Update 10/15: Epic Games has decided to support blockchain technology because it “follows relevant laws,” according to CEO and founder Tim Sweeney.
Hours after it was reported that Steam was banning blockchain-based games offering NFTs and cryptocurrencies, Epic Games took the opposite stance and said it was open to blockchain-based games.
“The Epic Games Store will host games that use blockchain technology as long as they follow relevant laws, disclose their terms, and are age-rated by an appropriate group,” Sweeney said in a tweet.
Sweeney says Epic won’t be using cryptocurrency in its own games, but praises “innovation in technology and finance.”
The Epic Games Store will host games that use blockchain technology as long as they comply with relevant laws, disclose their terms, and are age categorized by an appropriate group. While Epic does not use crypto in our games, we welcome innovation in technology and finance. https://t.co/6W7hb8zJBw
– Tim Sweeney (@TimSweeneyEpic) October 15, 2021
Sweeney tweeted in September that Epic would not touch NFTs “because the whole field is currently entangled in an insoluble mix of scams, interesting decentralized tech foundations and scams”.
We’re not discussing NFTs because the whole field is currently entangled in an intractable mix of scams, interesting decentralized tech foundations, and scams.
– Tim Sweeney (@TimSweeneyEpic) September 27, 2021
However, Sweeney appears to confirm that Epic itself will not build encryption into its own games and reiterated that the technology itself is “a utility, whether it succeeds or fails at a particular use of it” .
Original story: Games using blockchain technology that allow trading NFTs or cryptocurrencies on Steam will no longer be allowed.
According to the new rule Steam Partner Setup PageValve says that distributors should not publish “applications based on blockchain technology that issue or enable the exchange of cryptocurrencies or NFTs”.
Age of Rust, a game in which players collect in-game NFTs, He says Steam told them they were releasing “all off-platform blockchain games, including Age of Rust, because NFTs are valuable”.
Community: A few minutes ago we were informed @to smoke * All blockchain games * will be removed from the platform, including Age of Rust, as NFTs have value. Behind the scenes, we had good communication and were upfront with Steam. #BlockchainGames #NFT
– The Age of Rust (SpacePirate_io) October 14, 2021
NFT stands for “Non-fungible Token” and is a digital asset that is sold and purchased online. NFT can take many forms, but it is becoming increasingly popular as a digital art. Artists can create a digital work of art, save it as an NFT, and sell a limited number.
You can think of this as building a set of paintings, trading cards, or other collectibles, only in the digital space. In video games, NFTs can take the form of collectibles, skins, etc.
According to Age of Rust, Steam doesn’t want to allow things on the platform that might have real value. IGN has contacted Valve for comment, and we’ll update this article when we receive a response.
For more information on Valve, check out our impressions of the Steam Deck, Valve’s portable gaming computer.
Logan Blunt is a freelance writer for IGN. You can find him on Twitter @LoganJPlant.