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Minecraft Says It Doesn't Want Anything to have to do with Blockchain, NFTs, or NFTs.

While some industries are still taking a stand on NFTs however, the videogame industry is proving that NFTs are "No F'n Thank" in their field.


The latest company to stand against non-fungible tokens: Mojang Studios, the developer of the massively loved video game Minecraft.


In a statement released today on the official Minecraft website, which is titled "Minecraft and NFTs," the company clarified that it would not allow any kind of blockchain or NFT integration with its game.


Mojang Studios and Minecraft laid out a few reasons as to why they are opposed to NFTs. One reason is that they stated that fake scarcity plays a significant part in it. NFTs, or non-fungible tokens are basically digital assets that are stored on a blockchain. The token is unique and linked to a media file in order to declare ownership of that piece that has transformed NFTs into speculation assets.


The statement explains that Minecraft does not oppose revenue-generating, and uses the example of users paying for access to a Minecraft server as a valid use case. Mc titan launcher However, because NFTs would alter the game's dynamics and give players with monetary advantages in the game, the Minecraft developer is opposed to the technology.


"To ensure that Minecraft players have an enjoyable and safe experience, blockchain technologies are not allowed to be integrated inside our Minecraft client and server applications nor may they be utilized to create NFTs that are associated with any in-game content, including worlds, skins, persona items, or any other mods," declares the statement.


The developer also raised concerns about the trustworthiness of third-parties who mint Minecraft-related NFTs, and their tendency to abandon projects, and to fraudulently raise prices on the NFT aftermarkets.


Molly White, the Web3 is going Great website, concisely stated that "No blockchain for an online game" The website monitors the scams, frauds and drama that occur in the Web3 world. This includes NFT projects and cryptocurrency.


As White points out the value of the existing (and illegal) Minecraft NFT projects tanked on the news of Mojang Studios' statement. NFT Worlds, which also has a token associated with it, saw the value of the token and NFT floor prices fall by more than 70 percent.


Minecraft's Mojang Studios is far from the first video game company to run without NFTs. Gamers have stated that they don't like the idea of buying NFTs in addition to the video games they already own. The industry has followed their lead and listened to their negative opinions. Sony recently announced Playstation Stars, a loyalty program that rewards players with digital collectibles. Sony made clear that these digital collectibles are not NFTs.


"It's definitely not NFTs. Definitely not. They can't be sold or traded. It is not leveraging any Blockchain technologies and certainly not NFTs," Grace Chen, Sony's vice president of network advertising and loyalty, told The Washington Post.


Mojang Studios did end its statement by stating that they will monitor how blockchain technology evolves for any possible future use cases and leave the door open based on the current lack of possibilities. However, for the foreseeable future, it's a win for gamers who hate NFTs.