The video game company Valve, which operates the game platform Steam, among other things, has told its users that content related to cryptocurrencies or NFTs are not allowed.
Updated Steam Guidelines
This was also observed by the game developer ‘SpacePirate’. Steam’s guidelines have reportedly been updated on what developers are allowed to publish on the Steam platform. With the new change, it now states that no applications built on the blockchain technology that issue or permit cryptos or NFTs may be published on the platform.
The new rule appears alongside guidelines that prohibit hate speech, sexually explicit images, and defamatory or defamatory statements. SpacePirate said the following about the new rule:
“Steam’s stance is that items have value and they don’t allow items that can have real value on their platform. While I respect their choice, I fundamentally believe that NFTs and blockchain games will be the future.”
Community: A few minutes ago, we were notified that @Steam will be kicking *all blockchain games* off the platform, including Age of Rust, because NFTs have value. Behind the scenes, we’ve had good communication and have been upfront with Steam. #blockchaingames #NFT
— Age of Rust (@SpacePirate_io) October 14, 2021
Blockchain gaming is growing in popularity
Although the blockchain gaming world is still relatively small, it continues to grow. Particularly in the past year, the popularity of blockchain gaming has increased significantly. While it is not certain whether this rule will be there forever, the choice to ban all these video games could be financially disadvantageous for Valve.
According to a recent report from DappRadar the number of unique active wallets connected to decentralized gaming applications reached a total of 754,000 for the third quarter of 2021.
Many blockchain games allow players to earn token rewards in the real world and trade in-game NFTs, providing a possible path to promote crypto adoption.
However, Valve doesn’t seem to be embracing blockchain technology just yet. At first, however, it didn’t seem like this. In 2016, the company announced that it would allow Bitcoin (BTC) payments. However, this choice was later reversed due to the high transaction costs at the time and the degree of volatility. It is still unknown what Valve’s next move will be with regard to cryptocurrencies and/or the blockchain technology.