The tech giant Apple has approved the sale of non-fungible tokens (NFTs) in apps in the App Store. The company charges a standard 30% commission on them, The Information reports.
In the crypto community, the high fees of the tech giant were criticised, while leading marketplaces take up to 5% for brokerage.
“Now Apple is killing all NFT apps it cannot tax, destroying another nascent technology that could compete with its grotesquely overpriced in-app payment service. Apple must be stopped,” wrote Epic Games CEO Tim Sweeney.
Now Apple is killing all NFT app businesses it can’t tax, crushing another nascent technology that could rival its grotesquely overpriced in-app payment service. Apple must be stopped. https://t.co/4KChp6jtFZ
— Tim Sweeney (@TimSweeneyEpic) September 23, 2022
Tech blogger Florian Mueller described Apple’s commission as “insulting, but consistent”.
#Apple‘s imposition of its app tax on #NFT sales is abusive but consistent: NFT startups must trade outside #AppStorehttps://t.co/8E7YtxEmZp#blockchain #web3 #antitrust @aidanfitzryan @Jessicalessin
— Florian Mueller (@FOSSpatents) September 24, 2022
The head of Limit Break, Gabriel Leydon, backed the tech giant’s move and saw new opportunities in it.
“Everyone is focused on Apple wanting a 30% cut from every transaction, not realising this could put an ETH wallet in every mobile game with a worldwide audience of over a billion people,” he explained.
Apple has decided to let developers sell NFTs inside of games/apps. Everyone is focusing on apple wanting its 30% cut of each transaction without realizing this could put an ETH wallet in every single mobile game onboarding 1B+ players! https://t.co/BPJj3gD5r2
— Gabriel Leydon (FREE,OWN) (@gabrielleydon) September 23, 2022
Earlier, the Minecraft-studio Mojang Studios said that «do not support and do not allow» NFT integration in the game.
The metaverse-focused company MyMetaverse still added non-fungible tokens to its own servers for the project.
Earlier in September, the volume of NFTs issued on the Solana blockchain surged and surpassed 300,000.
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