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From Ubisoft to Konami to the Epic Games Store, games companies are doubling down on NFTs as fast as others are backtracking on them. Valve, on the other hand, aren’t likely to get involved any time soon, owing to “a lot of criminal activity and a lot of sketchy behaviours”. That’s according to co-founder Gabe Newell, who recently spoke to us about his concerns around crypto.
While indie game store Itch.io declared NFTs a scam, Newell is more open to the “underlying technology of distributed ledgers” – but says there are just too many bad actors using that technology for nefarious endeavours, namely fraud and money laundering. Steam banned games with NFTs and cryptocurrency last year.