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p>While some industries are figuring out their thoughts regarding NFTs The video game community is stating it clearly: NFTs stand for "No F'n Thanks" in their industry.

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p>The most recent company to stand up against non-fungible tokens: Mojang Studios, the developer of the massively popular video game Minecraft.

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p>In a statement put out today on the official Minecraft website, which is titled "Minecraft and NFTs," the company stated that it would not allow any form of blockchain or NFT integration with its game.

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p>Mojang Studios and Minecraft laid out a number of arguments as to why they are against NFTs. They made it clear that fake shortages play an important role in the process. NFTs, also known as non-fungible tokensare digital assets stored on a blockchain. To declare the ownership of a piece of NFTs, a unique token is created and linked to a media file.

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p>The statement makes clear that Minecraft is not opposed to monetizing, and uses the example of users charging for access to the Minecraft server as an approved use scenario. https://canvas.instructure.com/eportfolios/1448898/Home/Minecraft_The_Story_Of_Mojang_Hits_DVD_December_23 However, because NFTs would alter the game's gameplay dynamics and give players who have monetary advantages in games the game, the Minecraft developer is against the technology.

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p>"To ensure that Minecraft players enjoy an enjoyable and safe experience, blockchain technology is not allowed to be integrated within our Minecraft client and server applications nor may they be utilized to create NFTs associated with any in-game content, including skins, worlds, items, or any other mods," declares the statement.

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p>The developer also raised concerns about the trustworthiness of third-party companies that mint Minecraft-related NFTs, and their tendency to abandon projects, and to fraudulently raise prices on NFT aftermarkets.

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p>"No blockchain for block games," as Molly White of the website Web3 is Going Great concisely stated it. The website monitors the many scams, frauds, and drama happening in the Web3 world that includes cryptocurrencies and NFT projects.

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p>As White points out that the value of the existing (and not-approved) Minecraft NFT projects tanked following the announcement of Mojang Studios' statement. NFT Worlds that is also the token, saw the value of the token and its NFT floor prices drop by more than 70%.

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p>Minecraft's Mojang Studios is far from the first video game company to operate far away from NFTs. Gamers have stated that they aren't keen on the idea of purchasing NFTs in addition to the video games they already own. https://www.pearltrees.com/hailsusan78/item467175427 The industry has followed their lead and listened to their negative opinions. Sony recently unveiled Playstation Stars, a loyalty program that rewards gamers with digital collectibles. Sony has made clear that these digital collectibles were not NFTs.

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p>"It's certainly not NFTs. Absolutely not. They can't be sold or traded. This isn't using any Blockchain technology and certainly not NFTs," Grace Chen, Sony's vice president of network advertising and loyalty, told The Washington Post.

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p>Mojang Studios did end its statement with a promise to keep track of the development of blockchain technology to be used in future scenarios and leave the door open based on currently non-existent possibilities. However, gamers who dislike NFTs are likely to get another win at the very least in the near future.

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