Google Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games (coindesk.com) 11
Google Play announced a major shift in policy today, allowing developers to incorporate digital assets such as non-fungible tokens (NFTs) into their apps and games in the store. From a report: Companies that decide to offer the ability to buy, sell or earn tokenized assets will be required to make it clear in the Play Console that there are blockchain-based elements in the app. In a blog post shared with CoinDesk, Joseph Mills, Google Play's Group Product Manager, wrote that this will allow partners to reimagine "traditional games with user-owned content" and boost "user loyalty through unique NFT rewards."
Reddit, which has seen enormous success with its Avatar NFTs, was one of the partners working with Google on the new policy. Matt Williamson, Reddit's senior engineering manager, was quoted in the post as saying that the updated guidelines are "aimed at creating a level playing field that promotes user trust, and responsible usage of blockchain technology." The post by Mills stressed the importance of user trust, noting "while tokenized assets are meant to build more enriched, immersive experiences, as an added user protection, developers may not promote or glamorize any potential earning from playing or trading activities."
Reddit, which has seen enormous success with its Avatar NFTs, was one of the partners working with Google on the new policy. Matt Williamson, Reddit's senior engineering manager, was quoted in the post as saying that the updated guidelines are "aimed at creating a level playing field that promotes user trust, and responsible usage of blockchain technology." The post by Mills stressed the importance of user trust, noting "while tokenized assets are meant to build more enriched, immersive experiences, as an added user protection, developers may not promote or glamorize any potential earning from playing or trading activities."
Oh goodie (Score:5, Insightful)
Re: (Score:1)
Just in time for Sega to say no (Score:3, Insightful)
Gas fee vs. Ticketmaster (Score:2)
For example, if I want to sell tickets for a show, NFTs are the best way to do it. Same with any type of event, like bus seats, seats on a cruise liner, rooms in a hotel, pretty much anything with limited occupancy needs NFTs. Sure beats the hell out of Ticketmaster.
What is the typical gas fee to mint and sell an NFT nowadays, and how do OpenSea's cut and the gas fee compare to Ticketmaster's cut of sales? I remember reading at the height of NFT mania that they were in the tens of dollars. It appears the Merge ten months ago didn't do much to gas fees on Ethereum [milkroad.com].
Do Evil (Score:2, Funny)
At least Alphabet is sticking to its motto.
Responsible usage of digital snakeoil technology (Score:1)
Re: Responsible usage of digital snakeoil technolo (Score:1)
There's nothing unique about digital assets, NFTs. It isnt a technology's fault if people decide to do dumb implementations, and then more dumb people try to speculatively trade within a dumb marketplace. You might as well call the entire internet digital snakeoil tech.
Sell now (Score:2)
Way to keep up with the trends, Alphabet.