Cryptocurrency 10 minutes ago (Jul 24, 2022 05:00AM ET)
Minecraft ban ‘hypocritical’ and NFTs are inclusive: Animoca’s Yat Siu
Yat Siu, the co-founder of crypto/NFT venture fund giant Animoca Brands, labeled the recent Minecraft NFT ban as “hypocritical” and emphasized that nonfungible tokens (NFT) can be inclusive, despite arguments to the contrary.
As previously reported, Minecraft developers Mojang Studios announced a ban on all NFT integrations in the game on July 20. The firm stated that NFTs were against its values, as they foster price speculation, scarcity, exclusion and potential rug pulls.