In this week’s newsletter, Google Play has officially allowed nonfungible token (NFT) games on its store — with some limitations. NFT company Dapper Labs has completed its third round of layoffs, and a blockchain gaming startup has enabled an automated refund feature for NFT purchases. In other news, check out the blockchain-based game that has started to spike daily transaction volumes on the Sui Network, and don’t forget this week’s Nifty News, featuring the Bank of America training employees inside the metaverse.
Google Play Store officially allows NFT games, but not gambling ones
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 “open new ways to transact blockchain-based digital content” within applications and games.
Despite being open to NFTs and blockchain gaming 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 slump
NFT company 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 firm lean and efficient.
The recent layoff marks the third time the company 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 refundable NFT program
Blockchain gaming startup Spielworks and Web3 platform Mycelium Network have partnered to create an NFT project that allows automated refunds for NFT purchases. Through a smart contract, anyone who wants a refund only needs to click one button and exchange the NFTs with a pool of funds.
Users who acquire the NFTs will also be allowed to use them within a blockchain game, giving material drops to players, as well as mining power.