Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Minecraft Developers Release Petition Against Gaming NFTs, Collecting Just 72 Signatures

Published 05/02/2022, 11:30 AM
Updated 05/02/2022, 12:00 PM
Minecraft Developers Release Petition Against Gaming NFTs, Collecting Just 72 Signatures

Tensions are rising between game developers and crypto enthusiasts slowly but surely.

‘Climate Replay’, a collective formed from core developers of Minecraft’s Mojang Studios, have initiated an NFT pledge, stating the supposed risks and dangers of NFTs and cryptocurrencies.

The main arguments presented by the developers in this NFT petition include:

  • Play-to-earn games are not healthy for the gaming community. The popularity of such games, where players are able to complete tasks and fulfil quests in order to receive crypto, are increasing rapidly. The makers of this petition argue that playing games should be fun and not become work.
  • Cryptocurrency hacks and scams expose the gaming industry to security issues. Axie Infinity’s Ronin Bridge scam is one of the most notorious recent acts, totalling $600 million in losses for the gamer community.
  • Huge environmental costs of crypto mining. Climate Replay claims that blockchain technology consumes a tremendous amount of electricity. However, Ethereum’s blockchain is already working on leaving significantly less carbon footprint and the system is planned to be upgraded by the end of August 2022.

IT Industry Shows Little to No Interest in the Pledge

A representative of Climate Replay, Cory Scheviak said ‘Our hope is that we can spread this around the industry and get as many companies and individuals as possible to sign’. Despite releasing the anti-NFT pledge last Monday, Climate Replay only managed to scrape together 72 signatures.

In conclusion, it looks like the immediate backlash from game developers against in-game NFTs is rapidly diminishing, and not many gaming industry specialists share the same opinion as the Minecraft developers. A number of modern-day entrepreneurs like Jeff Danley even see NFTs as something of an inevitability for the future of gaming.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Continue reading on DailyCoin

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.