Mojang Studios, the Microsoft-owned company behind Minecraft, issued a statement on NFTs. Mojang stated that NFTs are not allowed in Minecraft. The company stated that NFTs are exclusionary, and encourage profiteering. For more stories go to www.BusinessInsider.co.za. Mojang Studios - the company behind Minecraft - has made it clear that they won't be integrating NFTs within the game. NFTs or non-fungible tokens are unique digital assets that often appear in the form of digital art. Other major games studios have embraced a recent NFT craze and the gaming industry is seen by some as a major growth market for the tokens. Mojang said it was not going to jump on the bandwagon. Mojang stated in a statement that NFTs created models of scarcity or exclusion which were inconsistent with the guidelines and spirit of Minecraft. NFTs don't include all of our community, and create a scenario where the haves and the nots. Mojang appeared also to be concerned about NFTs within Minecraft leading to fraudulent activity. The speculative pricing and investment mentality around NFTs takes the focus away from playing the game and encourages profiteering, the company said. Minecraft java We are also concerned that some third-party NFTs may not be reliable and may end up costing players who buy them. Minecraft's popularity gives Mojang's statement heft. According to NPD Group data, Minecraft was America's most-played video game for the first three of this year. Mojang Studios is owned by Microsoft. Microsoft did not immediately respond when contacted by Insider to ask whether Mojang's statement was reflective of the company's stance as a whole on NFTs.
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