The opportunity to buy non-fungible tokens (NFT) via App Store apps has been opened. But such sales are subject to the site’s standard commission.
Apple has approved the sale of NFTs in apps that are available on the App Store. In this case, all such sales are subject to the standard 30% fee. This is reported by The Information. Recall that the standard commission on selling NFTs is about 2.5%.
Representatives of the crypto community reacted to Apple’s initiative mostly negatively. Even influencers far from the industry spoke out. Thus, CEO of Epic Games Tim Sweeney called Apple’s commission claims “grotesquely overpriced.” Florian Müeller, founder of FOSS Patents, found such a policy “abusive but consistent.” Gabriel Leydon, CEO of Limit Break, a Web3 game development studio, viewed Apple’s move positively. He noted that over 1 billion users can now get access to cryptocurrencies, and it’s worth giving Apple “it’s 30% cut of each transaction.”
Now, apps of the largest NFT marketplaces OpenSea, Rarible, Magic Eden, and others are available on the App Store. NFT transactions are also available in the apps of major crypto exchanges, including Binance, Crypto.com, Coinbase Wallet, etc. There has been no specific reaction from the cryptocurrency business to Apple’s initiative yet.
Apple’s interest in the cryptocurrency market has been known from the beginning of the year, when the integration of MetaMask with Apple Pay was announced. It allows users to buy crypto via Visa and MasterCard.
