Steam would block cryptocurrency and NFT games


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Valve is reportedly blocking cryptocurrency and NFT games on its Steam digital distribution network, according to SpacePirate Games, developer of Age of Rust.

The studio said on Twitter that Valve was going to remove all of these games from the platform, based on a screenshot of the rules and guidelines from Steam developers. He said games based on blockchain technology that issue or enable the exchange of cryptocurrencies or NFTs could not be distributed on Steam.

“Steam’s point of view is that Items have value and they don’t allow Items that can have real value on their platform,” the developer said.

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Valve has yet to comment on the post. The company may be concerned about gambling laws in Washington state, where Valve is based. Valve could be concerned about a 2018 ruling by the federal appeals court that upheld a ruling that the virtual chips for the Big Fish Casino social casino game were classified as a ‘thing of value’ under the law. from Washington.

This meant that gambling was considered an illegal gambling operation. There are other successful NFT games on the market such as Axie Infinity which allows players to buy and sell digital characters at a profit. Sky Mavis, the maker of Axie Infinity, has raised $ 153 million for a valuation of $ 3 billion. Such a move could have a big effect on a company like Sky Mavis, but the company doesn’t distribute Axie Infinity on any app stores. It has built an audience of two million daily users even though it is only available through the web. Hence, he avoids gatekeepers like Steam.

Still, Valve’s decision could have a real effect on the market, as many companies are on the verge of whether to make NFT games. NFTs use the transparent and secure blockchain digital ledger to authenticate unique digital items. These items can then be sold for higher prices at auction. This has been a good way for Sky Mavis to generate income and share the profits with its players.


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