Gabe Newell Explains Why Steam Banned NFTs: “Super Sketchy,” “Illegal Sh*t”

[Tsing]

Image: GameSpot



Despite the increasing amount of game companies out there that have dropped their pants to furiously wank at the prospect of NFTs, Valve has remained committed to its policy of banning any blockchain title that issues or allows exchange of the technology on Steam, something that the company decided to implement last year following the growing popularity of titles such as Age of Rust, a puzzle game that gifted players non-fungible tokens as an achievement.



The big guy himself, Gabe Newell, has now taken the opportunity to shed a little more light on that decision months later, telling Eurogamer in a new interview about why Valve is so opposed to the trending blockchain technology that has entranced some of the biggest publishers in the world, including Ubisoft. As indicated by his thoughts below, Newell’s problem with NFTs seems to have less to do about...

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[Dogsofjune]

In other words, We can't make money off of it. I hope it's a passing fad

 

[Brian_B]

Steam already has their own version of NFT - just without the crypto stuff. All those random stickers and crap that I have no idea wtf they are there for. They don't want any competition that bypasses the Steam storefront.

 

[Dogsofjune]

Meh, convert to gems....