- Google is warming up to NFTs in its recent policy change for Google Play.
- The announcement was well-met by the NFT space, with a MATIC-based collection surging almost 700% overnight.
- Binance Labs also committed $15 million for Web3 gaming platform Xterio.
Google has unveiled its revised policy on non-fungible tokens (NFTs), signaling a significant shift in its approach to blockchain-based digital content. The tech giant announced that Google Play, its popular app store, is now embracing NFTs and introducing innovative ways to facilitate transactions within apps and games.
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The announcement has garnered widespread enthusiasm among both industry experts and NFT enthusiasts. One prominent example of the immediate impact of this policy change is the NFT collection called League of Kingdoms Drago, which experienced a staggering 689% surge in its value overnight.
This collection, which is based on the Polygon (MATIC) blockchain, has captured the attention of collectors and investors alike.
Moreover, the NFT market has received another major boost as Binance Labs, the venture capital arm of Binance, committed a whopping $15 million investment in Xterio, a Web3 gaming platform. This substantial funding indicates the growing recognition and support for blockchain-based gaming platforms, as well as the belief in the potential of NFTs to revolutionize the gaming industry.
With Google Play’s new openness to NFTs, developers and creators will have greater opportunities to integrate blockchain technology into their apps and games, unlocking a host of possibilities for immersive and interactive experiences. This move by Google has the potential to reshape the digital content landscape and further fuel the ongoing NFT revolution.
As the popularity and mainstream acceptance of NFTs continue to rise, it is evident that the digital art and collectibles market is undergoing a transformation. Google’s embrace of NFTs through its app store is a significant step forward in realizing the potential of blockchain technology and solidifies the NFT market’s position as a disruptive force in the digital world.
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