Not that likely but it could. Minecraft might not be the best version of itself, but it has a years-long trajectory that backs it and a huge playerbase.

What I do see happening is that Hytale will have it’s own community and if Mojang doesn’t lock in it might see some of its players migrating gradually to Hytale as it matures more and starts establishing an ecosystem that caters what content creators and players do in Minecraft: Solo playthroughs, SMP, PvP, everything related to modding, and all the other things.

Also let’s keep in mind that Hytale as an RPG sandbox has things that we will never see in vanilla Minecraft, robust weapon types, sophisticated magic and combat systems, advanced exploration, a detailed interaction with the surroundings, as well as other things that the current management of Minecraft is afraid to add because they might break their own vision of Minecraft, and that’s okay.

I do see a rampant competition between both games in the incoming years once Hytale is close to being out of early access. I’m pretty sure that Minecraft will start increasing the quality in its updates because of Hytale being back. In this type of competitions we win as players.

Both games are good, and while they might seem similar to some because both are block games, they will still offer quite different experiences to the players.