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Minecraft Says It Doesn't Want Anything to have to do with Blockchain, NFTs, or NFTs.

While some industries are figuring out their thoughts regarding NFTs, the video game community is stating it clearly: NFTs stand for "No F'n Thanks" in their industry.



The latest company to stand against non-fungible tokens: Mojang Studios, the developer of the hugely loved video game Minecraft.



In a statement that was released today on the official Minecraft website, which is titled "Minecraft and NFTs," the company stated that it would not permit any form of blockchain or NFT integration with its game.



Mojang Studios and Minecraft laid out a few reasons as to why they are opposed to NFTs. They also stated that fake shortages play a significant part in it. NFTs, also known as digital assets or non-fungible tokens are digital assets that are stored on blockchain. A unique token is minted and then linked to a media file in order to claim ownership of that piece which has turned NFTs into speculation assets.
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The statement explains that Minecraft does not oppose monetizing, and uses the example of users paying for access to a Minecraft server as an approved use case. However, since NFTs could alter the game's dynamics and give players with financial advantages in the game the game, the Minecraft developer is opposed to the technology.



"To ensure that Minecraft players enjoy an enjoyable and safe experience, blockchain technology is not allowed to be used into our Minecraft client and server applications, nor can be used to create NFTs associated with any game-related content, such as skins, worlds and other items, or any other mods," declares the statement.



The developer also brought up concerns regarding the reliability of third-parties who mint Minecraft-related NFTs, and their tendency to cancel projects and then fraudulently increase prices on the NFT aftermarkets.



"No blockchain for block game," as Molly White of the website Web3 is going Great succinctly stated. The website tracks scams, frauds and dramas in the Web3 world. This includes NFT projects and cryptocurrency.



As White points out that the value of current (and not-approved) Minecraft NFT projects tanked following the announcement of Mojang Studios' statement. NFT Worlds, which also has a token associated with it, saw the value of both the token and its NFT floor prices crater by more than 70 percent.



Minecraft's Mojang Studios is far from the first video game company to run without NFTs. Gamers have made it clear that they hate the idea of buying NFTs in addition to the video games they already purchase. Their skepticism about NFTs has caused the industry to follow. Just this month, Sony announced a loyalty program called Playstation Stars which will reward gamers with digital collectibles. Sony has stressed that these digital collectibles were not NFTs.



"It's definitely not NFTs. Definitely not. You cannot trade them or sell them. It's not making use of any blockchain technology, and certainly not NFTs," said Grace Chen, Sony VP of network advertising loyalty, loyalty, and licensed merchandise in an interview with The Washington Post.



Mojang Studios ended its statement by saying that they will be monitoring the progress of blockchain technology in the future applications. However, this leaves the door open to future uses based on the existing possibilities. But, at least for the near future, chalk up another win for gamers who dislike NFTs.


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