this post was submitted on 24 Dec 2023
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No, and once I became aware of the fact realized that I was kinda screwed when it came to video games.
Every single video game I have purchased is on Steam, and considering its DRM and licence business model, I had multiple conversations with my friends who also had the same worry and wondered what would happen if Steam shut down one day. Valve did state that they'll remove the DRM if the platform shut down, but there's no way of knowing the future as million things can happen and for all we know, they might change their minds or not be in a position to remove the DRM once the time came.
Not "if", but "when".
But don't worry, before that they will start dropping games to save on storage costs, so odds are you will no longer have access to anything you "own" way before they go under.
TBH, the default steam DRM is trivial to remove yourself with steam emulators and stuff, and many indie games dont even use it. The real problem is 3rd party DRM like Denuvo, which Valve probably can't remove even if they wanted to.