Let's download NFT apps from the Play Store 🥹

GM Baos,

Huge legal and mass adoption potential happening this week! Let’s dive into the details!

Today we cover:

• Google Play Store allowing NFTs for games within their policies

• XRP ruled both a security and not a security (depending on context)

• POL token to be launched as an upgrade to MATIC

Google Play Store allowing NFTs

Google is giving the green light for apps and games that offer NFTs to be available on the Play Store 🤩

They have specific policies to implement and enable these types of games, which sets them apart from their main competitor, Apple.

One of the policies requires developers to clearly identify their game as a "blockchain game" on the content page of the Play Store. It must be clear that there are corresponding NFTs available for their game.

However, these games cannot violate Google's existing policies, particularly the "Real-Money Gambling, Games, and Contests Policy” and developers cannot promote crypto or NFT trading activities.

This means that "wager-based games" and sweepstakes will need to be modified to fit the policy system. In addition, developers will not be permitted to sell "gacha" NFT bundles without explicitly disclosing the contents and value of the bundle sale.

Google's decision to allow NFT games on the Play Store and implementing strict policies on them shows their open-mindedness. They are one of the first movers who are actively trying to embrace NFT games 👀

Security… or not?

There’s been a lot of talk recently about XRP being ruled as "not a security." Let's take a closer look at what this ruling actually means 🫡

It is true that XRP sold on an exchange is not considered a security, which is great news for existing users and crypto enthusiasts who buy and trade on exchanges.

However, there is a distinction when it comes to institutional sales. XRP sold during the initial coin offering (ICO) is still classified as a security.

This primarily affects the institutional market rather than the retail market, which represents a significant portion of the overall volume. =

Therefore, how you acquire and sell a cryptocurrency actually matters in terms of its legal classification and implications.

This ruling undoubtedly has implications for the future of crypto, particularly regarding token creation and fundraising methods. So, the question arises: Was this ruling truly beneficial for us?

Polygon 2.0

With the upcoming release of Polygon 2.0, the founding team has introduced an upgraded token called POL as an alternative to MATIC.

This new token, dubbed as a "3rd generation" token, allows holders the ability to validate numerous chains and networks that Polygon creates on a daily basis. This directly affects people holding MATIC.

According to Polygon, the upgrade process is expected to be straightforward. Users can simply send their MATIC tokens to the upgraded smart contract and receive an equivalent amount of POL tokens in return.

To ensure a smooth transition, Polygon is allowing MATIC holders ample time (4 years or more) to complete the upgrade, assuming all goes well.

The ultimate goal of Polygon 2.0 is to establish a network of networks that unifies liquidity across ETH. This revamped version presents an opportunity and acts as a value layer for both ETH and Polygon.

Let's see how this further unveils in the future.

Make us Kek

There is a lot of news in the market that is commonly misunderstood. We got you here though! Simplified in the Dumpling 🥟

–Bluejohn