The Currency Scene:
News, Events, and Stories about currency from around the world.

Valve Bans Games Built on Blockchain, NFTs, and Cryptocurrencies From Steam Gaming Platform

This past week, Valve, the parent company of the video game digital distribution service Steam updated its distribution onboarding guidelines. According to the newly updated rules, the company is banning any “applications built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTs.”

Newly Updated Onboarding Guidelines for Steam Says ‘You Shouldn’t Publish’ Applications ‘Built on Blockchain,’ or ‘Allow the Exchange of NFTs, Cryptocurrencies’

Valve seems to have an issue with games that involve blockchain technology, crypto assets, or non-fungible token (NFT) collectibles. The company quietly updated the firm’s onboarding page and the new rule was added to the list of games “you shouldn’t publish on Steam” Interestingly, Steam once supported bitcoin (BTC) for payments at the storefront but stopped supporting BTC in December 2017. The decision in 2017 was made 18 months after Valve allowed the storefront to accept the leading crypto asset for payments.

The updated guidelines show that Valve is now reluctant to allow blockchain games, NFT collectibles, and crypto assets on the platform. The decision to ban these concepts comes at a time when blockchain gaming and the NFT industry have exploded in value and popularity. For instance, the blockchain game Axie Infinity has been very popular and has captured $2.59 billion in all-time NFT sales, according to metrics.

Age of Rust Developer: ‘This Is a Setback for All’

On October 14, 2021, the developer of the blockchain game called Age of Rust detailed that the game would no longer be available on Steam. 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

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The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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