According to another a report By VentureBeat, Google Play has updated its policies to allow blockchain-based digital content, including non-fungible tokens (NFTs) and other tokenized digital assets, on its App Store.
The move comes in response to the growing interest in NFTs and their unique user experiences. Google is working with Web3 game makers like Mythical Games to bring blockchain gaming recognition to the masses.
Blockchain and NFT policy update in Google Play
Previously, blockchain game companies had difficulty distributing their games, as they often relied on the open web for distribution. As part of the new policy, developers must be transparent with users about tokenized digital assets.
According to the report, if an app or game sells or enables users to earn tokenized digital assets, the developers must declare it. In addition, developers may not promote or solicit any potential earnings from gameplay or trading activities.
The new policy is expected to create a level playing field for developers and promote user trust and responsible use of blockchain technology. Google Play will roll out the policy to all developers on its platform later this year, with select developers testing and iterating the new user experience.
Furthermore, Google stresses the importance of maintaining user trust and has made it clear that apps that have not met the eligibility requirements for gambling cannot accept funds for a chance to win assets of unknown monetary value in the real world, including NFTs.
Developers can now bring Blockchain-based applications to Google
The recent update of Google Play’s policy to allow blockchain-based digital content has opened up new opportunities for developers to create engaging and immersive user experiences. As part of this update, Google Play is now in talks with industry partners to further improve its support for secondary markets.
Mythical Games, a Web3 game maker, recently released Nitro Nation World Tour, a racing game that features NFTs. The game achieved nearly 1 million downloads in June, which proves the growing interest in blockchain games. With the Google Play policy update, more developers can now bring their blockchain-based apps onto the platform.
However, there are still some rules that developers must follow. For example, cryptocurrency exchanges and software wallets must be conducted through authorized services in regulated jurisdictions.
Furthermore, apps that integrate digital assets with tokens, such as NFTs, must comply with Google Play’s real money gambling, games, and contests policy. NFTs cannot be used for betting or participating in exchange for the opportunity to win real cash prizes.
The Google Play policy update is a positive development for developers looking to create interactive and immersive experiences through blockchain technology.
As blockchain technology evolves, platforms such as Google Play must continue to support innovation while maintaining user trust and safety. With further improvements to support blockchain-based app experiences, the possibilities are endless.
Featured image from Unsplash, chart from TradingView.com
