Google Play Store officially allows NFT games, but no gambling: Nifty Newsletter, July 12–18

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.

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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.

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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.

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A simple tile game is spiking daily txs on Sui Network — Data platform

Sui 8192, an on-chain tile-sliding game, has caused a huge spike 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 at every instance of the game. This process is similar to minting NFTs. In addition, every move within the game is recorded as a transaction and requires gas.

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Nifty News: Metaverse bank robberies, Trump NFT biz prefers crypto over cash and more

The Bank of America is employing 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 its funds on Ethereum, with disclosures showing nothing on its bank account.

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CHECK OUT COINTELEGRAPH’S NFT STEEZ PODCAST

Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.