Video games with cryptocurrencies or NFT not welcome on Steam

Key facts:
  • According to developers, Steam does not allow games that include items with real value.

  • Unlike Steam, Epic Games would allow NFT games in its store.

The video game retail platform Steam, one of the most popular in the market, does not want to sell games related to cryptocurrencies or non-fungible tokens (NFT). They have made this clear through an update to their policy on listing apps for their affiliates.

In those policies, there is a section called “what you should not publish on Steam”, whose last item is very clear: “Applications based on blockchain technology that issue or enable the exchange of cryptocurrencies or NFT”.

NFT game developers have spoken out about this veto. Such was the case with the creators of Age of Rust, a first-person game that will reward NFT for puzzle solving that is scheduled for release next year. According to its Twitter post , Steam’s explanation to game creators is that NFTs “have value”.

Steam’s point of view is that the items have value and they don’t allow items that may have real value on their platform. While I respect their choice, I fundamentally believe that NFTs and blockchain games are the future.

Age of Rust (@SpacePirate_io) on Twitter.

Meanwhile, other gaming platforms have decided to support NFT games. As detailed by the specialized media The Verge, Epic Games remains “open to games that support cryptocurrencies or blockchain-based assets” for sale in its store.

In this regard, Tim Sweeney, CEO and founder of Epic Games, said that its platform “will welcome games that make use of blockchain technology as long as they follow the relevant laws, disclose their terms and are age-rated by an appropriate group”. Also via Twitter, the executive added that, “while Epic does not use cryptocurrencies” in its games, they “welcome innovation in the areas of technology and finance.”

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NFT under scrutiny from regulators

As NFT trading cements itself as an industry that moves millions of dollars every day, more eyes are on the platforms and systems that use and trade these tokens.

Games like Axie Infinity, Plant vs. Undead and others of this style have managed to generate a huge wave of participants and new proposals for the use of NFT in the industry.The video game industry. And regulators are not indifferent to that.

Therefore, it is not surprising that there are already moves to closely monitor the activity on these platforms. An example of this is the alliance between Dapper Labs and Chainalysis to track NFT in order to prevent and detect illicit activities such as money laundering.

Also, the UK Gambling Commission recently opened an investigation into Sorare, a French fantasy football platform based on NFT from players around the world that is available to users in the UK.