"This is exactly what we need": Asmongold applauds Valve chairman for banning NFTs on Steam
Asmongold is the latest in a long string of streamers to celebrate anti-NFT regulatory changes. The latest comes from the Valve-owned video game hosting platform Steam, where NFTs were recently banned after Valve co-founder Gabe Newell called the blockchain stream "sketchy."
Read on to find out what exactly led to this ban and how Asmongold and the rest of the streaming community are reacting to it
Twitch streamer Asmongold has been opposed to NFTs, or Non Fungible Tokens, ever since they entered the crypto mainstream. NFTs are a way for artists and creators to establish legal ownership and sell their work via select blockchains in exchange for cryptocurrency.
The streamer does not find them to be of any merit and has called them "stupider than astrology" and the adopters of the blockchain "ridiculous" in the past. In a February 26 stream, he reacted to Gabe Newell's stance on NFTs and heavily supported them.
The creator also went on to explain why Gabe Newell, co-founder of Valve, associated "sketchy behavior" and "out-of-control fraud" with NFTs in his statement post announcing the ban.
Further, when he talked about an environment where people were frequently taken advantage of, he said:
This continues his long-standing hatred of all things crypto, and is in line with his past videos where he has said that he hopes people will "wake the fxxk up" about crypto.
As this is a raging issue, all sides of the community joined in the discussion on the merits and demerits of this aspect of blockchains.
Experts believe that while both sides of the streaming community and people in general are making valid points about NFTs and cryptocurrency, it comes down to authorities to lay down the law as per the conditions in different countries
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