One of the most popular games of all time won't support NFTs. The Microsoft-owned game is a potential use case for NFTs, so its stance on the technology could affect other developers.
Mojang wrote on its website that "NFTs are not inclusive of all our community and create a scenario of the haves and the have nots." The long-term joy and success of our players is not consistent with the speculative pricing and investment mentality around NFTs.
Some companies have tried to build businesses that sell NFTs. The most prominent example of this is the NFT Worlds, which sells NFTs of virtual land that can be used in a customMinecraft server.
NFT Worlds builds on the core of a decades worth of open source development within theMinecraft community by using the game as a base. The project built play-to-earn games, which paid out their own currency for every 30 minutes you played.
The price floor of NFT Worlds has dropped in the last day or two.
An NFT Worlds developer wrote in a Discord announcement that the announcement by Microsoft/Minecraft to ban the use of NFTs in the game felt like a step backwards in innovation.
The NFT Worlds developer said that the first thing they will do is get in touch with Minecraft to understand the reasoning behind their decision and how they will enforce it against their existing platform. They will look at other options if there is no change in the situation. According to the announcement, one option would be for NFT Worlds to run on a game engine similar to the one used in Minecraft. The second option would be to use a platform as a service model for other developers to make changes to their tech.
Multiple other metaverse/gamefi projects immediately reached out to us wanting to use this tech we've already proven, strongly kickstarting possible adoption of such a platform as a result of the announcement of the minecraft news.
Some gaming companies have stopped investing in web3 because of the volatile market. The game was launched last year and has done poorly so far. There's a $625 million hack that's still front of mind.
Minecraft is bearish on the space because of the hack-prone, speculative nature of someBlockchain based projects. Despite the company's stance, some language in its letter seems to be wavering.
Mojang wrote that they will be paying close attention to how the technology will evolve over time to determine whether it will allow for more secure experiences in gaming. We don't have any plans of implementing the technology into the game at the moment.
To borrow some words from the internet, it's called the Next Generation Mining Initiative.
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