• Wed. Jun 22nd, 2022

Steam To Ban Games That Use Blockchain Technology For Cryptocurrencies And NFTs

ByHazel R. Lang

Oct 15, 2021

Steam will no longer host games that involve cryptocurrencies or blockchain-powered NFTs, according to a newly added rule.

Game developer Age of Rust highlighted the new rule on Friday. “A few minutes ago we were informed that Steam was going to launch all blockchain games off the platform, including Age of Rust, because NFTs are valuable, ”the developer tweeted.

The text of the new rule. (To smoke)

Valve, the company behind Steam, appears to have quietly added the new rule on Thursday, according to to the Internet archives. But so far, the company has not explained the reasoning behind the ban. Valve did not immediately respond to a request for comment.

In the meantime, the developer of Age Rust – a game that has yet to be released – claims Valve isn’t comfortable with how NFTs can buy and sell for hundreds, if not thousands of dollars. dollars.

“Steam’s point of view is that items have value and they don’t allow items that may have real value on their platform. While I respect their choice, I fundamentally believe that NFTs and blockchain games are the future, ”Age of Rust said in a follow-up. Tweeter.

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It is clear that blockchain-powered cryptocurrencies can be equivalent to real money. But the lines are less clear with NFT, which stands for non-fungible tokens. NFTs are often viewed as digital collectibles, spanning artwork, basketball cards, and scrapbooks, which have been built on a blockchain. The same items can also be worth thousands of dollars or more, depending on scarcity and demand.

Does this make an NFT any different from an ultra-rare weapon a player has received in a multiplayer game? You can see how Age of Rust would argue that there is little difference. The developer plans to use NFTs to help players trade and sell in-game items. But it appears Valve has no interest in debating the matter, although the company has previously said it does not. would not censor controversial games on Steam.

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