Valve bans all games built on cryptocurrencies and NFTs from Steam

Steam will no longer host any game built on blockchain or allowing the exchange of NFTs or cryptocurrencies, new guidelines by Valve indicate. The decision might make sense for the gaming platform as such games rise to popularity.

Valve, the parent company of one of the largest video game platforms Steam, has announced a ban on applications built on blockchain technology. In addition, the company will also ban applications that issue or allow an exchange of cryptocurrencies or NFTs.

The decision has been reflected in a recent update for Valve's distribution onboarding guidelines. The new rules for onboarding on the platform are mentioned under the list of games “you shouldn’t publish on Steam.” The guidelines come as a shock to many, especially considering the company's friendly stance on cryptocurrencies in the past.