Apple Has Updated The Rules For Working With NFTs In The App Store
- Apple giant will leave a commission of 30%
- This will make NFT purchases unprofitable
Apple has updated the rules for the App Store. A separate item about NFT appeared here. The apple giant did not listen to customers’ requests and left a 30% commission.
But there is also good news. The codified rules give an official green light to companies that want to sell NFT-related in-app purchases and generally work in the field of blockchain.
So, paragraph 3.1.1 has been updated in the rules. It states that companies can now offer to mint, sell, and buy NFTs on their apps. This could have been done before – technically, Apple never set limits.
But the de facto tech giant first continues to thwart the NFT industry because of the draconian tax. And secondly, due to the lack of crypto payments. Apple’s in-app purchase service does not accept payments in cryptocurrencies.
The updated policy prohibits companies from offering customers exclusive access to NFT holders. They cannot transfer users to third-party sites to mint, buy or sell art tokens. That is, all transactions must be within the Apple ecosystem. There is no way to avoid paying commission.
Companies are prohibited from using their tools to unlock the application’s features (including cryptocurrencies, crypto wallets, QR codes, etc.). Only exchange applications (such as Binance or Coinbase) can work with cryptocurrencies.