“They didn’t cite any evidence, they did not even accurately define what NFTs are and they didn’t even talk to NFT Worlds,” noted Animoca Brands co-founder Yat Siu.

Yat Siu, co-founder of the crypto/NFT venture capital 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 within the game on Wednesday. The company stated that NFTs were against its principles since they foster price speculation scarcity, exclusion, and potential rug pulls.

In an interview 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 with NFT and crypto ecosystems constructed around it. MINECRAFT SERVERS The project appears to be relatively popular, given that it has generated more than $80 million worth of NFT trading volume and claims to have around 100,000 users.