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Games with NFTs or cryptocurrencies are banned on Steam

According to a new rule from Valve, games that use blockchain technology or allow players to trade NFTs or cryptocurrencies are not allowed to run on Steam. SpacePirate, a developer working on an NFT-based game, said the move was made because the business doesn’t allow toys of real value.

 

Games with NFTs or cryptocurrencies are banned on Steam

Steam will not allow games or other software to appear on the storefront when engaged in cryptocurrency or NFT transactions using blockchain technology.

Cryptocurrencies and NFTs have been marked in the list of prohibited app features in the About Steamworks document by Steam for developers sending titles on its platform, in particular “[a] Applications based on blockchain technology that issue or enable the exchange of cryptocurrencies or NFTs. “

It’s not immediately clear when the new rule will be added to the list, but according to Engadget it appears to have happened sometime after October 6th. Several developers appear to have been notified of the rule change directly from Valve. Steam isn’t the only place to buy PC games, however. According to CEO Tim Sweeney. The limitation doesn’t seem to apply to epic in-store titles. Epic said in an email on Friday that it is “open” to games that use NFT or cryptocurrency.

On Steam’s late August rules page, there are only 12 regulations and no mention of cryptocurrencies or NFTs. Another document missing the new rule is the Steamworks distribution program participation page.

 

Steam has a permanent censorship option

Steam has a history of controversial censorship decisions. Especially when it comes to erotic titles. However, it seems that more people are applauding Valve for this change than paying homage to NFT games (or mocking those who are upset about it).

It’s easy to see why Steam would want to avoid NFT. Aside from SpacePirate’s claim to real value (which seems weak given the huge commercial communities surrounding CS: GO skins and Team Fortress 2 headgear), NFTs and games on cryptocurrencies don’t really have the greatest pressure.

One developer sold NFTs with the promise that they would be included in a fighting game, but then disappeared for the same amount. Even if NFTs were allowed, it’s impossible to say how many of them would go well with Steam. Apple’s handling of apps like OpenSea and Coinbase when they decide to start selling NFTs could be one of the biggest questions right now.

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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.

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