Minecraft creator Mojang is ditching NFTs

Minecraft is the best-selling game of all time with over 238 million copies sold all-time.

Igor Golovnev | sopa images | Light rocket | Getty Images

Mojang, the developer of Minecraft, is not a fan of non-fungible tokens.

Microsoftowned by the company, said on Wednesday that it will not support NFT in Minecraft because they “do not include our entire community and create a scenario for the haves and have-nots.”

NFTs are blockchain tokens. the purpose of which is to prove ownership of a unique digital object, whether it be a work of art or an avatar from a video game. Last year, NFTs attracted a huge influx, and prices for some of them reached millions of dollars.

Tokens have come under intense scrutiny from regulators and the general public due to the speculative nature of people buying them in hopes of making quick profits, as well as concerns about environmental impact belonging underlying blockchain technology.

In a blog post on Wednesday Mojang said NFT do not match the values ​​of Minecraft and therefore are not allowed in the game.

“NFT’s speculative pricing and investment mentality detracts from the game and encourages profit making, which we believe is inconsistent with the long-term joy and success of our players,” the company said in a statement.

“In order to provide Minecraft players with a secure and inclusive experience, blockchain technologies are not allowed to be integrated into our Minecraft client and server applications, nor can they be used to create NFTs associated with any in-game content,” the company said.

NFT is a particularly controversial issue among gamerswho rejected the initiatives Ubisoft and other publishers looking to incorporate this technology into their games.

Acquired by Microsoft in 2014 for $2.5 billion.Minecraft is the best-selling game of all time with over 238 million units sold all-time. The success of the game is due to the emphasis on accessibility and convenience for the whole family.

Last month, Microsoft co-founder Bill Gates criticized the NFT as “100% based on the greater fool theory– a reference to the idea that an overvalued asset can be inflated in price even more if there is a “bigger fool” willing to pay for it.