NFTs have been gaining popularity and making headlines all over the place recently, especially with a number of huge publishers jumping on the craze. In October of last year, we saw Valve make the decision to block every blockchain game from Steam, they also took the time to update their policy documents in order to accommodate the changes made.
While these changes were well received by the community, it seems this wasn’t the case for everyone as Age of Rust developer spoke out claiming that Steam did not want to add items of real-world value into the store.
In an interview originally reported by EuroGamer he explains why he made that decision.
Eurogamer spoke to Valve co-founder Gabe Newell were he said “The things that were being done were super sketchy”, Newell went on to say “And there was some illegal shit that was going on behind the scenes, and you’re just like, yeah, this is bad. Blockchains as a technology are a great technology, that the ways in which has been utilised are currently are all pretty sketchy. And you sort of want to stay away from that.”
“We have the same problem when we’re accepting cryptocurrencies, 50 percent of the cryptocurrency paid for transactions were fraudulent, right? You look at that and you’re like, well, that’s bad. And then cryptocurrency volatility meant that people had no idea what price that they were actually paying. Yes, they were anchored to a cryptocurrency, but most people’s wages are not in cryptocurrencies.”
“So they’re like, how come I just paid $498 US dollars for this product? And if the answer is, you know, that’s what happens when you have a highly volatile currency that you’re paying for. That’s like, today, you paid 99 cents for it tomorrow, you’re going to pay $498 for and people that make people super cranky. So it just wasn’t a good method. The people who are currently active in that space are not usually good actors.”
Thankfully Valve are keeping Steam users safe from these kinds of technologies that can be harmful to the everyday user.