Steam bans all video games with NFTs or cryptocurrency

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Valve has quietly sent a new edict: No NFTs or cryptocurrency on Steam. The lately current Steam distribution onboarding rules precisely ban any “purposes created on blockchain technological innovation that issue or permit exchange of cryptocurrencies or NFTs.”

In short, NFTs are distinctive digital receipts (saved on a blockchain, a kind of irreversible ledger database) that are ordinarily correlated with ‘ownership’ of a jpg file or some other piece of digital media. NFTs are usually procured with cryptocurrency these kinds of as Bitcoin or Ethereum (also blockchain transactions), which can be offered for US dollars and other national currencies at exchanges.