See More

Minecraft Bans NFTs Sparking Uproar in the Cryptoverse

2 mins
Updated by Geraint Price
Join our Trading Community on Telegram

In Brief

  • Minecraft has banned Non-Fungible Tokens (NFTs) and blockchain technologies in its client and server applications.
  • The game developers claim the move is to ensure that players have a “safe and inclusive experience.”
  • Projects building NFTs around Minecraft expressed shock towards the change of stance as they mull over pivoting options.
  • promo

The developer of Minecraft has banned non-fungible tokens in the game, claiming “they create models of scarcity and exclusion that conflict with our guidelines.”

Mojang Studios, makers of Minecraft, has announced that NFTs and blockchain technologies will no longer be allowed on client and server applications. The team says it reached this resolution after receiving feedback from some community members.

Aside from banning NFTs, Minecraft will prohibit the use of in-game content like worlds and skins in the making of “scarce digital assets.” 

Currently, Mojang Studios allows the game’s server operators to charge for custom experiences that led to the proliferation of NFTs in Minecraft.

Running against the spirit of Minecraft

Mojang Studios notes that the reason for banning NFTs on Minecraft was to ensure that players have a “safe and inclusive experience.” 

According to developers, the use of NFTs creates artificial models of scarcity and unfairly excludes players, standing in conflict with the “spirit of Minecraft.”

Another reason for the ban was concerns that the speculative nature of NFTs would draw the focus away from actual gaming to profiteering, “which we think is inconsistent with the long-term joy and success of our players.”

Mojang Studios also expressed worry over the unreliability of third-party NFTs and its use of an asset manager that could disappear without notice. Unfair pricing of NFTs caused by fraudulently inflating prices forms part of the myriad reasons for the ban on digital collectibles.

The studio stated that it will be paying close attention to developments in the blockchain industry but reiterates that there are no plans to implement the technology anytime soon in the game.

Projects left stranded

Some projects have made converting Minecraft’s assets into NFTs their core business models, and the recent announcement is bound to trigger panic. 

One of such firms is Polygon-based NFT Worlds, which has recorded over $160 million in NFT trading volume since it began operations.

ArkDev, the co-founder of NFT Worlds, said his firm was completely blindsided by the announcement. The firm revealed that they have had a series of talks with Minecraft’s IP department in the past, but there were no hints that a ban was in the works.

“We are working to figure out to what extent this will affect us and also have potential pivots planned in the absolute worst case that keeps us going,” wrote ArkDev on Twitter. 

Industry chiefs interpreted the move as a warning to projects not to build on corporate-owned Web 2 networks because the rules could change in an instant.

Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024
Harambe AI Harambe AI Explore
Uphold Uphold Explore
Exodus Exodus Explore
Coinbase Coinbase Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | July 2024

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Wahid.jpg
Wahid Pessarlay
Wahid loves to write, especially about Crypto and Blockchain. He started his blogging journey in 2017 and turned to crypto in 2019. Wahid is interested in tech, chess and DeFi. He aims to promote decentralization to everyone on the planet.
READ FULL BIO
Sponsored
Sponsored