Minecraft eliminates the use of in-game NFTs
The company wants to maintain an equal experience for players and prevent the appearance of scarce content
21.07.2022 - 08:15
381
1 min
0
What’s new? Minecraft developers have refused to integrate non-fungible tokens (NFTs) into the game. A statement on July 20 said that blockchain technology will not be allowed in client and server applications, and in-game content cannot be used to create scarce digital assets.
Official statement on the Minecraft website
What other statements have been made? The company stressed that all players should have the same experience, and NFTs contradict this goal by contributing to the creation of scarcity and exclusivity. Furthermore, Minecraft believes that NFTs could cost players who buy them dearly, given the speculative prices and frequent cases of cheating.
As for NFTs already released by various companies not affiliated with Minecraft, the statement says that these projects are not in line with the game’s values.
Earlier, Minecraft developers urged to abandon speculation with digital assets. They said that gaming companies should not create projects that promote artificial scarcity of digital assets and speculation with NFTs.
Useful material?
Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024