Google Updates Advertising Policy on NFT Gaming

Google has clarified its stance on advertising for blockchain-based games involving non-fungible tokens (NFTs). Effective from September 15, 2023, the tech giant announced,

Beginning September 15, 2023, advertisers offering NFT games that do not promote gambling-related content may advertise those products and services when they meet the following requirements.

The revised policy stipulates that advertisers can promote NFT games that allow players to purchase in-game items, such as “virtual apparel for a player’s characters, weaponry, or armor with better stats, consumed or used in a game to enhance a user’s experience or aid users in advancing the game.” However, Google explicitly mentioned that for NFT games, the following are not allowed:

Games that allow players to stake NFTs in exchange for fungible tokens such as cryptocurrencies” and “Simulated casino gambling (for example, poker, slots or roulette) that offer the opportunity to win NFTs.

To advertise gambling-related content that incorporates NFTs, advertisers must adhere to Google’s “Gambling and games policy” and, as Google points out, they need to “receive the proper Google Ads certification.”

This policy update is a significant shift from Google’s previous stance. In 2018, Google had imposed a blanket ban on all cryptocurrency-related advertising across its platforms. The ban was later relaxed in June 2021, allowing certain companies to advertise.

Reiterating the importance of compliance, Google stated,

As a reminder, we expect all advertisers to comply with the local laws for any area that their ads target. This policy will apply globally to all accounts that advertise these products.

Importantly, Google also clarified the consequences of violations, noting that 

Violations of this policy will not lead to immediate account suspension without prior warning. A warning will be issued, at least 7 days, before any suspension of your account.

This policy revision aims to provide clearer guidelines for advertising blockchain-based games with NFTs, reflecting the evolving landscape of the digital gaming and cryptocurrency sectors.

Google has now been accepting crypto and NFT related products. As reported by Blockchain.News on July 12, 2023, Google Play Store announced that video game publishers can now sell NFT games on its platform. Joseph Mills, the store’s group product manager, highlighted this move towards integrating blockchain in mainstream gaming. The new policy mandates developers to clearly indicate any blockchain-based elements within their apps on the Play Console when offering tokenized assets.

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Binance to Launche Pixels (PIXEL) on Launchpool

Binance, a leading global cryptocurrency exchange, has officially announced the introduction of Pixels (PIXEL), the 46th project to grace its Launchpool platform. PIXEL, a pioneering social web3 game developed on the Ronin Network, marks a significant milestone in the evolution of blockchain-based gaming and community building.

Unveiling PIXEL: The Future of Social Gaming on Blockchain

Pixels (PIXEL) emerges as a novel concept in the realm of web3 gaming, blending immersive social interactions with the decentralized ethos of blockchain technology. Built on the robust Ronin Network, PIXEL aims to redefine user engagement by fostering a vibrant, interactive community where players can truly own and control their digital assets and gaming experiences.

How to Participate: Staking, Farming, and Rewards

Binance users are poised to experience the innovative farming mechanism offered by PIXEL. Starting from February 9, 2024, participants will have the opportunity to stake their BNB and FDUSD into designated pools to farm PIXEL tokens over a span of ten days. This initiative not only enhances the utility of BNB and FDUSD within the Binance ecosystem but also democratizes access to PIXEL tokens ahead of their official trading debut.

Tokenomics and Launchpool Details:

Max Token Supply: 5,000,000,000 PIXEL

Launchpool Token Rewards: 350,000,000 PIXEL (7% of max token supply)

Initial Circulating Supply: 771,041,667 PIXEL (15.42% of max token supply)

Smart Contract Platform: Ethereum and Ronin

Staking Requirements: KYC compliance

The allocation of PIXEL rewards is strategically designed to incentivize participation in both BNB and FDUSD pools, with an 80:20 split favoring BNB stakers. This approach ensures a broad-based distribution of tokens, catering to diverse user preferences and staking capacities.

Listing and Trading: A New Market Entrant

Binance is set to list PIXEL on February 19, 2024, enabling trading across multiple pairs, including PIXEL/BTC, PIXEL/USDT, PIXEL/BNB, PIXEL/FDUSD, and PIXEL/TRY. This listing underscores Binance’s commitment to expanding its trading ecosystem with innovative and promising projects like PIXEL.

Beyond Gaming: PIXEL’s Vision for Web3 Social Ecosystems

PIXEL’s integration into the Binance Launchpool is more than just a gaming project launch; it’s a testament to the evolving landscape of web3 technologies and their potential to create meaningful, user-centric online communities. With its unique focus on social interaction within the gaming sphere, PIXEL sets a new benchmark for future blockchain projects.

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