1/ Valve banned blockchain games from Steam yesterday. It’s not surprising. Web2 centralized platforms get a cut of all value generated from its ecosystem. Blockchain circumvents that and decentralizes value back to builders and users
Community: A few minutes ago, we were notified that @Steam will be kicking *all blockchain games* off the platform, including Age of Rust, because NFTs have value. Behind the scenes, we've had good communication and have been upfront with Steam. #blockchaingames #NFT 1/4
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1:09 AM · Oct 16, 2021

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2/ Let’s take Roblox: most people don’t realize Roblox developers only get 27% revenue share. The company did ~$500M in rev Q2 this yr alone. Yet they just announced only 1,000 devs of their 1.2M community make $30k or more. Does that feel fair?
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3/ Web2 centralized companies inevitably extract increasing value from its ecosystem to grow, pushed by concentrated shareholders. Web3 companies, are existential threats to their business. I expect other game/app stores to follow Valve.
Why Web 3 matters 🧵
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4/ One that’s decided to stay open for blockchain games is @EpicGames, a distribution platform with 60M+ MAUs. CEO @TimSweeney has fought for developer economics the last couple yrs against Apple and Google
Epic Games Store will welcome games that make use of blockchain tech provided they follow the relevant laws, disclose their terms, and are age-rated by an appropriate group. Though Epic's not using crypto in our games, we welcome innovation in the areas of technology and finance.
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5/ Web3 game devs also have other platform options, and most I’ve met are developing on the browser, where there’s easy integration with web3 wallets, and instant distribution via self-built communities or social networks
I've said it before. Browser is the optimal platform for any blockchain game: 1. No Installation Required + Viral Adoption 2. No Hardware Limitations 3. Native Integration with Web3 Wallets 4. No Platform Risk engadget.com/steam-ban-crypt…
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6/ We are at the cusp of one of the largest value transfers of our generation, enabled by web3. The fireworks are yet to come as web2 holds on to their longstanding interests. What are your predictions?
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Replying to @amytongwu
id say this is more of a regulatory issue no? valve doesn't wanna have another AML issue again.
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I think that’s part of it but responsibility of compliance can just be pushed to the devs, as Epic has done
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Replying to @amytongwu
Nice thread writeup. 👏
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