Corporations invested more than $6 billion in crypto industry in the last 10 months DeFi-platform Velodrome accuses crypto sleuth of stealing $350k S&P Global dropped Coinbase rating to a speculative level BitGo will seek $100 million for Galaxy Digital refusal to acquire crypto platform Brazilian crypto exchange blocked customer accounts and fired staff Celsius Network’s debts is more his assets for $2,8 billion Monero underwent a successful hard fork First acquisition agreement crypto project for $1,2 billion terminated due financial statements OpenSea allowed reselling stolen NFTs

Minecraft bans NFTs

Minecraft bans NFTs

According to the game platform developers, the use of blockchain technology and non-exchangeable tokens are not consistent with the values of the project, as they allow players to earn rewards for other actions outside the game.

According to the developers' website, Minecraft has banned the use of NFT and the integration of blockchain technology into its apps, as well as the use of in-game content such as worlds, skins, and character items to create NFT. The game's developers attributed the move to ensuring security and protecting players' interests.

Recently, some companies have launched NFTs associated with Minecraft, so players can now earn NFTs for actions performed on the server or outside the game. Developers believe this creates a digital property based on scarcity and exclusivity, which is not in line with Minecraft's values of creative engagement and collaborative gaming experience.

NFTs pose a scenario of the haves and have-nots. At the same time, the speculative atmosphere surrounding such tokens distracts from the game and encourages profiteering, which, according to the Minecraft team, is incompatible with player fun and success. Developers also highlighted that some third-party NFTs are unreliable and insecure.

Subscribe to our Telegram channel for the most relevant, interesting, and informative news from the crypto industry.

0
Is there an error in the article?
To report