Minecraft junks Blockchain-based NFTs on its platform
Technology: The popular Microsoft-owned game Minecraft has announced not to support NFTs, non-fungible tokens and it giving a shock to the entire blockchain developer community. NFTs, the non-fungible tokens is a non-editable digital token that is part of a blockchain and often purchased with crypto-currencies like Bitcoin.
The NFT can be associated with any form of digital file such as a MPEG or a GIF, but the most common use case today is digital art like JPEGs. The Mine craft said in a statement that, the NFTs are not inclusive of all of our community and create a scenario of the haves and the have-nots.
The company further said, the pricing and investment mentality around NFTs takes the focus away from playing the game and encourage the have profit, which we think is contrary to the long-term enjoyment of our players.
To ensure that the mine craft users have a good and safe experience so the blockchain technologies will not be permitted to be integrated inside Minecraft’s users and the server applications. The company has announced further, that Nor may Minecraft in-game content such as worlds, skins, persona items, or other mods, be utilized by Blockchain technology to create a scarce digital asset.
They further said, that NFTs and other Blockchain technologies create digital ownership based on scarcity and exclusion, which does not align with its values of creative inclusion and playing together.
And Minecraft’s company warned by saying, they are also concerned about some third-party NFTs may not be reliable and may end up costing players who buy them. Some third-party NFT implementations are also entirely depends on Blockchain technology and may require an asset manager who might disappear without notice.
In addition, they have no plans on adding blockchain technology into Minecraft as of now.
Also Read: Meta owned Instagram lets shoppers pay for products via DM or Chat
