Mojang has just announced that "Minecraft Xbox One Edition", one of the most anticipated games of the year for next generation consoles, will be available on Xbox Live Marketplace this August for $19.99.

• Minecraft: Xbox One Edition will be released on Xbox Live Marketplace in August. It brings significantly bigger worlds and a greater draw distance than Xbox 360 Edition.
• It will include all the features from the most recent Xbox 360 title update.
  
• Minecraft: Xbox One Edition will cost $19.99.
• If you’ve bought Minecraft: Xbox 360 Edition from Xbox Live Marketplace, or played online with the disc version, you will be able to upgrade to Xbox One Edition for $4.99.
• You will be able to upgrade for a minimum of a year after the release date.
• Players with Minecraft: Xbox 360 Edition saves will be able to import their worlds to Xbox One. Unfortunately, you won’t be able to transfer saves from Xbox One to Xbox 360. We can make worlds bigger without too much stress, but shrinking them causes all kinds of problems.
• Cross platform play will not be possible between Xbox 360 and Xbox One.
• Many, but not all, of the DLC skins and texture packs you’ve purchased for Xbox 360 Edition will be available for use in Xbox One Edition. We’d like to say all your DLC would transfer, but some of the
  items are trapped in licensing deals that are too boring to get into here. We’ll have more on this soon.