1. BITBILIHome
  2. Article

Google to let blockchain and NFT apps on Android

• 215 views

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

  • Legal experts weigh Ripple’s strong defense against SEC’s interlocutory appeal

    TL;DR Breakdown John Deaton highlights a crucial argument in Ripple’s latest filing that could weaken the SEC’s position. Ripple’s statement questions the SEC’s long-held belief about classifying digital assets. Attorney Fred Rispoli believes Judge Torres may favor Ripple over the SEC based on legal analysis. Description A new twist has emerged in the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple (XRP). John Deaton, the founder of CryptoLaw and attorney for XRP holders, has spotlighted a pivotal argument in Ripple’s recent filing. This argument, Deaton suggests, could significantly weaken the SEC’s stance. Ripple and its top executives … Read more A new twist has emerged in the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple (XRP). John Deaton, the founder of CryptoLaw and attorney for XRP holders, has spotlighted a pivotal argument in Ripple’s recent filing. This argument, Deaton suggests, could significantly weaken the SEC’s stance. Ripple and its top executives Brad Garlinghouse and Chris Larsen have opposed the SEC’s motion. They challenge the idea of certifying an interlocutory appeal. A specific…

    Article 2023年9月3日

  • Hacker exploits vulnerability, drains $455,000 from DeFi protocol Arcadia Finance

    TL;DR Breakdown Hacker exploits code vulnerability in Arcadia Finance, draining approximately $455,000 from the DeFi protocol’s Ethereum and Optimism vaults. The breach highlights the need for improved input validation and reentrancy protection in decentralized finance platforms. The incident contributes to the growing number of cyber attacks in the crypto space, prompting concerns about security and the potential impact on the Optimism network’s revenue and future growth. Description Arcadia Finance, a noncustodial protocol supporting on-chain cross-margin accounts, fell victim to a cyber attack that resulted in the loss of approximately $455,000. However, the hacker exploited a code vulnerability, exposing a weakness in the platform’s validation mechanism. The vulnerability allowed unverified inputs to go unchecked, enabling the hacker to drain funds from Arcadia Finance’s … Read more Arcadia Finance, a noncustodial protocol supporting on-chain cross-margin accounts, fell victim to a cyber attack that resulted in the loss of approximately $455,000. However, the hacker exploited a code vulnerability, exposing a weakness in the platform’s validation mechanism. The vulnerability allowed unverified inputs to go unchecked, enabling the hacker to drain funds from Arcadia Finance’s…

    Article 2023年7月11日

  • MATIC tokens worth millions were moved before its massive drop

    TL;DR Breakdown A large portion of MATIC tokens was sent to crypto exchanges before the massive price drop. Analysts blame SEC for the massive drop in token prices. Amidst a notable price drop, blockchain data reveals that key market makers, Jump Trading and Cumberland, sent millions of dollars worth of Polygon (MATIC) to various crypto exchanges on Friday night. Analytics firm Lookonchain reported the transactions, stating that Cumberland deposited 9 million MATIC, valued at over $6.3 million, to Binance, and 5 million MATIC, worth $3.5 million, to Coinbase. Additionally, a crypto wallet associated with Cumberland, Jump Trading, and Robinhood deposited a cumulative total of 9.4 million MATIC to different crypto exchanges. A large portion of MATIC tokens moved to exchanges These deposits seemingly led to the selling of MATIC tokens on the exchanges, resulting in a sudden and significant decline in price. Similar price movements were observed in other tokens such as Cardano (ADA) and Solana (SOL), which experienced drops of up to 25% within the past 24 hours. The tokens’ price fluctuations are likely connected to recent allegations of…

    Article 2023年6月14日

  • Sotheby’s auction nets $10.9M from confiscated NFT artwork

    TL;DR Breakdown In a second auction, Sotheby’s sold $10.9 million in NFTs from insolvent hedge fund Three Arrows Capital. The Goose for $6.2 million, Kyle Davies, co-founder of 3AC, bought it in August 2021 for about 1,800 ETH, or about $5.8 million. Sotheby’s completed a second auction of non-fungible token (NFT) artwork from bankrupt hedge fund Three Arrows Capital, generating over $10.9 million in sales. The collection, featuring works by renowned generative artists, saw high-profile sales, including “The Goose” by Dmitri Cherniak, which sold for $6.2 million. “The Goose” NFT sells for $6.2m in heated bidding A second auction of non-fungible token (NFT) artwork confiscated from the insolvent cryptocurrency hedge fund Three Arrows Capital (3AC) was completed by Sotheby’s on Thursday, netting over $10.9 million in sales. The “Grails” collection was represented at the live auction in New York. There were 37 pieces by generative artists, including Dmitri Cherniak, Tyler Hobbs, Jeff Davis, and others. The Ringers #879 by Dmitri Cherniak, sometimes known as “The Goose” due to its likeness to the bird, was one of the highlights of this…

    Article 2023年6月19日

  • Singapore reinforces investor trust: cryptocurrency platforms must safeguard client funds in trust

    TL;DR Breakdown Singapore’s MAS unveils new laws to enhance consumer protection and safeguard the integrity of the cryptocurrency industry. Singapore’s cryptocurrency exchanges and wallet providers must retain client assets in a separate trust for increased security. Token lending and staking will be prohibited for retail customers to protect against potential financial losses and unethical practices. Description Singapore’s Monetary Authority (MAS) has unveiled new laws for cryptocurrency service providers to enhance consumer protection and safeguard the integrity of the digital asset industry. The regulations, published on Monday, follow a public consultation held in October 2022, which garnered widespread support for stricter oversight. Under the new framework, cryptocurrency exchanges and wallet providers must … Read more Singapore’s Monetary Authority (MAS) has unveiled new laws for cryptocurrency service providers to enhance consumer protection and safeguard the integrity of the digital asset industry. The regulations, published on Monday, follow a public consultation held in October 2022, which garnered widespread support for stricter oversight. Under the new framework, cryptocurrency exchanges and wallet providers must retain client assets in a separate trust by the end of…

    Article 2023年7月5日
TOP