In this week’s newsletter, explain how Google will start to authorize games with non-funesable tokens (NFTS) to advertise and promote itself using its platform and how a developer stole $ 1 million in assets from the Milady NFT collection. Find out how an insurance company has excluded the NFT from a $ 20 million police and how the metavese is “hot” in Asian markets like Hong Kong, Korea and Japan. And do not forget Nifty News this week with Binance putting an end to its support for the NFT polygon based.
Google will allow announcements for NFT games from September 15
Google has updated its Crypto AD strategy to allow NFT game advertisements as long as gaming or game services are not promoted. According to a Google announcement, changes will come into force on September 15.
NFT games that allow players to buy items in the game, such as weapons or armor for characters, which improve the user experience will be allowed. However, the games that allow players to play NFT or bet their assets for rewards such as crypto or other NFTs are still not allowed.
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NFT Milady collection operated by the flying developer $ 1 million in costs
The NFT project based in Ethereum, Milady Maker, was exploited by a developer in his ecosystem which stole $ 1 million in Remilia, the decentralized autonomous organization (DAO) behind Milady.
Co-founder of the collection, Charlotte Fang, announced on X (formerly Twitter) that they had identified the persons involved in the attack and would pursue legal action against them. The executive said they expected all their property returned.
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CNA insurance excludes the NFT of the coverage of the $ 20 million trust police
The commercial insurer based in the United States CNA Financial has excluded the coverage of the NFT of a $ 20 million police. In a dry file, the insurer has attached an exclusion to the document on the policy of Schwab Strategic Trust.
Exclusion stressed that the obligation will not cover damages, losses or proceedings linked to NFT. The document has defined NFTs as any digital identifier connected to the technology of the large digital book.
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Metaversse died in the West, but “so hot” in Asia: the co-founder of Sandbox
Although Metaverse cannot win as much traction in Western countries, the co-founder of Sandbox and chief of the Operation Sébastien Borget said that he was “hot” in Asian markets.
According to the executive, around 50% of its activities come from several Asian countries, such as Hong Kong, Korea and Japan. “If you do not focus on Asia, you will think that the metavese has died of North America and the west side,” said Borget.
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Nifty News: NFT Restaurant Crumbles, Binance Nft Ends Polygon Support and Plus
The plans of a restaurant and lounge project based in NFT in San Francisco ended after the team behind the company said that construction could not take place due to difficult economic factors. Meanwhile, Binance’s NFT arm has announced that it would stop its support for polygon -based NFT without providing a reason behind the move.
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Discover the Podcast NFT Steez of Cointelegraph
Thank you for reading this digest of the most notable developments of the week in the NFT space. Come back next Wednesday for more relationships and perspectives on this active evolution space.
