Google Play Retailer formally permits NFT video games, however no playing: Nifty E-newsletter, July 12–18

by Jeremy

On this week’s e-newsletter, Google Play has formally allowed nonfungible token (NFT) video games on its retailer — with some limitations. NFT firm Dapper Labs has accomplished its third spherical of layoffs, and a blockchain gaming startup has enabled an automatic refund characteristic for NFT purchases. In different information, take a look at the blockchain-based sport that has began to spike each day transaction volumes on the Sui Community, and don’t overlook this week’s Nifty Information, that includes the Financial institution of America coaching staff contained in the metaverse. 

Google Play Retailer formally permits NFT video games, however not playing ones

The Google Play Retailer not too long ago printed new blockchain-based content material insurance policies, together with permitting NFT video games. The corporate said that the brand new insurance policies are designed to “open new methods to transact blockchain-based digital content material” inside purposes and video games.

Regardless of being open to NFTs and blockchain gaming content material, the corporate additionally clarified that builders should clearly state the characteristic of their sport descriptions. Playing can be not allowed.

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Dapper Labs makes third spherical of cuts in 9 months amid NFT stoop

NFT firm Dapper Labs has introduced one other spherical of layoffs, slicing 51 extra staff from its staff. In response to the corporate, the choice was essential to preserve the agency lean and environment friendly.

The latest layoff marks the third time the corporate laid off workers in lower than a yr. In November 2022, the corporate reduce 22% of its staff. The agency additionally reduce workers by 20% in February 2023.

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Blockchain gaming platform creates refundable NFT program

Blockchain gaming startup Spielworks and Web3 platform Mycelium Community have partnered to create an NFT challenge that enables automated refunds for NFT purchases. By way of a sensible contract, anybody who desires a refund solely must click on one button and alternate the NFTs with a pool of funds.

Customers who purchase the NFTs will even be allowed to make use of them inside a blockchain sport, giving materials drops to gamers, in addition to mining energy.

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A easy tile sport is spiking each day txs on Sui Community — Information platform

Sui 8192, an on-chain tile-sliding sport, has brought on an enormous spike in each day transactions on the Sui Community. In response to an on-chain analytics platform, the sport has even surpassed Solana by way of each day transactions.

A brand new object is minted at each occasion of the sport. This course of is just like minting NFTs. As well as, each transfer throughout the sport is recorded as a transaction and requires gasoline.

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Nifty Information: Metaverse financial institution robberies, Trump NFT biz prefers crypto over money and extra

The Financial institution of America is using digital actuality metaverse and synthetic intelligence know-how to coach its staff to deal with financial institution robberies or indignant prospects. In the meantime, Donald Trump’s NFT enterprise holds its funds on Ethereum, with disclosures exhibiting nothing on its checking account.

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CHECK OUT COINTELEGRAPH’S NFT STEEZ PODCAST

Thanks for studying this digest of the week’s most notable developments within the NFT area. Come once more subsequent Wednesday for extra reviews and insights into this actively evolving area.

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