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As a counter example, Vintage Story seems to be doing okay regardless.

They delibarately decided to not be on Steam.

edit 2: They do run their own store, but it’s a bit janky, has less payment options if I recall, and no regional pricing.

edit: Besides, one of the reasons indies like to be on Steam is because Steam basically does free advertising for you, with Discovery Queue and just generally pushing games that do well to more people (beneficial for Steam also, of course). But that’s a service that’s paid for by that 30% cut (among other things).

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