Minecraft Goes Web3 With New NFT World On Polygon

Minecraft goes Web3 with its new NFT world on Polygon and the two developers unaffiliated with Microsoft, built a blockchain layer on the popular game Minecraft so let’s read more in today’s latest blockchain news.

The Sandbox-style video game Minecraft goes Web3 in a new update thanks to a few developers that were unaffiliated with Microsoft. The NFT World is a proejct built on third-party Minecraft servers with a Polygon-based overlay and it is on the ETH sidechain that offers low gas fees for the users. NFT World’s blockchain layer on Minecraft will allow the players to access Web3 features like online shops where they can buy items using the $WRL ERC-20 token.

In-game $WRLD purchasing, transactions & the P2E $WRLD layer will be rolling out soon. Completely frictionless, no gas required to spend/transact $WRLD in an NFT World.

In this demo video, we built a simple "Shop" using the $WRLD layer and bought an Apple in-game with $WRLD. pic.twitter.com/8XjCuzdkTG

— HYTOPIA (NFT Worlds) (@hytopiagg) February 12, 2022

Some of Minecraft’s software is open-source which means that anyone that has the right technical knowledge that 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 give the players a metaverse experience in the game which is major news for Minecraft fans and NFTs.

The NFTs which are unique blockchain-based tokens that signify ownership over the asset come in many forms. In the case of NFT worlds, the NFTs are pieces of virtual land and there are over 10,000 different worlds that vary in appearance with the current floor price to buy one without bidding is set at 14.5 ETH for a piece of land or about $38,150. Since Microstrategy purchased Minecraft’s developer Mojang Studios for $2.5 billion in 2014, the game base has grown immensely. The game had 131 million monthly active users in 2020 and about 141 million monthly active users in 2021.

The NFT worlds saw an uptick in interest as well and reported that over 26,000 player hours were logged on the test server in a three-day period this month. From January to February this year, the average price of the NFT would increase by 10 ETH after remaining stagnant for months. While some could balk at the upwards of $40,000 apiece for virtual land, the competing metaverse game The Sandbox comments much higher prices. Someone even paid $450,000 for a small piece of virtual land next to Snoop Dogg’s property in the game.

Here's a comparison of the playable size of 1 single NFT World vs The Sandbox & Decentraland.

This is not a joke.

If you've ever thought of where to build your metaverse project or your community's metaverse, etc…

We think you know who to pick 😉 pic.twitter.com/T92yeUMrIK

— HYTOPIA (NFT Worlds) (@hytopiagg) January 4, 2022

Compared to the Sandbox, whose economy is run by the SAND token, the NFT World’s properties are much larger. The ArkDev as the co-founder said that there are some concerns about the worlds being so large. Co-founder Temptranguil also added that without some kind of transportation or portal system, the player can’t just walk across the entire piece of land in the game.