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Minecraft To Make Its Debut In The Non-Fungible Token Business

Minecraft, a best-selling game, has planned to debut in the non-fungible token (NFT) business due to the efforts of two players in the blockchain industry.

It has been reported that Japanese crypto exchange Coincheck‘s upcoming NFT marketplace will feature NFTs backed by a plugin from the blockchain firm, EnjinCraft, which are playable in select Minecraft servers. 

However, Coincheck stated that they had previously been looking for a blockchain firm to help them develop their own NFT Marketplace, and Enjin came aboard to help make that a reality.

Bryana Kortendick, the Vice President of Operations and Communications at Enjin, said that this is not a partnership with Mojang or Minecraft. Rather, it is a collaboration between Coincheck and Enjin.

A new partnership will make Minecraft NFTs a reality before the end of 2020, reports @conexiondigicol — Cointelegraph (@Cointelegraph) September 9, 2020

Likewise, Craig Russo, the Director of Innovation at Polyient Games, claimed that one reason gamers are gravitating towards blockchain is that “unlike traditional games, blockchain environments permit players to gain true ownership of their in-game items.”

Thus, Russo praised that the collectibles market reached $370 billion, and quoted figures which show that in April 2020 alone, US consumers spent a record-breaking $10.5 billion on in-home gaming.

Source: Cointelegraph | Image: PC Gamer



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