NFT Worlds Crashes, Otherside Kodas

Published on: July 28th, 2022

NFT Worlds is a play-to-earn platform that aimed to create 10,000 tokenized, voxel-based worlds. The project originally planned to leverage Minecraft’s open-source ecosystem to offer gaming and social experiences. However, Minecraft decided to ban any NFT integrations within its ecosystem on July 20th, stating that NFTs “create models of scarcity and exclusion.” Within 24 hours of the announcement, floor prices of NFTs issued by the project dropped 80% from 3 ETH to 0.6 ETH, later recovering to 1 ETH in the following days.


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