NFTs have been gaining traction in the online community in recent years. But game developer Mojang has now decided that there will be no more NFTs in Minecraft.
NFTs have gained immense importance, especially in the last year. According to the website NonFungible.com the number of active wallets has increased by roughly 919 percent since the first quarter of 2021.
This means that around 1.45 million crypto wallets came into contact with NFTs in the mentioned period. And her too number of buyers NFTs rose significantly – up around 1,489 percent. For sellers, it was around 2,345 percent.
However, digital goods do not only have supporters. Game developer Mojang has now decided to ban NFT in Minecraft.
Why shouldn’t there be any more NFTs in Minecraft?
With this decision, Minecraft maker Mojang wants to ensure that all “Minecraft players have a safe and inclusive experience.” Therefore, it is not allowed to integrate blockchain technologies into structures.
Game content such as worlds or skins should also not be used to create scarce digital goods.
This has already happened in the past. Collectible Minecraft NFTs are already in circulation. Players could also earn Minecraft NFTs through certain activities.
NFTs in Minecraft are not compatible with manufacturer values
According to Mojang, the creation of NFTs creates digital property designed for “scarcity and exclusion”. This is not compatible with Minecraft’s “values of creative inclusion and shared play”.
NFTs are unbundled for the entire community and create a scenario of haves and have-nots.
The “speculative pricing and investment mentality” prevalent around NFTs distracts from the focus on the game and encourages “profit making”.
Mojang wants to protect its community
The game developer also puts a lot of emphasis on possible cheating. So “some third party NFTs may not be reliable”. Minecraft developer wants to protect its players from hidden costs.
Asset managers may also be necessary for some third-party NFTs.
There have also been cases of NFTs being sold at artificially or fraudulently inflated prices.
Mojang wants to continue to follow the development of blockchain technology. So at some point there could be a realization. However, this should only be the case if Minecraft’s values are secure and players can be guaranteed a safe experience. However, there are no plans to combine Minecraft and blockchain technology yet.