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Steam blocks NFTs and cryptocurrency

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Steam just took a stand against NFTs in the games available on the platform. Is this the first sign of getting back to normal?


Steam blocks NFTs and cryptocurrency

Steam, one of the biggest online gaming platforms, just put in the terms that games which include NFTs or cryptocurrency will not be allowed to be distributed. As Gabe Newell explained Steam does not take a stand against technology as such, they have problem with what is behind NFTs and cryptocurrency. Especially against potential use of that technology for money laundering schemes, scamming practices and other risks.

While so far the number of such titles on Steam was marginal, mostly due to vast archives of the platform, this is signal to gaming industry that, unlike lootboxes in the past, resistance against NFTs is not just gonna go away with time.

The interview with Gabe Newell can give worried games a glimmer of hope that recent madness surrounding NFTs (especially among publishers and in small number of cases game developers) is not the only view on that technology present on the highest level of gaming industry.



27-02-2022

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