Minecraft Ban 'hypocritical' and NFTs are Inclusive - Animoca's Yat Siu
Yat Siu, co-founder of Animoca Brands, stated that they did not cite any evidence and did not correctly point out NFTs.
Yat Siu, the co-founder of the crypto/NFT venture fund giant Animoca Brands, labeled the recent Minecraft NFT ban as "hypocritical" and emphasized that nonfungible tokens (NFT) can be inclusive, despite claims to the contrary.
As previously reported, Minecraft developers Mojang Studios announced the end of all NFT integrations within the game on Wednesday. According to the company NFTs go against its principles because they encourage speculation on prices as well as exclusion, scarcity and speculation and could lead to rug pulls.
In an interview with Cointelegraph, Siu expressed his displeasure with Mojang Studios, given the context in which NFTs were being integrated into Minecraft prior to the ban.
Projects like NFT Worlds were utilizing Minecraft's open source servers to host a metaverse platform that had NFT and crypto ecosystems built around it. The project appeared to be relatively popular, considering that it has generated more than $80 million worth of NFT trading volume and claims to have over 100,000 players.