Steam bans all games with NFTs or cryptocurrency

Valve has quietly delivered a new edict: No NFTs or cryptocurrency on Steam. The recently updated Steam distribution onboarding guidelines specifically ban any “applications built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTs.”

In short, NFTs are unique digital receipts (stored on a blockchain, a sort of irreversible ledger database) that are typically correlated with ‘ownership’ of a jpg file or some other piece of digital media. NFTs are typically purchased with cryptocurrency such as Bitcoin or Ethereum (also blockchain transactions), which can be sold for US dollars and other national currencies at exchanges.

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