DigitalNoob

Valve has announced that the Steam Community Market is now in Beta with Team Fortress 2. The Community Market will allow players to sell or purchase in-game items with other Steam players for Steam Wallet funds, a step beyond the basic trading that was available already.

“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 will be available to other titles on Steam in the New Year. However, items that are purchased can incur transaction fees.

 You can read more about the new Community Market here: http://www.steamcommunity.com/market/faq