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NFTs have become one of the most controversial topics in the video game world in recent months. While some believe they are a scam, there are others who see them as the future of video games. So it got a lot of attention that Valve took a clear position on it by banning it from Steam, but why did they do it? Valve chief Gabe Newell already explained it.
in an interview with eurogamer, Gabe Newell was asked about the decision to ban NFT games from Steam. The manager made it clear that he made this decision, although blockchain technology is interesting, there are some dodgy projects, as well as some that are simply “illegal”.
“The things that were being done were very useless. And there were some illegal things going on behind the scenes, and you’re like, yeah, this is bad. Blockchain is a great technology, but the way it is being used today is quite questionable. And you want to stay away from it,” he explained.
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Newell’s explanation helps us understand the condition of the valve and why it makes sense. Let’s remember that when they banned such games in their store, there were people who criticized it, assuring that Valve was already doing something similar to NFT. team Fortress 2 or skin counter Strike Global Offensive, These statements tell us that Valve is not against the technology, it only fears that it is being used in a negative way.
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Newell also doesn’t look favorably on cryptocurrencies on Steam
In the same interview, Newell spoke on the topic of cryptocurrencies. The manager was concerned about the number of fraudulent transactions paid for with this type of currency. On the other hand, he pointed out that the volatility of currencies like bitcoin does not make it easy to have them as a payment option.
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“We have the same problem when we accept cryptocurrencies, 50% of the transactions paid with cryptocurrencies were fraud, right? You look at it and say, well, this is bad. And so the volatility of the cryptocurrency means was that people didn’t know what price they were actually paying. Yes, they were tied to a cryptocurrency, but most people don’t get their salaries in cryptocurrencies.
So they wonder: How did I pay $498 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. Like, today you paid 99 cents for the product. Tomorrow, you’re going to pay $498 USD. So it just wasn’t a good approach. People who are currently active in that field are usually not good actors.”
And you, what do you think about it? Do you think Gabe Newell is right? Tell us in the comments.
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