After a few days of discourse I'm seeing some interesting thoughts. @Fwiz rightly points out that while developers can technically release new things and change smart contracts, the real beauty of crypto is related to incentive alignment and behavior coordination. If these skins had been tokenized with enforced royalties, their volume and value would have been a golden goose that Valve would have not wanted to kill. Incentive alignment has always been at the core of crypto and web3. Incentive alignment is what backs the security of the Bitcoin chain and why miners mine. It's why developers build on top of Ethereum and why the Ethereum Foundation continues to work on Ethereum despite getting zero classical revenue from it (they capture upside via the small percentage of supply they own). Incentive alignment is why, 5 years ago we decided to release the AXS token at a 20 million dollar market cap. We wanted to decentralize ownership and contribution of Axie and the best way to do that was via tokenization. AXS went from 7 mill to 10 Bil and back to 250 million. Tons of volatility but also way more interesting than if tokenization hadn't been involved.