Apple is heavy handed.

The American giant recently changed the App Store's terms of service regarding NFT (or "non-fungible tokens") transactions on applications running on iOS, reports

Phonandroid

.

The brand does not oppose the sale and purchase of NFT, in particular via cryptocurrencies, on its devices.

But it requires that several rules be respected.

Thus, any transaction must imperatively go through Apple's integrated purchasing systems (“in-app” purchases).

The applications are thus prohibited from “directing customers to other purchasing mechanisms”.

A “grotesquely overvalued” commission

The reason for this rule is simple: Apple applies a 30% commission on all transactions made through the App Store.

Such a measure thus allows him to take the percentage on all NFT and cryptocurrency transactions.

“Buttons, external links or other calls to action” that move the transaction to another platform will therefore be prohibited.

This 30% tax is disproportionate to those of traditional NFT applications such as OpenSea or Magic Eden, which only charge 2.5% commission.

The players in the middle denounce, moreover, Apple's policy in this area.



The American firm “crushes another nascent technology that could rival its grotesquely overpriced integrated payment service,” said Tim Sweeney, CEO of Epic Games, last September.

"Apple must be stopped," he said.

20 Minutes

Galeon and France ADOT create an NFT to let people know that they want to donate their organs

Did you see ?

Crypto, NFT, Blockchain: Ex-tennis player Maria Sharapova launches into Web3

  • NFT

  • Apple

  • Commission

  • app store

  • Cryptocurrency

  • high tech