On October 16th according to few latest developments, game developer SpacePirate disclosed that Valve’s game and software platform Steam has introduced new regulations. Games that use blockchain technology or allow users to exchange NFTs or cryptocurrencies will not be allowed on Steam.
To put this situation in context, you need to know that SpacePirate is a developer that develops NFT-based games. The company pointed out that Steam did this because it does not allow game channels to have practical value.
Steam rival Epic Games said on Friday that it is “open” to games that use NFTs or cryptocurrencies.
As of the end of August this year, Steam’s rules page showed that there were only 12 rules, and there was no mention of banning cryptocurrencies or NFTs. The new rule is not mentioned in other documents, and it is currently not displayed on the Join Steamworks Distribution Program page.
Steam has made many controversial decisions before, especially when it comes to games with pornographic content. However, in the latest situation, people don’t seem to put pressure on Steam, and most of the tweet’s replies to SpacePirate are praising Valve for this move. Valve did not immediately respond to a request for comment.
NFT allows the buying and selling of ownership of unique digital projects and the use of blockchain to track the owners of these projects. NFT stands for “non-fungible token”. Technically speaking, it can contain any digital content, including paintings, animated GIFs, songs, or items in video games.
NFTs can be unique, such as paintings in real life, or copies of many NFTs, such as transaction cards, but the blockchain will track who owns it. NFT has recently made headlines, some even sold for millions of dollars.
Steam wants to avoid NFTs on its platform for understandable reasons. The current reputation of games based on NFTs and cryptocurrencies is not very good.
For example, “Evil Ape”, the anonymous developer behind the well-known NFT project Evolved Apes, disappeared without a trace after taking away $2.7 million. In addition, some game concepts using NFT may be interesting, but it is difficult to say how many of them are suitable for Steam.
Most people are currently concerned about Apple’s attitude and how it will treat applications such as OpenSea and Coinbase if it decides to start allowing users to purchase digital tokens.
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