Minecraft bars blockchain and NFTs on fraud fears
By Carine Lee
04:30, 26 July 2022
Mojang Studios made waves when it said non-fungible tokens (NFTs) and blockchain have no place in Minecraft for now.
The Microsoft-owned studio recently said that “integrations of NFTs with Minecraft are generally not something we will support or allow”.
The firm said it has “no plans of implementing blockchain technology into Minecraft right now.”
Typically NFTs are minted off the Ethereum blockchain with leading coins including SAND, WAX and DigiByte.
ETH to US dollar
In a statement the studio also said that they are updating the Minecraft guidelines.
“To ensure that Minecraft players have a safe and inclusive experience, blockchain technologies are not permitted to be integrated inside our Minecraft client and server applications nor may they be utilized to create NFTs associated with any in-game content, including worlds, skins, persona items, or other mods.”
What is your sentiment on ETH/USD?
What is Minecraft?
Minecraft is a video game in which 141 million players create and break apart various kinds of blocks in three-dimensional worlds, according to 2021 data. There are two main modes in the game: Survival and Creative.
Players must find their own building supplies and food, as well as interact with blocklike mobs or moving creatures such as creepers, zombies which are dangerous ones in the Survival mode.
SAND to US dollar
In Creative mode, players are given supplies and do not have to eat to survive and can break all kinds of blocks immediately.
Why not NFTs?
In the statement, Minecraft said that “NFTs and other blockchain technologies create digital ownership based on scarcity and exclusion, which does not align with Minecraft values of creative inclusion and playing together.”
Non-inclusive NFTs creates the scenario of haves and have nots, said Minecraft.
The firm added that speculative pricing around NFTs encourages draws focus away from the game, which Minecraft thinks is inconsistent with the joy and success of the players.
Minecraft said it is concerned about third-party NFTs not being reliable and potentially fraudulent, since they depend on people creating blockchain technology “who might disappear without notice”.
Here's an early look at our upcoming guidelines regarding Minecraft and NFTs.
— Minecraft (@Minecraft) July 20, 2022
If you're a player or creator actively involved in the buying, selling, or trading of NFTs that make use of Minecraft, please read the information in the article below.https://t.co/3S4uYmiSvf pic.twitter.com/Gl0EkoKQqs
Blockverse
An NFT project, Blockverse, which was supposedly built for the Minecraft universe, scammed an estimated $1.2m from early investors who bought NFT Blockverse characters from sites like OpenSea, the largest NFT marketplace.
The project also included a cryptocurrency called $Diamond. OpenSea uses ETH for transaction fees.
A rug pull happened in January, where the project creators took all the money invested and deleted the project website, Discord, and Twitter account, all too common in the cryptosphere.
Markets in this article
