While some industries are still making up their minds about NFTs, the gaming community is doing it. disengage: NFT stands for “No F’n Thanks” in their industry.
The latest company to take a stand against non-fungible tokens: Mojang Studios, the developer of the hugely popular video game, Minecraft.
In a statement Posted today on the official Minecraft website, titled simply “Minecraft and NFT”, the company has made it clear that it will not allow any sort of blockchain or NFT integration with its game.
Mojang Studios and Minecraft have explained why they are against NFTs. For one thing, they’ve made it clear that fake scarcity plays a major role in this. NFTs, or non-fungible tokens, are essentially digital assets stored on a blockchain. A unique token is created and connected to a media file to declare ownership of that coin which turned NFTs into speculative assets.
The statement makes it clear that Minecraft is not against monetization and uses the example of users charging for access to a Minecraft server as an approved use case. However, since NFTs would change gameplay dynamics and give players with monetary means an advantage in the game, the developer opposes the technology.
“To ensure Minecraft players have a safe and inclusive experience, blockchain technologies are not permitted to be integrated into our Minecraft client and server applications, nor may they be used to create NFTs associated with any content. of the game, including worlds, skins, character items, or other mods,” the statement said.
The developer has also raised concerns about the reliability of third parties mounting NFTs related to Minecraft, and their tendencies to abandon projects and fraudulently inflate prices on NFT secondary markets.
“No blockchain for block game,” as Molly White of the website Web3 is doing great succinctly Put the. The website tracks the various scams, frauds, and dramas going on in the Web3 world, which includes cryptocurrencies and NFT projects.
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As White points out, the value of existing (and unauthorized) Minecraft NFT projects tanked on the news from Mojang Studios statement. NFT Worlds, which is also associated with a token, saw the value of the token and its NFT floor price crash by more than 70%.
Minecraft’s Mojang Studios is far from the first video game company to move away from NFTs. Gamers have made it clear that they hate the idea of buying NFTs on top of the video games they already buy. And their anti-NFT views forced the industry to follow. Earlier this month, Sony announced a loyalty program called Playstation Stars that will reward gamers with digital collectibles. The company stress that these digital collectibles were not NFT.
“It’s definitely not NFTs. Definitely not. You can’t trade or sell them. It doesn’t use any blockchain technology and definitely not NFTs,” said Grace Chen, Sony’s vice president of advertising. network, loyalty and licensed products, in a interview with The Washington Post.
Mojang Studios ended its statement by saying that they would monitor the evolution of blockchain technology for any possible future use cases, leaving the door somewhat open based on currently non-existent possibilities. But, at least for the foreseeable future, get another win for players who absolutely hate NFTs.