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Over the weekend, news of the domineering fashion brand surfaced. apple, the approach to NFTs is softening. Sure, though, the questionable tech giant needs tribute to access its services.
Going forward, Apple clarified that apps incorporating NFTs must comply with in-app purchase rules.Therefore surrender 30% higher than the price of NFTs traded on the platform. It’s a step too far for many blockchain startups already operating on tight margins.
Following the news, several members of the NFT Twitter community defended the move, saying (according to Apple) that the 30% fee for gaining access to a market of 1 billion users is a worthwhile investment. But the move seems at odds with the decentralized ethos of NFTs and blockchains. A movement that exists as a two-finger salute to arrogant corporations and their dominance over the industry.
Now Apple is killing all non-taxable NFT app businesses and squashing another nascent technology that could rival grotesquely expensive in-app payment services. Apple has to stop. https://t.co/4KChp6jtFZ
Tim Sweeney (@TimSweeneyEpic) September 23, 2022
Solana reportedly leads the NFT marketplace, magic edenhas led the development of in-app purchases on the platform, while Epic Games’ CEO Tim Sweeney rekindled the ongoing feud by calling the terms “abnormally expensive in-app payment services.”
Nonetheless, the news could ultimately have a positive impact on the industry. Opens the door to many crypto-native platforms.
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*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
The post Appstore Demands 30% Fee Sacrifice to Incorporate NFT Sales first appeared on NFT Plazas.
