Minecraft ban is “hypocritical” and NFTs are open to all: co-founder of Animoca explains

Jamal Molla
Written By Jamal Molla
I write about cryptocurrency, with a special interest in NFT and metaverse in particular.

Animoca Brands co-founder Yat Siu called the latest Minecraft NFT ban “childish” and underlined that nonfungible tokens (NFT) could be comprehensive regardless of contrary criticism.

As earlier mentioned, on July 20, NFT integrations in the game were banned by Mojang Studios, the makers of Minecraft. The company claimed NFTs went against its core principles since they encourage price manipulation, lack of supply, and the possibility of rug pulls.

Siu expressed his outrage at Mojang Studios in an interview with Cointelegraph, citing the circumstances surrounding the integration of NFTs with Minecraft before the ban. Projects like NFT Worlds were using open source Minecraft servers to run a metaverse platform with ecosystems for NFT and cryptocurrency developed around it. Given that it generated more than $80 million in NFT trading volume and is alleged to have about 100,000 players, the project seems to be rather prominent.

Given that the company has said that it prioritizes “inclusion” and that NFT integrations in games should encourage exclusion, the co-founder of Animoca Brands stated that he considered it disingenuous that Minecraft would exempt a small fraction of its user base.

Most people believe this is ridiculous because NFTs have not harmed anyone at Minecraft. Instead, this was based on personal choice without concrete evidence that it could cause harm. This is very different from South Korean prosecutors’ raid of crypto exchanges amid the Luna probe.

Siu agrees that many people in the conventional gaming sector are opposed to NFTs, typically out of concern that they will make games “even less fair” and overly lucrative. Users, in this case, had the option of playing on NFT-affiliated servers or not, and NFT integrations weren’t imposed on regular Minecraft players.

Siu emphasized that suppressing minority viewpoints has the effect of hurting the broader community and caging its growth. Regarding whether NFTs are inclusive, Siu firmly believes that it depends entirely on how the technology is used to create community value rather than whether NFT technology or the digital property promotes inclusion or exclusion.

NFTs redistribute the economics of the players who provide value to the game, which has the similar effect of democratizing and distributing the power structures inside games, thereby granting the group greater freedoms and authority so that it is no longer just a community.

“Freedoms and property rights are interwoven, and digital property rights are the next logical step to either improve or achieve full digital freedom,” he continued.

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