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Epic Games Won’t Follow Minecraft’s Decision to Ban NFT, Says CEO

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Tim Sweeney, CEO of Epic Games, said his company “certainly won’t” follow the lead of the creators of Minecraft by outlawing nonfungible tokens (NFTs).

As was previously reported, NFT integrations were prohibited by Minecraft’s creators Mojang Studios on Wednesday because they consider the speculative nature of NFTs, as well as their scarcity, dangers of exclusion, and potential for scams, to be incompatible with the game’s core values.

The action was seen negatively by the NFT community, but positively by the group of gamers who are skeptical about cryptocurrencies.

Epic Games is behind the popular Fortnite

Fortnite, a hugely popular battle royale game and platform for the Metaverse, was developed by Sweeney’s business. While not necessarily in favor of cryptocurrency or NFTs, Epic Games’ CEO stated that the company has no intention of imposing any opinions on the matter.

Twitter user Low5ive responded to the tweet by asking Sweeney whether Epic Games had a different policy on “hateful/discriminatory stuff” than this. Sweeney responded by saying that while Epic Games does make “editorial” decisions, NFTs do not currently come under them.

NFT Worlds, a project that was created on one of Minecraft’s open source servers, now faces a huge challenge as a result of Mojang Studios’ NFT prohibition.

The NFT Worlds team declared following the Mojang news that it is now “brainstorming solutions” on how to proceed. The team said it is attempting to contact Minecraft to see if a potential answer may be discovered. If not, switching to a “Minecraft-like game engine” or the GameFi platform has been suggested as an alternative.

Minecraft to Step Back From NFT as Mojang Studios Bans NFT Integrations

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On Wednesday, Minecraft developer Mojang Studios announced that it will be removing nonfungible tokens, or NFTs, as well as blockchain technology in general, from its famous eponymous game. Mojang explained the decision as follows.

“Like any digital file, NFTs can be copied, moved, or even deleted. Additionally, NFTs and blockchain have also been associated with price speculation. These uses of NFTs and other blockchain technologies create digital ownership based on scarcity and exclusion, which does not align with Minecraft’s values of creative inclusion and playing together.”

Minecraft blog
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Minecraft to Step Back From NFT as Mojang Studios Bans NFT Integrations 2

Mojang stated that blockchain technologies will be banned inside Minecraft to ensure safety

According to Mojang, “blockchain technologies are not permitted to be integrated inside our client and server applications to ensure that the players have a safe and inclusive experience, nor may Minecraft in-game content such as worlds, skins, persona items, or other mods be used by blockchain technology to create a scarce digital asset.”

The business also chastised the “speculative pricing” and “investment mindset” around NFTs, which detract from the gaming experience and encourage profiteering at the expense of long-term game playability.

To back up the restriction, it cited rug-pulls involving specific third-party NFT integrations, as well as NFT wash trading or fraudulent price manipulation. Third-party blockchain technology cannot be incorporated with Minecraft client and server apps under the new guidelines.

They may also not be used to generate NFTs related to any in-game material, such as worlds, skins, persona items, or other modifications.

Although the modifications do not affect most of the players, they are expected to have a substantial impact on a tiny group of players who profit from in-game NFTs.