According to a latest report by VentureBeat, Google Play has up to date its insurance policies to permit blockchain-based digital content material, together with non-fungible tokens (NFTs) and different tokenized digital property, in its app retailer.
The transfer is in response to the rising curiosity in NFTs and their distinctive consumer experiences. Google has been working with Web3 sport makers similar to Mythical Games to carry blockchain gaming recognition to the plenty.
Google Play’s Blockchain And NFT Policy Update
Previously, blockchain sport corporations had issue distributing their video games, as they usually relied on the open net for distribution. As a part of the brand new coverage, builders have to be clear with customers about tokenized digital property.
According to the report, if an app or sport sells or allows customers to earn tokenized digital property, builders should declare this. Additionally, builders could not promote or glamorize any potential earnings from enjoying or buying and selling actions.
The new coverage is predicted to create a stage enjoying subject for builders and promote consumer belief and accountable utilization of blockchain expertise. Google Play will roll out the coverage to all builders on its platform later this yr, with a choose group of builders testing and iterating the brand new consumer expertise.
Furthermore, Google emphasizes the significance of sustaining consumer belief and has clarified that apps that haven’t met playing eligibility necessities can’t settle for cash for an opportunity to win property of unknown real-world financial worth, together with NFTs.
Developers Can Now Bring Blockchain-Based Apps To Google
Google Play’s latest coverage replace to permit blockchain-based digital content material has opened up new alternatives for builders to create participating and immersive consumer experiences. As a part of this replace, Google Play is now in talks with business companions to additional enhance its assist for secondary markets.
Mythical Games, a Web3 sport maker, not too long ago launched Nitro Nation World Tour, a racing sport that options NFTs. The sport hit practically 1,000,000 downloads in June, proving a rising curiosity in blockchain gaming. With Google Play’s coverage replace, extra builders can now carry their blockchain-based apps to the platform.
However, there are nonetheless some guidelines that builders should comply with. For instance, cryptocurrency exchanges and software program wallets have to be performed by means of licensed companies in regulated jurisdictions.
Furthermore, apps integrating tokenized digital property, similar to NFTs, should adjust to Google Play’s Real-Money Gambling, Games, and Contests coverage. NFTs can’t be used to wager or stake in alternate for the chance to win prizes of real-world financial worth.
Google Play’s coverage replace is a constructive improvement for builders seeking to create participating and immersive experiences by means of blockchain expertise.
As blockchain expertise evolves, platforms like Google Play should proceed to assist innovation whereas sustaining consumer belief and security. With additional enhancements to assist blockchain-based app experiences, the chances are countless.
Featured picture from Unsplash, chart from TradingView.com
