Gabe has been actively discussing in the media support for the new Steam Deck hardware from Valve. This gave him many opportunities to express his opinion on the state of the industry. His comments appear after ban on NFT and all blockchain games on the Steam platform. The move was welcomed by the community, but was criticized by developers creating blockchain games. This has leaked into the wider discussion that developers and publishers have around the concept of a “metaverse”.
In an interview with EurogamerNewell explained that Valve made the decision after discovering that NFT and blockchain activity in some of these games was “very sketchy.” While he says that blockchain as a form of technology is great, the way it is currently being used is not.
In addition, he explains that the same problem occurs with the use of cryptocurrencies. Newell notes that 50 percent of the cryptocurrencies paid per transaction were fraudulent, and the currency’s volatility meant people didn’t know how much they were paying for things on Steam. “Today you…