In this week's newsletter, Google Play has officially allowed non-fungible token (NFT) games in your store, with some limitations. 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. In other news, check out the blockchain-based game that has started increasing daily transaction volumes on the Sui network, and don't forget about this week's Nifty News, which features Bank of America training employees inside the metaverse.
Google Play Store officially allows NFT games, but not gambling
The Google Play Store recently published new blockchain-based content policies, including allowing NFT games. The company stated that the new policies are designed to โopen up new ways to transact blockchain-based digital contentโ within apps and games.
Despite being open to NFTs and blockchain game content, the company also clarified that developers must clearly state the feature in their game descriptions. Gambling is also not allowed.
Dapper Labs Makes Third Round Of Cuts In 9 Months Amid NFT Crash
NFT company Dapper Labs has announced another round of layoffs, removing 51 more employees from its team. According to the company, the decision was necessary to keep the company agile and efficient.
The recent layoff marks the third time the company has laid off staff in less than a year. In November 2022, the company cut 22% of its employees. The firm also cut staff by 20% in February 2023.
Blockchain Gaming Platform Creates Redeemable NFT Program
Blockchain gaming startup Spielworks and Web3 platform Mycelium Network have partnered to create an NFT project that enables automated refunds for NFT purchases. Through a smart contract, anyone who wants a refund just needs to click a button and exchange the NFTs with a pool of funds.
Users who purchase NFTs will also be able to use them within a blockchain game, giving players material as well as mining power.
A Simple Token Game Is Increasing Daily Txs On Sui Network - Data Platform
Sui 8192, a chain token sliding game, has caused 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 item is minted in each instance of the game. This process is similar to NFT minting. Also, every move within the game is recorded as a transaction and requires gas.
Nifty News: Metaverse Bank Heists, Trump's NFT Business Prefers Crypto Over Cash & More
Bank of America is using virtual reality metaverse and artificial intelligence technology to train its employees to handle bank robberies or angry customers. Meanwhile, Donald Trump's NFT business holds his funds on Ethereum, and the disclosures show nothing in his bank account.
SEE COINTELEGRAPH'S NFT STEEZ PODCAST
Thanks for reading this roundup of the week's most notable developments in the NFT space. Check back next Wednesday for more reports and information on this ever-evolving space.
