Valve, creators of best-selling game franchises (such as Counter-Strike, Half-Life, Left 4 Dead, Portal, and Team Fortress) and leading technologies (such as Steam and Source), today introduced the Steam Community Market, now in Beta with Team Fortress 2.

The Community Market is designed to expand the Steam Economy beyond trading. Players are now enabled to buy and sell in-game items with other players for Steam Wallet funds.

"With over a half million trades made every week, the trading system has been very successful," said Tony Paloma of Valve. "Extending game economies beyond trades and giving players a way to turn gameplay into funds for new items and games is a key component for moving that success forward."

The Steam Community Market, now in beta with Valve's Team Fortress 2, will be available to other titles on Steam in the New Year. Games that participate enable users to show off their items on the Steam Community and sell or trade their items to others.

Items purchased are subject to transaction fees, please see FAQ for more http://www.steamcommunity.com/market/faq

Should be real interesting to see where this goes with the whole TF2 economy, especially once they open it up to have hats and other cosmetic items.

Interesting for sure. Doubt I will use it though.

I was only surprised there wouldn't be an auction house set up alongside the market. Seems that's where we're heading.

Well. So far it's just silly shit. They need to start letting us sell our old games. Damn licensing.