Minecraft joins the NFT and Web3 space through Polygon

Minecraft, a video game published in 2011 is joining the non-fungible tokens (NFTs) space and the Web3 on the Polygon Network.


Minecraft, a video game published in 2011 is joining the non-fungible tokens (NFTs) space and the Web3 on the Polygon Network.
Minecraft NFT

NFT Worlds is a project that uses a Polygon-based overlay on third-party Minecraft servers. Polygon is an Ethereum sidechain that allows users to pay lesser gas prices (transaction fees).


Moreover, players will be able to access Web3 services such as an online shop where they can buy stuff for their Minecraft experience using the $WRLD ERC-20 token thanks to NFT Worlds' blockchain layer atop Minecraft.


Some of Minecraft's software is open source, which means that anyone with the necessary technical skills can extend it. And, unlike competitor Roblox, which has a large virtual marketplace and its own (non-crypto) digital currency called Robux, Minecraft lacks an established economy.


In addition, NFT Worlds allows players to explore the metaverse within an existing game, which is exciting news for Minecraft fans and NFT collectors alike.


There are 10,000 distinct Worlds, with icy tundras, wooded islands, and enormous volcanoes among them. A piece of land now has a floor price of 14.5 Ethereum (ETH), or around $38,150, which is the lowest price to acquire without bidding.


Minecraft's player base has expanded since Microsoft purchased Mojang Studios, the game's developer, for a stunning $2.5 billion in 2014. In 2020, the game had 131 million monthly active users, and by 2021, it had over 141 million.


Not that the NFT space has also experienced an increase in interest, with over 26,000 player hours logged on a test server in just three days this month.