"They didn't cite any evidence, they didn't even correctly point out the characteristics of NFTs are and they didn't even talk to NFT Worlds," noted Animoca Brands co-founder Yat Siu.
Yat Siu, the co-founder of crypto/NFT venture fund giant Animoca Brands, labeled the recent Minecraft NFT ban as "hypocritical" and stressed that nonfungible tokens (NFT) can be considered inclusive, despite arguments against it.
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As previously reported, Minecraft developers Mojang Studios announced the end of all NFT integrations within the game on Wednesday. The firm declared that NFTs were not in line with its valuessince they promote price speculation scarcity, exclusion, and the possibility of rug pulls.
In an interview with Cointelegraph, Siu expressed his displeasure at Mojang Studios, given the context in which NFTs were being integrated into Minecraft before the ban.
Projects like NFT Worlds were utilizing Minecraft's open source servers to host metaverse platforms that included NFT and crypto ecosystems constructed around it. The project appears to be fairly popular, considering that it has generated more than $80 million in NFT trading volume and claims to have around 100,000 users.