From Ubisoft to Konami to the Epic Games Store, game companies are doubling down on their NFTs as fast as others are retiring them. Valve, on the other hand, is unlikely to get involved anytime soon due to “a lot of criminal activity and a lot of sketchy behavior.” So says co-founder Gabe Newell, who recently spoke to us about his concerns about crypto.
While indie game store Itch.io labeled NFTs a scam, Newell is more open about the “underlying technology behind distributed ledgers” – but says there are just too many bad actors using this technology for nefarious enterprises, namely fraud and money laundering Steam banned games involving NFTs and cryptocurrency last year.