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US game distribution platform Steam bans blockchain and NFT games

Steam, a digital game distribution service operated by Valve, has removed all NFT or cryptocurrency related games. US

An update added to Valve’s introductory page states that such apps should not be released on Steam as a blow to players adopting new technology.

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As blockchain-based games like Axie Infinity grow in popularity, NFT games seem to “split” the profits of traditional games or even lose market share.

In late September, Epic Games CEO Tim Sweeney categorically rejected the idea of exploring NFT. In a somewhat damning tweet, Tim described the booming crypto sector as “a mix of persistent scams”.

Meanwhile, a recent job posting from EA Sports, a division of gaming giant Electronic Arts, suggests they’re ready to dip their toes in the NFT.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.