p>While certain industries are weighing in on NFTs but the videogame community is demonstrating that NFTs stand as "No F'n Thank" in their field.
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p>The latest company to take a stand against non-fungible tokens: Mojang Studios, the developer of the massively popular video game Minecraft.
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p>In a statement that was released today on the official Minecraft website, which is titled "Minecraft and NFTs," the company made it crystal clear that it would not allow any sort of blockchain or NFT integration with its game.
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p>Mojang Studios and Minecraft laid out a number of arguments for why they are against NFTs. For one, they made it clear that fake scarcity plays an important part in it. NFTs, also known as tokens that are not fungible, are basically digital assets stored on blockchain. A unique token is minted and linked to a media file in order to declare ownership of that piece that has transformed NFTs into an investment option for speculation.
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p>The statement makes clear that Minecraft does not oppose monetization and cites the example of users charging for access to a Minecraft server as an approved use scenario. However, because NFTs will alter the game's gameplay dynamics and give players who have monetary advantages in games The Minecraft developer is against the technology. https://prioritygame.com/ </p>
p>"To ensure that Minecraft players have a safe and inclusive experience, blockchain technology is not permitted to be integrated inside our Minecraft client and server applications. Nor can be used to create NFTs associated with any in-game content, like skins, worlds, items, or any other mods," declares the statement.
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p>The developer also raised concerns about the trustworthiness of third-parties who mint Minecraft-related NFTs, and their tendency to drop projects, and fraudulently inflate prices on the NFT aftermarkets.
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p>Molly White, the Web3 is going Great website, succinctly stated that "No blockchain is needed for the game of block" The website monitors the scams as well as the drama and frauds in the Web3 world. This includes NFT projects as well as cryptocurrencies.
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p>As White points out that the value of the existing (and not-approved) Minecraft NFT projects tanked on the news of Mojang Studios' statement. NFT Worlds also has a token associated with it and a token associated with it, saw the value of both the token and its NFT floor prices crater by more than 70 percent.
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p>Minecraft's Mojang Studios is far from the first video game company to operate completely free of NFTs. Gamers have made it clear that they don't like the idea of buying NFTs on top of the video games they already buy. Their skepticism about NFTs has caused the industry to follow. Sony just unveiled Playstation Stars, a loyalty program that rewards users with digital collectibles. Sony has made clear that these digital collectibles are not NFTs.
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p>"It's certainly not NFTs. Absolutely not. They can't be sold or traded. This isn't using any Blockchain technology and certainly not NFTs," Grace Chen, Sony's vice president of network advertising and loyalty said in an interview with The Washington Post.
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p>Mojang Studios ended its statement with a promise to be monitoring the progress of blockchain technology to be used in future use cases. However, this leaves the door open to future applications based on the existing possibilities. However, those who aren't a fan of NFTs can gain another victory at least for the near future.
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