The Google Play Platform Allows Tokenized Digital Assets

Table of contents

  1. Tokenized assets can’t profit from in-game transactions, says Google
  2. Google to let blockchain apps in Play Store in 2022 – without any formal guidance

Google Play made a significant policy change that allows developers to include digital assets like non-fungible tokens (NFTs) in their games and apps in the store. Organizations that choose to offer the capacity to purchase, sell or acquire tokenized resources will be expected to make it clear in the Play Control center that there are blockchain-based components in the application. Joseph Factories, Google Play’s Gathering Item Supervisor, said that this will permit accomplices to reconsider “conventional games with client claimed content” and lift “client dependability through remarkable NFT rewards.”

Reddit, which has seen gigantic accomplishment with its Symbol NFTs, was one of the accomplices working with Google on the new approach. Matt Williamson, Reddit’s senior designing chief, was cited in the post as saying that the refreshed rules are “pointed toward making a level battleground that advances client trust, and mindful utilization of blockchain innovation.”

Tokenized assets can’t profit from in-game transactions, says Google

According to Mills’ post, “while tokenized assets are meant to build more enriched, immersive experiences, as an added user protection, developers may not promote or glamorise any potential earning from playing or trading activities,” the significance of user trust was emphasised. This keeps up with Google Plays’ Genuine Cash Betting, Games, and Challenges strategy. Essentially, this implies applications that haven’t met betting qualification necessities can’t advance purchasing an in-game thing like a “plunder box” for an opportunity to win NFTs.

Google to let blockchain apps in Play Store in 2022 – without any formal guidance

Beforehand, Google’s strategy on blockchain-based applications had been portrayed as a “black box” with games like “Bitcoin Impact” getting removed from the Play Store in 2021 without an unmistakable clarification. In 2018, the store restricted crypto mining applications, a standard which won’t change with the new rules. Overall, the company has shown a shift in its attitude toward Web3 recently by allowing Axie Infinity: to be released in 2022 and ArDrive Mobile: to be available in the store. Starting points to be recorded in select Google Play markets. In parallel, in April 2023, Google Cloud announced a program to assist Web3 developers in accelerating their startups.

A representative from Google Play let CoinDesk know that clients might see the primary trial of the new encounters in pre-fall as they work with an underlying gathering of designers, and that the new strategy will carry out in full in the not so distant future.

Source: https://www.cryptoknowmics.com/news/the-google-play-platform-allows-tokenized-digital-assets