Valve chief criticized “sketchy” use of blockchain in games
Gabe Newell: In the future, a $1 game will cost 500 times as much
05.03.2022 - 07:45
259
1 min
0
What’s new? Amid the hype about the release of the new SteamDeck handheld console, Valve CEO Gabe Newell gave an interview to Kotaku magazine. In it, he criticized blockchain games, NFTs, and metaverses. In his opinion, the integration of cryptocurrencies in video games negatively affects their price and quality.
What else did Gabe Newell add? Valve chief believes that the use of blockchain in games is “super sketchy” and also leads to speculation.
“The nature of cryptocurrency payments could cause a $1 game to cost 500x that down the line.”
Newell claims that metaverses do not offer players anything new. They already had customizable avatars and open worlds with freedom of action in other video games. Back in October 2021, Valve banned all blockchain-based games on its Steam platform.
Useful material?
Telegram 
Twitter Crypto regulations
Under the new law, no cryptocurrency reserve can be created at the state level
Jun 11, 2025
Mining
This is the 300th block mined within this pool
Jun 5, 2025
Incidents
The marketplace started operating in 2022 and allowed trading in stolen personal data
Jun 5, 2025
Incidents
Hackers laundered assets using Tornado Cash, Thorchain, and Wasabi mixers
Jun 2, 2025
Market
After June 30, fines and prison sentences will be imposed for violating the rules
Jun 2, 2025
Crypto regulations
He also stated the country’s aspiration to become a Eurasian IT hub
May 29, 2025
Cryptocurrency rates
-
Bitcoin
$104 943
BTC
+0.26%
-
Ethereum
$2 528.19
ETH
-0.05%
-
Ripple
$2.16
XRP
+1.36%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.177673
DOGE
+1.46%
-
Cardano
$0.631899
ADA
+0.03%
-
Bitcoin Cash
$433.73
BCH
+3.35%
-
Stellar XLM
$0.25842
XLM
+0.35%
-
Litecoin
$85.85
LTC
+3.07%
-
Polkadot
$3.78
DOT
-0.68%