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Google Play opens the door to the world of cryptocurrencies and NFTs: a milestone for the app marketplace?
Google Play is opening up to cryptocurrencies and NFTs, contrasting with the company's previous crypto-skeptical stance. This decision could mean a game changer for the app marketplace. In comparison, Apple has maintained a stricter stance on crypto apps but has allowed NFT-based games. Previously, crypto mining apps and apps offering risky financial services were banned on Google Play. However, Google is now allowing developers to offer blockchain and P2E apps that sell or earn NFTs. The prerequisite is that it is not a game of chance and that the developers sign a declaration for the Google Play Store. Selling loot boxes or promoting...
Google Play opens the door to the world of cryptocurrencies and NFTs: a milestone for the app marketplace?
Google Play is opening up to cryptocurrencies and NFTs, contrasting with the company's previous crypto-skeptical stance. This decision could mean a game changer for the app marketplace. In comparison, Apple has maintained a stricter stance on crypto apps but has allowed NFT-based games.
Previously, crypto mining apps and apps offering risky financial services were banned on Google Play. However, Google is now allowing developers to offer blockchain and P2E apps that sell or earn NFTs. The prerequisite is that it is not a game of chance and that the developers sign a declaration for the Google Play Store. Selling loot boxes or advertising promises of prizes are also not permitted. The ban on mining apps remains in place, but other mining apps can still be obtained for remote maintenance.
Apple recently pushed Web3 social network app Damus to remove the Bitcoin tipping feature. NFT-based games such as Axie Infinity and STEPN, however, have been approved, but they must pay a 30% fee to Apple and the NFTs cannot come from external sources. In comparison, the Google Play Store charges a maximum of 15% fees and external NFTs can be integrated. This positions Google Play to be more attractive to crypto users.
Other traditional Web2 platforms are also slowly opening up to Web3 offerings. One example is Ubisoft, which published the first blockchain game despite initial criticism. There is an increasing number of P2E games on Epic Games.
Opening up Google Play to cryptocurrencies and NFTs could create a major wave in the cryptosphere and pave the way for full integration of crypto into our everyday lives.
Investing is speculative and involves risks. It is important to conduct your own due diligence and invest capital in a legally permissible manner. The information in this article was provided by CryptoPR.