NFT Worlds Will Develop Minecraft-like Game after Mojang NFT Ban

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A while ago, the gaming community was inundated with rumors of Minecraft NFTs. Crypto enthusiasts were delighted at the prospect that Mojang Studios, creators of Minecraft, will allow or support the integration of NFT in the popular game.

On July 20, the company made its stand clear, going so far as to state, “To ensure that Minecraft players have a safe and inclusive experience, blockchain technologies are not permitted to be integrated inside our client and server applications, nor make Minecraft in-game content such as worlds, skins, persona items, or other mods, be utilized by blockchain technology to create a scarce digital asset.”

What does NFT mean in Minecraft?

The gaming company explained that implementing NFT gaming into Minecraft runs counter to its values of cooperation and collaboration as the digital assets can create models of scarcity and exclusion. Building Minecraft NFTs, according to Microsoft-owned Mojang, will take the focus away from the joy of playing the game and have players obsessing over profits.

The gaming studio promised to keep an eye on the evolution of blockchain technology to determine if it will allow for more secure applications or other inclusive forms of gaming. Previously, Microsoft founder Bill Gates has mentioned that NFTs and cryptocurrencies are 100 percent based on sort of greater fool theory that somebody’s going to pay more for it than I do.”

Minecraft NFT ban NFT gaming

According to a recent study, more than $2.2 billion was raised by private blockchain and NFT gaming companies in the first half of 2022. It clearly shows the rising interest of gaming investors in NFTs.

Minecraft is one of the most popular video games of all-time, with over 240 million copies sold since its release in 2011.

NFT Worlds Minecraft game

The Minecraft NFT ban did not go down well with NFT Worlds, an NFT company that sells Minecraft seeds, which are codes for the worlds you play in. The NFT ban by Microsoft-owned Minecraft took the developers by surprise, and they vowed to create their own Minecraft-like game.

According to TechCrunch, NFT Worlds is one of the few developers who have managed to create custom modifications for Minecraft and play-to-earn games, which pay out their own cryptocurrency, $WRLD, for every 30 minutes you play. CoinMarketCap reported that the value of WRLD plunged close to 61% in the 24 hours following the Minecraft announcement.

Shortly after the Minecraft announcement, NFT World took to Discord to share their views on the Minecraft NFT ban. “First and foremost, this out of nowhere announcement by Microsoft/Minecraft to outright ban all possible uses of NFTs & blockchain tech within Minecraft feels like a step backwards in innovation and may even have painful downstream effects for them in the long run.”

NFT Worlds stated that they are working to get in touch with Minecraft policymakers to understand the ban and work out possible solutions. However, if they are unable to reach an agreement, they will move towards creating a Minecraft-like game engine and gaming platform. The company asserted that their wish was to encourage innovation and help people put their own spin on things. In the event of an impasse, NFT Worlds mentioned that they will bring their vision to fruition on their own “but with Minecraft and Microsoft entirely out of the picture with no ability to stop us.”

They also shared that the Mojang ban has prompted multiple metaverse and GameFi project developers to reach out to them to explore the tech they have developed, “kickstarting a possible adoption of such a platform.”

American video game company Electronic Arts (EA) recently mentioned that it considers NFTs to be the future of gaming. Meanwhile, Square Enix and Ubisoft are reportedly considering the introduction of NFTs into gaming. According to SkyQuest Technology, the global NFT market was valued at $15.70 billion in 2021, and is expected to reach $122.43 billion by 2028, with a CAGR of 34.10% during the forecast period of 2022 – 2028.

In a survey of nearly 1,500 console and PC gamers, market research firm Interpret also found that 56% were interested in earning NFTs. If the popularity of Axie Infinity and Guild of Guardian is anything to go by, this is true for a majority of gamers.

The post NFT Worlds Will Develop Minecraft-like Game after Mojang NFT Ban appeared first on Industry Leaders Magazine.

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