Minecraft ban is 'hypocritical' and NFTs are inclusive: Animoca's Yat Siu

"They didn't cite evidence, they didn't even properly state what NFTs are, or talk to NFT Worlds “, noted Yat Siu, co-founder of Animoca Brands.

Yat Siu, the co-founder of crypto/NFT venture capital fund giant Animoca Brands, called the recent Minecraft NFT ban “hypocritical” and pointed out that non-fungible tokens (NFTs) can be inclusive, despite arguments to the contrary.

As previously reported, Minecraft developers Mojang Studios announced a ban on all in-game NFT integrations on July 20. The company has said that NFTs are contrary to its values ​​because they promote price speculation, scarcity, exclusion, and potential stack draws.< /p>

Speaking with Cointelegraph, Siu expressed his frustration with Mojang Studios given the context in which NFTs were integrated into Minecraft before the ban.

Projects such as NFT Worlds used Minecraft's open source servers to host a metaverse platform around which crypto and NFT ecosystems were built. The project appears to be relatively popular, considering it has generated over $80 million in NFT trading volume and claims to have around 100,000 players.

The Animoca Brands co-founder noted that he finds it hypocritical that Minecraft excludes a small portion of the userbase, given that the company said it values ​​"inclusion" and suggested NFT integrations in the exclusion of game players.

"The general perspective is that it's hypocritical, NFTs haven't hurt anyone in Minecraft, it's very clearly a minority. It wasn't an actual proof of harm ruling, it's was a preference...