• Latest
  • Trending
Steam Plans To Block NFT And Cryptocurrency Games

Steam Plans To Block NFT And Cryptocurrency Games

October 17, 2021
Coin Center on the Proposed IRS Broker Rules

Coin Center on the Proposed IRS Broker Rules

November 14, 2023
Charles Ponzi: The Man Who “Started” It All. | by Dimitrios Gourtzilidis | The Dark Side

Charles Ponzi: The Man Who “Started” It All. | by Dimitrios Gourtzilidis | The Dark Side

November 14, 2023

Rally Over Or Is There More To Go?

November 14, 2023
First XRP Ledger Sidechain Takes Major Governance Step: Details

First XRP Ledger Sidechain Takes Major Governance Step: Details

November 14, 2023
Introducing the Fizen Super App with Solutions to Boost Crypto Payments and Web3 Adoption

Introducing the Fizen Super App with Solutions to Boost Crypto Payments and Web3 Adoption

November 14, 2023
IShares XRP Trust Filing Referred to Delaware Department of Justice

IShares XRP Trust Filing Referred to Delaware Department of Justice

November 14, 2023
Bearish Divergence? Bitcoin Price Rises, But Network Growth Sends Warning Signals

Bearish Divergence? Bitcoin Price Rises, But Network Growth Sends Warning Signals

November 14, 2023
Disney partners with Dapper Labs to launch NFT platform

Disney partners with Dapper Labs to launch NFT platform

November 14, 2023
Delaware authorities refer fake BlackRock XRP trust filing to state’s Justice Department

Delaware authorities refer fake BlackRock XRP trust filing to state’s Justice Department

November 14, 2023
  • Privacy Policy
Tuesday, November 14, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

Steam Plans To Block NFT And Cryptocurrency Games

J_News by J_News
October 17, 2021
in Crypto Technical Analysis, Top News
0
Steam Plans To Block NFT And Cryptocurrency Games
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter


According to a recent revelation, Valve Corporation, the parent company of Steam, plans to ban cryptocurrency and NFT games from its platform. This development was brought to light by SpacePirate Games, the developers behind the Age of Rust game. In the Twitter thread, they revealed that Valve will soon phase out all such games from its platform.  

Related articles

Coin Center on the Proposed IRS Broker Rules

Coin Center on the Proposed IRS Broker Rules

November 14, 2023
Charles Ponzi: The Man Who “Started” It All. | by Dimitrios Gourtzilidis | The Dark Side

Charles Ponzi: The Man Who “Started” It All. | by Dimitrios Gourtzilidis | The Dark Side

November 14, 2023

Community: A few minutes ago, we were notified that @Steam will be kicking *all blockchain games* off the platform, including Age of Rust, because NFTs have value. Behind the scenes, we’ve had good communication and have been upfront with Steam. #blockchaingames #NFT
1/4 pic.twitter.com/W4pR3Xl63q

— Age of Rust (@SpacePirate_io) October 14, 2021

What SpacePirate Had To Say

SpacePirate stated that they had remained quite transparent when it came to the NFT feature in their games with Steam. Developers added that they were disappointed with the development. According to the Twitter handle, it was a major setback for everyone in the space since all blockchain and NFT games would soon be taken down. They concluded by stating that they would continue to work on empowering their community and developing NFTs instead of trying to fight Steam.

Future Of NFT And Crypto Games On Steam

According to steam’s latest guidelines, these items have value. As a result, they cannot continue to exist on Steam since items with real-world value are not accepted there. One reason why Valve Corporation could have taken this step is due to a 2018 ruling in Washington State, the home of Valve. In a ruling by a federal appeals court, a ruling was upheld that stated virtual chips in an online casino game Fish Casino were “a thing of value” in Washington State. Consequently, availing the game in Washington State constituted carrying out an illegal gambling operation.

The decision by Valve could have a major impact on the future of NFT games. Currently, many companies are still testing the incorporation of NFTs into their games. With third-party distribution services like Valve unwilling to support such features, it could make NFT and crypto games less attractive. However, due to the nature of the internet and blockchain technology, it would still be quite difficult to get rid of these games. The only issue is that it will make it hard for such features to enter the mainstream market.

Valve Has Not Responded

While they have made an update to their rules, there has not been any public comment from Valve. It would appear that there is no intention to make a public comment on this issue soon. There are several cryptocurrencies and NFT games on Steam besides Age of Rust. These games include Mir4, which lets players earn in-game crypto rewards. However, the game has remained unpopular with players due to how boring the gameplay is. 

There is also no set timeline for when these games will be taken down. As of October 16, 2021, all games that feature NFTs and cryptocurrencies are still accessible on the platform. However, developers would be wise to start looking for alternatives and recalibrating their development plans. 

An Opportunity For Others

While Valve may have decided to dump NFTs and crypto-based games, there is still an opportunity for others. Another platform could seize the opportunity to create a platform for crypto-based and NFT games.

Go to top

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however, no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the cryptocurrency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal, or accounting advice.

This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal, and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.

The post Steam Plans To Block NFT And Cryptocurrency Games appeared first on Visionary Financial.





Source link

ShareTweetShareShare
Previous Post

Bank Of England Will Scramble To Buy BTC Before It Hits $1 Million, Says Bitcoin Maximalist

Next Post

BTC, ETH, DOGE and SHIB Price Analysis for October 17

Related Posts

Coin Center on the Proposed IRS Broker Rules

Coin Center on the Proposed IRS Broker Rules

by J_News
November 14, 2023
0

The so-called broker rule, laid out by the IRS in a tax reporting proposal has been at times called unconstitutional,...

Charles Ponzi: The Man Who “Started” It All. | by Dimitrios Gourtzilidis | The Dark Side

Charles Ponzi: The Man Who “Started” It All. | by Dimitrios Gourtzilidis | The Dark Side

by J_News
November 14, 2023
0

Charles Ponzi is perhaps one of the most famous conmen in history.In this article, the main focus will be on...

Rally Over Or Is There More To Go?

by J_News
November 14, 2023
0

The Chainlink rally has slowed down recently; here’s what the various LINK on-chain metrics look like to see if the...

First XRP Ledger Sidechain Takes Major Governance Step: Details

First XRP Ledger Sidechain Takes Major Governance Step: Details

by J_News
November 14, 2023
0

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views...

Introducing the Fizen Super App with Solutions to Boost Crypto Payments and Web3 Adoption

Introducing the Fizen Super App with Solutions to Boost Crypto Payments and Web3 Adoption

by J_News
November 14, 2023
0

The Fizen Super App, fueled by numerous partnerships, is revolutionizing how people engage with and spend cryptocurrencies daily. With a...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

XRP Dominance Reveals Start Of Next Parabolic Price Move

Bitcoin SV price prediction as it climbs 71% in 24 hours

Bitcoin Price Surges Past $29,400, Here’s Why

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT