Minecraft Ban 'hypocritical' and NFTs are Included - Animoca's Yat
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"They did not cite evidence, they didn't correctly point out the characteristics of NFTs are, nor did they talk to NFT Worlds," noted Animoca Brands co-founder Yat Siu.
Yat Siu, the co-founder of the crypto/NFT venture capital giant Animoca Brands, labeled the recent Minecraft NFT ban as "hypocritical" and stressed that nonfungible tokens (NFT) can be inclusive, despite claims against it.
As previously reported, Minecraft developers Mojang Studios announced the end of all NFT integrations within the game on Wednesday. Flash ants Mojang Studios declared that NFTs were not in line with its principles, since they encourage speculation on prices, scarcity, exclusion and could lead to rug pulls.
Speaking with Cointelegraph, Siu expressed his displeasure at Mojang Studios, given the context in which NFTs were integrated into Minecraft before the ban.
Projects such as NFT Worlds were utilizing Minecraft's open source servers to host a metaverse platform that had NFT and crypto ecosystems built around it. The project appears to be fairly popular, given that it has generated more than $80 million in NFT trading volume and claims to have around 100,000 users.
