- A Group of blockchain companies and Projects wrote an open letter to video game corporation Valve
- A group of Companies is requesting Valve to reverse down its decision to ban Blockchain technology on Steam
- As per experts, Valve could suffer a financial loss by not adopting blockchain technology
Fight For the Future, Blockchain Game Alliance, Enjin, and 26 blockchain game companies have written an open letter to video game corporation Valve to reverse its decision on the blockchain-based games as the company refused to allow content related to cryptocurrencies and non-fungible tokens (NFTs) on its platform Steam.
As per the letter released on the website of Fight for the Future, the group of companies and leading blockchain projects requested the valve to rethink its decision to “prohibit an entire category of software from the Steam platform”. The group of companies urged Valve to allow them to continue operation and development such as blockchain-based games and NFT rewards.
On Oct 14, Steam had updated its rules and blocked the game or any content built on blockchain technology, and removed all the blockchain-related content from the platform.
“Games that utilize blockchain technology and web3 token-based technologies like DAOs (decentralized autonomous organizations) and NFTs can positively enhance the user experience of games, and create new economic opportunities for users and creators,” the companies said.
“Valve Web3 games are a fast-moving and exciting category of games that have a place within the Steam ecosystem,” the companies said in their letter. “Please consider changing your stance on this issue and permit tokens and, more broadly, the use of blockchain tech on the Steam platform.”
Many Crypto experts and Intellectuals assert that Valve is losing big financial profit by not accepting blockchain technology, while its development is at its peak level and other companies are adopting this revolutionary technology.