Google Play has announced that it will now allow apps and games that allow users to buy, sell and earn digital assets like NFTs. This move is aimed at helping developers expand their businesses and support the needs and ambitions of developers.
What is the Impact of Google Play’s New Policy on Crypto Assets?
Google Play’s new policy allows developers to offer games and apps that enable users to buy, sell and earn digital assets, including NFTs. This is expected to help developers expand their businesses and provide users with new and innovative in-app experiences. The move could also drive more adoption of crypto assets and blockchain technology, especially among Android smartphone users who download their apps from Google Play.
How is Google Play Protecting Users from Fraud and Scamming?
Google is taking measures to protect users from fraud and scamming in the world of digital assets. The company requires that apps be transparent with users about tokenized digital assets, and if an app or game sells or enables users to earn tokenized digital assets, developers must declare this clearly. Although tokenized assets are meant to build more enriched, immersive experiences, developers may not promote or glamorize any potential earnings from playing or trading activities.
