While players have long been able to charge for access to private Minecraft servers they control, the company's usage guidelines stress that "all players should have access to the same functionality" in those servers. i'm here This is in contradiction to the main point of NFTs which Mojang describes as "digital ownership that is based on scarcity or exclusion", which is not in line with Minecraft values of creative inclusion, playing together, and sharing.
Aside from those kinds of philosophical problems, Mojang also expresses concerns about "instances where NFTs were sold at artificially or fraudulently inflated prices" and situations where NFT assets "may require an asset manager who might disappear without notice." These kinds of issues mean that "some third-party NFTs may not be reliable and may end up costing players who buy them," Mojang warns.
Further Reading
Mojang does not rule out future NFT applications that could "allow for safer experiences or other practical applications in gaming." However, the company has "no plans of implementing blockchain technology into Minecraft right now."
A rug pull external?
Mojang's announcement has a huge impact on projects like NFT Worlds. NFT Worlds sells NFTs linked with world seeds that are used for specific Minecraft maps. OpenSea data shows total NFT Worlds trading volume of over 50,000 ETH (worth $76 million at today's exchange rates) since its launch last October, with individual world tokens selling for an average of around 2.5 ETH (about $3,700 today).
NFT World tokens are being traded daily for months. This is in addition to the wider crypto crash that has occurred in recent months. And the price of the cryptocurrency driving the NFT Worlds project cratered nearly 70 percent immediately following Mojang's announcement Wednesday.