‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales By Cointelegraph
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‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT salesNon-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple (NASDAQ:) to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purchases in the same boat as regular in-app purchases.
According to a Friday report from The Information, the smartphone company is now allowing NFTs to be bought and sold through apps listed on its marketplace but imposes its standard commission on in-app purchases of 30% — similar to that imposed by Android’s app store Google (NASDAQ:) Play.
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‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT salesNon-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple (NASDAQ:) to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purchases in the same boat as regular in-app purchases.
According to a Friday report from The Information, the smartphone company is now allowing NFTs to be bought and sold through apps listed on its marketplace but imposes its standard commission on in-app purchases of 30% — similar to that imposed by Android’s app store Google (NASDAQ:) Play.
Continue Reading on Coin Telegraph
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