Online games news Tedious Retro Gamer, 25-10-2025
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The Valve’s famous moneymaker, CS:GO skins market, loosely attached to well-known game Counter Strike: Global Offensive, just crashed in a spectacular way and it is all down to Valve.
If you don’t know how much money is being laundered, sorry I meant exchanged, via CS:GO skins market, then clearly you have lived a full life. Let me just explain that it is billions of dollars. Supposedly. At least in theory, because the skins are nothing else than good old NFTs, just loosely based around the game itself.
By changing one detail in the market rules, the fact that you can exchange few low-value items for a single high-value item, all the rarity of NFTs on the market has more or less vanished. The "investors", as they call themselves, had lost between 30 and 50% of their collection "value".
Of course, just like with other NFTs, no one sane would buy them for any other reason but to sell it later for higher value, but in theory they can be used in the game itself. According to some sources, the overall "value" of the items in the market have dropped overnight by 3 billions dollars.
And all the rest of us can say, apart from the "investors", is... oh, well, never mind.
25-10-2025
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