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@watercs

Here is a summary:

00:01 Valve has filed new trademarks for something called "Steam Frame", which could be related to their upcoming hardware lineup. The trademarks cover computer hardware, networking hardware, and peripherals for things like streaming audio, video, and data.

00:45 There are two filings - one for general hardware, and another specifically mentioning computer game consoles and video game accessories like controllers. This suggests the "Steam Frame" could be Valve's rumored "Fremont" project, which is expected to be a home device for playing Steam games on your TV.