Google Play Updates Store Policy to Facilitate Blockchain-Based Transactions for Digital Content July 13, 2023 July 13, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 13, 2023 by Kelly Cromley

Google Play Updates Store Policy to Facilitate Blockchain-Based Transactions for Digital Content

Google Play recently made an important announcement regarding an update to its Store Policy. This update grants developers the ability to facilitate transactions involving blockchain-based digital content within their apps and games. The decision to make this move is a direct response to the growing demand for non-fungible tokens (NFTs) and other forms of tokenized digital assets. These assets provide users with distinctive and captivating experiences. According to Joseph Mills, the group product manager for Google Play, Google has collaborated with Web3 game developers, such as Mythical Games, to execute this modification.

NFT games have discovered a secure platform for distribution on the Epic Games Store. However, it is worth noting that other platforms like Apple, Google, and Steam have previously imposed restrictions on developers, prohibiting the sale of these games unless they incorporated a substantial Web 2 element. As a result of this requirement, players were obligated to utilize credit cards instead of cryptocurrencies when accessing free-to-play games and making payments.

The updated policy implemented by Google Play is designed to enhance the accessibility of blockchain gaming to a broader range of users. Historically, blockchain game companies encountered difficulties in effectively distributing their games on the open web, resulting in notable distribution issues primarily due to the widespread preference of players for app stores.

According to a report by Mythical Games, their NFL Rivals Web2/Web3 game garnered close to one million downloads in the month of June. The inclusion of Web2 and Web3 requirements guarantees that platform owners, such as Google Play, can continue to collect a 30% fee on transactions.

According to the newly implemented policy, developers are required to maintain transparency with users in relation to tokenized digital assets. Developers are obligated to provide transparent disclosure if their app or game involves the sale or earning of tokenized digital assets by users. Furthermore, developers are strictly prohibited from engaging in any form of promotion or solicitation that encourages potential earnings from the game or associated merchandising endeavors. The alteration will have an effect on the previously prevalent game descriptions that focused on the potential financial benefits in the NFT market, which has lost its appeal due to the decline in cryptocurrency value, NFT price depreciation, and related fraudulent activities.

New policy enables blockchain gaming and promotes the responsible use of tokenized digital assets.

Numerous companies in the Web3 gaming industry have recently redirected their attention towards emphasizing additional advantages, including engaging gameplay, player ownership, and the potential for voting rights. Google highlighted the potential of innovative technology to facilitate “creative in-app experiences.”

Joseph Mills expressed the viewpoint that, similar to any nascent technology, it is imperative to strike a harmonious equilibrium between fostering innovation and fulfilling our obligation to safeguard users. Hence, we have initiated dialogues with developers to responsibly facilitate these prospects, thereby ensuring a secure, transparent, and dependable experience for all individuals involved.

Google Play acknowledges the significance of user trust, even as tokenized assets strive to enhance immersive experiences. As a result, applications that fail to meet the necessary criteria for gambling eligibility are strictly prohibited from accepting monetary transactions in exchange for the opportunity to win assets of undisclosed monetary value in the real world, which includes non-fungible tokens (NFTs). Google maintains a consistent stance on gambling, acknowledging the associated regulatory risks.

Apps that do not meet the criteria for gambling eligibility, as outlined in Google Play’s policy on real-money gambling, games, and contests, are not permitted to accept payments in exchange for the chance to win undisclosed real-world monetary assets, such as NFTs. Developers are explicitly restricted from providing purchase options that lack clarity regarding the value that NFT users will obtain upon making the purchase. This encompasses mechanisms like “loot boxes” that offer randomized items based on blockchain technology.

Google Play worked closely with app and game developers to collaboratively develop and enhance the policy update. They actively sought and incorporated feedback from these developers to ensure ongoing support for their businesses. The goal is to create an equitable environment that encourages user confidence and encourages responsible utilization of blockchain technology.

John Linden, the Chief Executive Officer of Mythical Games, conveyed his gratitude for the collaboration with Google. He expressed his belief that the recently implemented policies are a significant advancement benefiting both players and developers. Furthermore, he emphasized the positive influence these policies will have on consumer protection and the wider acceptance of emerging technologies.

Reddit also issued a statement regarding the policy modification. According to Matt Williamson, a senior engineering manager at Reddit, the company is committed to empowering its users through a transparent and responsible approach to blockchain-based digital content, such as their collectible avatars. We have established a partnership with Google to collaborate on the enhancement of their policy. The objective is to foster a fair environment that encourages user confidence and the conscientious utilization of blockchain technology. By establishing explicit guidelines, we can guarantee that our users are able to make well-informed decisions while they engage in immersive experiences.

Google Play is anticipating that users will have the opportunity to enjoy improved in-app and game experiences in the upcoming summer. This will be made possible through the collaboration of a chosen group of developers who will be involved in testing and refining the new user experience. The policy is scheduled to be fully implemented for all developers on Google Play at a later date this year. The possession of an NFT will grant access to exclusive content within the application, irrespective of whether the user acquired the NFT via the Google Play app or already possesses it.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.