Google Play Games: In order to help developers monetizing their apps and games, Google has announced a new method called Rewarded Products.
This new product is available in open beta in the Google Play Console.
As explained on the official Android Developers blog, this approach makes it easier for Google Play developers to accelerate their monetized user base.
Gamers can pick watching a video ad in exchange for virtual goods or in-game currency.
This monetization method can be added by the developers to any app using the Google Play Billing Library or Android Interface Definitions Library (AIDL) with some additional API calls.
AdMob technology being used by the Rewarded Products that gives access to the range of content which are currently on working mode with Google.