Gabe Newell Metaverse Suspends All NFT-Based Games
Rancakmedia.com – After a lot of trouble with NFT-based games on the Steam Metaverse, Gabe Newell stepped in. As a result of rampant fraud and unscrupulous developer behavior, Valve had to step in for NFT-based Steam games. All NFT games on the platform were discontinued at the discretion of Valve's CEO, Gabe Newell, better known as Gabe Newell.
Quoting the IGN website, Gaben took this step because the developers seemed to ignore the benefits of NFT in games. Various unpleasant activities from the NFT community also caused Gaben to decide to disconnect NFT technology from the Steam platform.
“Many illegal activities and questionable behavior have been committed by this individual (the developer). Actors are further undermining this technology.” Gaben made a statement.
He stated that sneaky developers were not the ones who had high hopes for Valve for the NFT business on their platform. This decision was taken by Gabe Newell Metaverse when it was proven that NFT games on Steam turned out to be a method of money laundering and fraud for its users.
NFT Steam Based Game suspended Gabe Newell Metaverse
When Steam allows developers to process transactions via cryptocurrency, there are some downsides for its consumers. One of the concerns is that customers see large variations in deals in the first week of play. So, if a player has paid more than IDR 6 million on a single game, their NFT is only worth a few tens of thousands more.
Moreover, many developers do rug pull from the games they work on, this limitation cannot be set by Valve. Rugpull cases on Steam appear to take up a fraction of the typical typical transaction on the platform.
On another occasion, in a recent interview with PC Gamer, Metaverse's Gabe Newell has stated his point of view about the metaverse and digital ownership.
According to Newell, he doesn't see why a metaverse makes sense, even if he doesn't believe it is the same metaverse as the games Final Fantasy XIV. Metaverse users seem to recognize the meaning of MMO (massive multiplayer online).
“'Oh, you can design your avatar,' they said. In Final Fantasy XIV, try exploring La Noscea and claim that it didn't exist ten years ago. It's not a completely new concept.” Newell made a sarcastic reference to the Metaverse in an interview.
Conclusion
Gabe Newell's Metaverse suspends all NFT-based games on Steam. This decision was taken when it was proven that NFT games on Steam turned out to be a method of money laundering and fraud for its users.
Gabe Newell made a sarcastic reference to the Metaverse in an interview. According to Newell, he doesn't see why a metaverse would make sense.