In this week’s newsletter, Google Play has officially allowed non-fungible token (NFT) games in its store – with some caveats. NFT company Dapper Labs has completed its third round of layoffs and a blockchain gaming startup has enabled an automatic refund feature for NFT purchases. Also, check out the blockchain-based game that has started to skyrocket daily transaction volumes on the Sui network, and don’t forget this week’s Nifty News, where Bank of America is training employees in the metaverse.
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The Google Play Store officially allows NFT gaming, but not gambling
The Google Play Store recently released new blockchain-based content policies, including allowing NFT games. The company stated that the new guidelines aim to open “new possibilities for handling blockchain-based digital content” in applications and games.
While open-minded about NFTs and blockchain gaming content, the company also made it clear that developers must clearly state the feature in their game descriptions. Gambling is also not permitted.
Dapper Labs conducts third round of cuts in 9 months amid NFT slump
NFT firm Dapper Labs has announced another round of layoffs, cutting 51 more employees from its team. According to the company, the decision was necessary to keep the company lean and efficient.
The latest layoff is the company’s third layoff in less than a year. In November 2022, the company laid off 22% of its employees. Additionally, in February 2023, the company reduced the workforce by 20%.
Blockchain Gaming Platform Creates Refundable NFT Program
Blockchain gaming startup Spielworks and Web3 platform Mycelium Network have teamed up to develop an NFT project that will enable automatic refunds for NFT purchases. Through a smart contract, anyone wanting a refund just needs to click a button and exchange the NFTs for a pool of money.
Users who acquire the NFTs are also allowed to use them within a blockchain game, granting players material drops as well as mining power.
A simple puzzle increases daily TXs on the Sui Network data platform
Sui 8192, an on-chain tile-sliding game, has led to a huge increase in daily transactions on the Sui network. According to an on-chain analytics platform, the game has even surpassed Solana in terms of daily transactions.
A new object is minted each time the game is played. This process is similar to minting NFTs. In addition, every movement within the game is recorded as a transaction and requires gas.
Nifty News: Metaverse Bank Heists, Trump’s NFT Deal Favors Crypto Over Cash and More
Bank of America uses virtual reality metaverse and artificial intelligence to train its employees on how to deal with bank robberies or angry customers. Meanwhile, Donald Trump’s NFT deal holds its funds on Ethereum, with disclosures showing there is nothing in its bank account.
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Thank you for reading this rundown of the week’s most notable developments in the NFT space. Check back next Wednesday for more reports and insights into this actively evolving space.