Minecraft to Ban NFTs from Platform

Minecraft to Ban NFTs from Platform

Minecraft is updating its usage guidelines to disallow the use of NFTs or any other blockchain technologies in its game, the company announced Wednesday.

“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 may Minecraft in-game content such as worlds, skins, persona items, or other mods, be utilized by blockchain technology to create a scarce digital asset,” Minecraft said in a statement.

NFT Worlds, a blockchain-based gaming platform built on Minecraft, said it has spoken with Minecraft’s intellectual property department “multiple times in the past” and they “never clearly indicated that anything we were doing was going to be ruled on (or) restricted.”

“We are as blindsided as you are,” said NFT Worlds in a Discord announcement.

The price of $WRLD, NFT Worlds native token, fell 58 percent to $0.015, and the floor price of the Worlds land NFT fell to 0.63 ETH after the statement was released. The floor price was 3.4 ETH about 24 hours ago.

Several projects including CryptoDads, Forgotten Runes, and Axolittles have games and communities built on NFT Worlds.

NFT Worlds plans on contacting officials at Microsoft, Minecraft’s parent company, for more clarification on the guidelines. It is not clear how Minecraft will enforce its new guidelines.

“In the event that we do have to change the NFT Worlds product, we will do our best to do so,” the project said. “Pivoting startups into new models/products to adapt to market conditions is something we're very familiar with, so that part doesn't worry us at all.”

Minecraft said it made the changes due to the "scarcity and exclusion" created by NFTs, calling them "not inclusive of all our community." the company was also "concerned" about the reliability of NFTs and "instances where NFTs were sold at artificially or fraudulently inflated prices."

"The speculative pricing and investment mentality around NFTs takes the focus away from playing the game and encourages profiteering, which we think is inconsistent with the long-term joy and success of our players," the company said.

The company said it will be "paying close attention" to blockchain technology and how it "evolves over time."

"However, we have no plans of implementing blockchain technology into Minecraft right now," it said.

Look for more updates from Lucky Trader as this story develops.

More about NFT Worlds

NFT Worlds is a fully decentralized 3D voxel-based metaverse NFT project comprised of 10,000 unique NFT worlds, originally using Minecraft and its open source ecosystem before NFTs were deplatformed from Minecraft. The metaverse has play to earn mechanics using the $WRLD token and allows owners to create their own limitless metaverse games or experiences for players or exclusive communities within their worlds. Additionally, world owners can stake their world and while staked make it available for rent. Owners set their monthly price to rent their staked NFT World in $WRLD token.

At the time of publish, the NFT Worlds floor price sits at 0.62 ETH, and has stayed relatively flat over the past 24 hours on 11 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 1 NFTs and no sharp wallets have bought NFTS in the the NFT Worlds collection. Catch up on other recent NFT Worlds news here.

Recent NFT Worlds Sales

#9709sold at 12/05 5:12pm for
#5034sold at 12/05 4:12pm for
#2492sold at 12/05 11:12am for
#7862sold at 12/04 11:12pm for
#7242sold at 12/04 11:12pm for

Recent NFT Worlds Listings

#5944listed at 12/05 9:12pm for
#5944listed at 12/05 9:12pm for
#9271listed at 12/05 9:12pm for
#9271listed at 12/05 9:12pm for
#937listed at 12/05 9:12pm for
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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