Studios announced the end of all NFT integrations in the game on Wednesday. Mojang Studios said that NFTs are against its principles, since they encourage speculation on prices scarcity, exclusion, and potential rug pulls.
Speaking with Cointelegraph, Siu expressed his frustration at Mojang Studios, given the context in which NFTs were being integrated into Minecraft before the ban.
Minecraft Servers
Projects such as NFT Worlds were utilizing Minecraft's open source servers to host an metaverse platform that contained NFT and crypto ecosystems constructed around it. It seemed to be very popular considering its NFT trading amount of more than $80million and the claims of having more than 100,000 players.
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