Minecraft ban hypocritical and NFTs are inclusive: Animocas Yat Siu

Yat Siu, co-founder of crypto / NFT venture fund giant Animoca Brands, has labeled the recent Minecraft NFT ban as “hypocritical” and, despite controversy, non-fungible tokens (NFTs) He emphasized that it can be inclusive.

As previously reported, Minecraft developer Mojang Studios announced on July 20th a ban on all in-game NFT integration.

Talking to Cointelegraph, Siu expressed dissatisfaction with Mojang Studios given the situation where NFTs were integrated with Minecraft before the ban.

Projects such as NFT Worlds used Minecraft’s open source servers to host a metaverse platform with cryptography and an NFT ecosystem. The project seemed relatively popular given that it generated over $ 80 million in NFT trading volumes and claimed to have about 100,000 players.

Co-founder of Animoca Brands said Minecraft emphasizes “inclusion” and Minecraft excludes a small part of its user base given that NFT integration into games is driving exclusion Said that it was hypocritical.

“In the general view, this is hypocritical and the NFT hasn’t hurt anyone in Minecraft. It’s clearly a minority. It’s not a decision of evidence of actual harm, it’s purely opinion-based. It was a preference decision. “

“They didn’t quote the evidence, they didn’t even point out exactly what the NFT was, and they didn’t talk to the NFT Worlds,” he added.

Siu admits that much of the traditional gaming community doesn’t want to have anything to do with NFTs, but in general, games are over-monetized and “further reduced in fairness.” I’m afraid. In this case, the user could choose to play on an NFT-related server, and there was no NFT integration forced on regular Minecraft users.

Siu emphasized that excluding the minority’s view means “actually hurting the entire community and hindering its growth.”

Related: Epic Games “Never Obey” Minecraft NFT Ban

In that NFTs are inclusive, Siu is all about how NFT technology or digital properties themselves deploy technology to drive community value, rather than facilitating inclusion or exclusion. Insist.

He said that in the right circumstances, game or Metaverse NFTs can provide users with the economics and power redistribution of the platform. From a Siu perspective, NFTs allow users to own tokenized stock on their favorite platforms. This can be used in any way that the user deems appropriate, as opposed to the Web 2 model, where the user is not provided ownership of the content or data.

What NFT does is redistribute the economics of the players who add value to the game. This has the same effect of decentralizing and redistributing the power dynamics in the game. [Therefore] It can give more freedom and power to the community, not just the community. “

“Property rights and freedom are intertwined. The next natural evolution is the digital property rights that either strengthen or actually create true digital freedom,” he added.