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Steam offering real-money marketplace to buy and sell in-game items

Steam debuts Community Market Beta, allows users to buy and sell TF2 digital goods

By Trace Hagan | Dec 13, 2012 05:03 pm CST

Steam continues to work on bettering the user experience for its digital distribution system. Just recently, Steam released Big Picture and they are continuing to produce new features. Today sees the release of a real-money marketplace designed to allow gamers to buy and sell digital items.

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The marketplace has launched with support for only Team Fortress 2, but Valve is looking to expand the market to more games. Funds are traded using Steam Wallet funds and, of course, Steam and the developer of the game get to take a cut of every transaction. Diablo 3's auction house is one of the prime examples of this kind of market place.

Steam collects a mere 5 percent from each transaction and the developer can set the cut they want to take from each. For instance, Valve is taking 10 percent of all TF2 transactions. This yields a total cut of 15 percent off of the total, which is much better than Blizzard's 30 percent take.

Trace Hagan

ABOUT THE AUTHOR - Trace Hagan

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

NEWS SOURCE:techspot.com

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