Two developers unaffiliated with Microsoft have built a blockchain layer on Minecraft.
The sandbox-style video game Minecraft, released back in 2011, is getting a Web3 update thanks to a few developers unaffiliated with Microsoft.
Some of Minecraft’s software is open source, meaning that anyone with the right technical knowledge can build upon it. And Minecraft doesn’t have an established economy like competitor Roblox, which has a robust virtual marketplace and its own (non-crypto) digital currency called Robux.
NFT Worlds gives players a metaverse experience in an existing game, which is big news for Minecraft fans and NFT collectors alike.
NFTs—unique blockchain-based tokens that signify ownership over an asset—can come in many forms. In the case of NFT Worlds, the NFTs are pieces of virtual land. There are 10,000 different Worlds, varying in appearance from snowy tundras to forest islands to massive volcanoes.
The current floor price—or lowest price to buy immediately without bidding—for a piece of land is 14.5 Ethereum, or about $38,150.
Since Microsoft bought Minecraft’s developer Mojang Studios for a whopping $2.5 billion in 2014, Minecraft’s player base has grown. The game had 131 million monthly active users in 2020 and over 141 million monthly active users in 2021.
NFT Worlds has seen an uptick in interest as well, reporting that over 26,000 player hours were logged on a test server in a three-day period this month. And from January to February this year, the average price for an NFT World suddenly increased by 10 Ethereum ($26,000) after remaining largely stagnant for months.
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