Minecraft Goes Web3 With NFT Worlds Blockchain Layer Built by Non-Microsoft Developers

Minecraft, the massively popular sandbox-style game that was acquired by Microsoft in 2014, has received a Web3 update thanks to developers at crypto-gaming project NFT Worlds. It is a project built on third-party Minecraft servers with a Polygon-based overlay and it is on the Ethereum sidechain that offers low gas fees for the users. The layer aims to create a metaverse-like experience that's available to the 141 million users who log in monthly on average to play Minecraft.

The NFT Worlds' blockchain layer on Minecraft will allow players to access Web3 features, such as an online shop where they can buy items for their Minecraft experience using the WRLD token. Additionally, it transforms the game into a world similar to Decentraland.

Users can purchase lands using cryptocurrencies, and since it uses Polygon, a cost-effective and fast layer-two solution for the Ethereum blockchain, users can avail lower gas fees. NFT Worlds features individual non-fungible tokens (NFTs) that serve as lots.

Some of Minecraft's software is open source, which means that anyone who has the right technical knowledge can build upon it. Minecraft doesn't have an established economy such as competitor Roblox which has a robust virtual marketplace and its own digital currency dubbed Robux. The NFT Worlds layer gives the players a metaverse experience in the game which is major news for fans of Minecraft and NFTs.

"We didn't want to have to 'reinvent the wheel' by creating our own unproven game from scratch, while also having to innovate on the NFT integration and decentralised metaverse side of the platform we envisioned. This would take far too long to deliver on," the project's documentation states.

NFT Worlds has already generated $90 million (roughly Rs. 680 crore) in trading, even though it gave away 10,000 worlds for free and claims that it only makes money from “royalties and secondary sales.” According to NFT Worlds, about 100 other NFT projects are building worlds in Minecraft using its NFTs, which include MetaCollar, Neckville, and Creepy Creams DAO.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.