05/22/2014 04:19 pm ET Updated May 22, 2014

'Minecraft' Is Coming To The New Xbox And Playstation

Great news "Minecraft" fans, you can finally play the game you love on your next-generation gaming console.

Mojang, the studio behind “Minecraft," said Thursday that fans can expect the game on Xbox One, PlayStation 4 and PlayStation Vita in August. The upgraded game promises significantly bigger worlds and a greater draw distance than the previous version. Users who have already downloaded "Minecraft" will be able to upgrade to the new version for a slightly smaller fee than new users.

"Apologies for the delay, but putting 'Minecraft' on new consoles is a serious business," a statement on Mojang's website read, in part.

"Minecraft" for Xbox One will hit the Xbox Live Marketplace for $19.99 sometime in August. If you’ve already bought "Minecraft" for Xbox 360 from the Marketplace, or have played online with a hard disc copy, an upgrade will be $4.99.

The same rules apply for upgrades from PlayStation 3 to PlayStation 4 once the game hits the PlayStation Network in August. Those who wish to purchase the game for the PlayStation 3 or PlayStation Vita will be charged $19.99. However, if you already own the game for PS3, a Vita copy will be available for free. The Vita version will not be upgraded but will offer the most up-to-date PlayStation 3 version.

If you’re worried about losing all your fantastic progress from your previous console version, you’re in luck. Xbox 360 and PlayStation 3 players will be able to import their saved progress. Many, but not all, of the DLC skins and texture packs from the previous-gen version will transfer over. Unfortunately, Mojang says several are locked in licensing deals, and there’s no word yet on whether or not they’ll be brought over at any point.

Will you upgrade to the new "Minecraft" when it debuts? Let us know in the comments, or tweet us @HuffPostTech.