Valve founder and owner Gabe Newell is refusing to jump on the latest trends in the cryptocurrency industry, calling non-fungible tokens a “sketchy”
Addressing the controversial decision to ban all games containing non-fungible tokens (NFTs) and cryptocurrencies on Steam, Gabe Newell, founder and owner of the famed video game digital distribution, Valve, described them as “pretty sketchy” in a recent interview. described in. Eurogamer.
He believes that a lot of “illegal” things are happening behind the scenes.
The leading US video game developer also raised an issue with the volatility of the cryptocurrency:
And then cryptocurrency volatility meant that people had no idea what price they were actually paying.
Nevertheless, Newell acknowledged that blockchain is “a great technology” despite dismissing the main use case:
He says that people who are currently active in that field are usually not great actors.
talking down metaverse
Newell also dismissed the importance of the Metaverse in another interview with PC Gamer, claiming that it is rife with “get rich quick plans”.
The businessman questions the novelty of the concept because he believes it does not solve any new problems:
And that’s okay… go to La Nocea in Final Fantasy 14 and tell me this isn’t a solved problem from a decade ago, not some cool thing you’re inventing, you know.