Steam players no longer require a Microsoft Account to play multiplayer
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While not logged into a Microsoft Account, you can host and join standard world multiplayer sessions with players from your Steam friends list
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Note: a Microsoft Account is still required for Crossplay, Shared Worlds and Playgrounds
“Worth it anyway” to have additional functionality?
I didn’t realize when I got it that I needed to sign in to my Microsoft account to play multiplayer, which was the whole reason why I got it on steam. I played it before when it was on game pass, but I’ve since cancelled my subscription and I wanted to play the game.