Baystreet Staff
Often referred to as digital art, NFTs are digital graphics and data stored on a blockchain, giving them a unique identifier, and making them collectible. NFTs are available in a range of products, including digital paintings and baseball cards. Some NFTs have sold for millions of dollars at auctions, though their popularity has declined as cryptocurrency prices have fallen this year.
Mojang Studios is banning non-fungible tokens (NFTs) from being sold within its popular Minecraft video game, saying it wants to foster an inclusive experience for players.
“To ensure that Minecraft players have a safe and inclusive experience, blockchain technologies are not permitted to be integrated inside our Minecraft client and server applications, nor may they be utilized to create NFTs associated with any in-game content, including worlds, skins, personal items or other mods,” Mojang wrote in a blog post.
Privately held Mojang, which is based in Stockholm, Sweden, said several companies have created NFTs to be used with the Minecraft video game, but it feels these tokens aren’t inclusive and “create a scenario of the haves and the have-nots.”
Mojang also raised concerns about fraud and artificially inflated prices for NFTs in its blog post.
The video game industry has not fully embraced NFTs, with many developers shunning them amid the current downturn in cryptocurrency prices. However, some analysts say they still expect NFTs to be widely adopted once someone finds the right way to integrate them into video games.
