Google to let blockchain and NFT apps on Android

TL;DR Breakdown

  • Google has announced new rules that allow blockchain and NFT apps on Android.
  • Developers need to be clear about any in-app NFTs or tokenized digital assets.
  • Google prohibits glamorizing potential earnings from NFTs or blockchain activities.
  • The guidelines ensure adherence to Google’s existing Real-Money Gambling, Games, and Contests policy.

Description

Bridging the gap between technology and transparency, Google is set to integrate blockchain and non-fungible tokens (NFTs) into its Android platform. Having announced a policy shift earlier this year to facilitate clearer NFT guidelines, Google has now disclosed a comprehensive set of rules regulating these innovative digital experiences. Google’s embrace of blockchain technology Underlining the … Read more

Bridging the gap between technology and transparency, Google is set to integrate blockchain and non-fungible tokens (NFTs) into its Android platform.

Having announced a policy shift earlier this year to facilitate clearer NFT guidelines, Google has now disclosed a comprehensive set of rules regulating these innovative digital experiences.

Google’s embrace of blockchain technology

Underlining the perpetual growth and expansion of digital economies, Google’s policy update marks a significant shift in the technological landscape.

Through the end of the year, the tech giant will roll out comprehensive guidelines, opening doors for developers to incorporate NFTs and blockchain applications into their Android games.

In its pursuit to balance user protection and technological innovation, Google has highlighted the need for transparency in tokenized digital assets. If a game or application sells or allows users to earn tokenized assets, developers are mandated to declare it clearly.

The new guidelines also address the promotion of potential earnings through playing or trading activities. Google’s stance prohibits developers from glamorizing such actions, further solidifying its user-centric approach.

This approach embodies the company’s commitment to maintaining user trust as the realm of blockchain continues to evolve.

Maintaining responsible blockchain practices

In the same vein, Google’s existing Real-Money Gambling, Games, and Contests policy and application process will extend to blockchain-based content, including any gambling applications that feature NFTs.

In-app purchases, where the NFT value isn’t clear at the time of purchase, are also under scrutiny. Instances include “loot boxes” and other mechanisms offering randomized blockchain-based items.

Amid the blockchain integration, Google will still require developers to align with its Real-Money Gambling, Games, and Contests policy. Hence, this stipulation keeps a check on crypto or NFT trading activities, preventing promotion or glamorization that could potentially mislead users.

Further boosting the user experience, Google will permit NFTs to unlock in-app content, regardless of the location of the user’s purchase. This flexible approach contrasts sharply with Apple, Google’s primary mobile competitor, which currently doesn’t allow this feature.

Pioneering a path for future innovations

Google’s progressive outlook on blockchain technology encapsulates the constant evolution of digital experiences. The recent changes reiterate the company’s resolve to provide a safe and trusted platform while allowing developers to expand their creative horizons.

In close collaboration with app and game developers, Google has adopted an inclusive approach in defining its new guidelines.

By acknowledging the significance of these new economies and their potential impact on technology adoption, Google is helping to shape a future where technological advancement and user trust can coexist harmoniously.

With ongoing discussions about the potential of blockchain technology and NFTs, Google is paving the way for further integration of these digital assets into mainstream apps.

As it continues to engage with developers and industry partners, Google is poised to foster an environment of innovation, underlined by a commitment to transparency and responsibility.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Google to let blockchain and NFT apps on Android

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月13日 12:04
Next 2023年7月13日 13:13

Related articles

  • Worldcoin has some really troubling issues

    TL;DR Breakdown Worldcoin’s mission conflicts with traditional cryptocurrency ideals. It faces regulatory issues, being unavailable in the US. Serious privacy concerns are raised due to its eye-scanning technology. Ambitious goals, but overall success is questionable due to contradictions and uncertainties. Description Worldcoin, the ambitious new cryptocurrency project spearheaded by OpenAI chief executive Sam Altman, is marred by problems and uncertainties that make it impossible to ignore. With a vision of a future where artificial intelligence (AI) replaces human labor and a universal basic income (UBI) is necessary, Worldcoin’s eye-scanning technology intends to give everyone a share … Read more Worldcoin, the ambitious new cryptocurrency project spearheaded by OpenAI chief executive Sam Altman, is marred by problems and uncertainties that make it impossible to ignore. With a vision of a future where artificial intelligence (AI) replaces human labor and a universal basic income (UBI) is necessary, Worldcoin’s eye-scanning technology intends to give everyone a share of a robotic-run economy. However, the scheme raises serious concerns, particularly about privacy and regulation. An ideological paradox Worldcoin’s mission seems to run counter to the…

    Article 2023年8月1日
  • South Korea empowers prosecutors with cutting-edge tools to combat crypto laundering across borders

    TL;DR Breakdown South Korea is acquiring cutting-edge blockchain analytics software to combat international crypto laundering. The aim is to harmonize scrutiny on international cryptocurrency platforms with the oversight already in place domestically. This move signifies a significant stride in the global fight against financial crimes related to digital currencies, positioning South Korea at the forefront. In a bold move aimed at tackling international crypto laundering, South Korea’s prosecution service is set to acquire cutting-edge blockchain analytics software. The innovative technology is expected to empower authorities to apprehend individuals engaged in illicit activities involving cryptocurrencies across borders. With their new arsenal of tools, authorities aim to harmonize the scrutiny applied to international cryptocurrency platforms, matching the level of oversight already in place for their domestic counterparts. This leap forward signifies a bold stride towards a more comprehensive and interconnected approach to combating financial crimes associated with digital currencies. By embracing cutting-edge blockchain analytics, South Korea is positioning itself at the forefront of the global battle against crypto laundering on a truly international scale. As the South Korean prosecutors forge ahead with…

    Article 2023年5月24日
  • Hong Kong Monetary Authority warns against misleading crypto “banks”

    TL;DR Breakdown The Hong Kong Monetary Authority (HKMA) has issued a stern warning to cryptocurrency-related companies employing misleading nomenclature. Only institutions that have obtained proper licenses from the HKMA are legally permitted to provide banking services in Hong Kong.  This regulatory caution follows a recent warning from the Securities and Futures Commission (SFC) regarding the cryptocurrency exchange JPEX. Description The Hong Kong Monetary Authority (HKMA) has issued a stern warning to cryptocurrency-related companies employing misleading nomenclature, particularly those that present themselves as “banks” and their offerings as “deposits.” In a recent statement, the financial watchdog advised the public to exercise caution when engaging with such entities, emphasizing the potential risks associated with these deceptive … Read more The Hong Kong Monetary Authority (HKMA) has issued a stern warning to cryptocurrency-related companies employing misleading nomenclature, particularly those that present themselves as “banks” and their offerings as “deposits.” In a recent statement, the financial watchdog advised the public to exercise caution when engaging with such entities, emphasizing the potential risks associated with these deceptive labels. The HKMA’s alert was prompted by its…

    Article 2023年9月17日
  • UK lawmakers propose regulating crypto as gambling

    TL;DR Breakdown UK lawmakers have proposed that all unbanked digital assets should be regulated under the same framework as gambling. The lawmakers recognize the benefits of regulating the crypto space. In a recent report, a panel of UK lawmakers has recommended that the trading of “unbacked assets” like Bitcoin and Ethereum should be regulated as gambling rather than a financial service. The United Kingdom is currently developing a regulatory framework for cryptocurrencies, aiming to blend existing financial asset laws with new crypto-specific rules. UK lawmakers debate new proposal The report, released by the U.K. Treasury Committee on May 17, strongly advocated for regulating retail crypto trading and investment activities as gambling, following the principle of “same risk, same regulatory outcome.” The UK lawmakers committee expressed concerns about the price volatility and lack of intrinsic value in unbacked crypto assets, which they believe inevitably pose significant risks to consumers. Harriett Baldwin, Chair of the Treasury Committee, emphasized that Bitcoin and Ether, which together account for two-thirds of the total market capitalization of assets, are considered unbacked. She voiced worries that regulating…

    Article 2023年5月18日
  • BitMEX co-founder issues debt ceiling warnings

    TL;DR Breakdown Former BitMEX CEO Arthur Hayes has warned against the aftermath of the issues arising from the banking crisis in the US. Analysts discuss the potential of Bitcoin amid the constraints. Former BitMEX CEO, Arthur Hayes, has expressed expectations of significant Bitcoin volatility in the latter half of the year, attributing it to a potential “powder keg” explosion arising from the United States banking crisis and soaring national debt. Hayes, who currently manages the crypto-focused investment fund Maelstrom, shared his insights on the What Bitcoin Did podcast on May 26, where he made several predictions regarding the current economic outlook and the price of Bitcoin. The BitMEX co-founder tips Bitcoin for $70,000 in 2024 One notable prediction from Hayes is that he believes Bitcoin will not reach the $70,000 mark until 2024. He suggests that the year 2025 or 2026 could witness a “blow off top” for Bitcoin, followed by a period of significant decline. Hayes points to two primary drivers for this event: the practice of quantitative easing, which involves increasing the money supply, and broader social unrest….

    Article 2023年6月1日
TOP