Minecraft Ban 'hypocritical' and NFTs are Included - Animoca's Yat

Yat Siu, co-founder of Animoca Brands, stated that they did not cite any evidence and they did not properly point out NFTs.

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

As previously reported, Minecraft developers Mojang Studios announced an end to all NFT integrations into the game on Wednesday. According to the company NFTs are in opposition to its principles since they encourage price speculation, scarcity and exclusion, and could lead to rug pulls.

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

Projects such as NFT Worlds were utilizing Minecraft's open source servers to host metaverse platforms that included NFT and crypto ecosystems constructed around it. The project appeared to be relatively popular, considering that it has generated more than $80 million in NFT trading volume and claims to have more than 100,000 players.