Minecraft Ban hypocritical and NFTs are Included Animocas Yat Siu

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"They did not provide evidence, they didn't correctly point out what NFTs are and they didn't even talk to NFT Worlds," noted Animoca Brands co-founder Yat Siu.



Yat Siu, the co-founder of the crypto/NFT venture fund giant Animoca Brands, labeled the recent Minecraft NFT ban as "hypocritical" and stressed that nonfungible tokens (NFT) can be inclusive, despite arguments against it.



As previously reported, Minecraft developers Mojang Studios announced an end to all NFT integrations within the game on Wednesday. Minecraft Servers Mojang Studios said that NFTs are against its values, as they promote price speculation, scarcity, exclusion and potential rug pulls.



Speaking with Cointelegraph, Siu expressed his displeasure at Mojang Studios, given the context in which NFTs were being integrated into Minecraft prior to the ban.



Projects like NFT Worlds were utilizing Minecraft's open source servers to host a metaverse platform that had NFT and crypto ecosystems built around it. It appeared to be quite popular due to its NFT trading amount of more than $80million and claims of having around 100,000 players.

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