During the previous bull run, DeFi, Metaverse, and NFT all experienced growth.
The Metaverse and NFTs evolved from entertainment and product-based value creation, whilst DeFi enabled another type of value yield, lending, and banking. OpenSea and well-known NFTs ventures like Bored Ape Yacht Club(BAYC) have achieved success, but skeptics are now speaking out amid a bad market.
“In our Minecraft Usage Guidelines, we outline how a server owner can charge for access, and that all players should have access to the same functionality. We have these rules to ensure that Minecraft remains a community where everyone has access to the same content.”
The group bizarrely cited safety and the "inclusion experience" as two other main factors for their support of a blockchain ban.
Therefore, it will be prohibited for independent blockchain and NFT initiatives to create such Nong-Fungible Tokens utilizing the Minecraft trademark.
One such effort, NFT Worlds, previously used the source code for Minecraft as the foundation for an NFT-powered virtual world. As of the time of publication, they had generated a trading volume of about $170 million in NFTs. The co-founder of NFT Worlds, ArkDev, tweeted in response to the news.
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