Apple increases its commission with applications that sell NFTs
Apple updated the App Store guidelines and included a section reporting that apps wishing to exchange NFTs must use its in-app purchase system.
However, recent updates to the App Store guidelines make it clear that Cupertino also wants its share of the non-fungible token exchange.
The Californian company yesterday released a list of modifications and additions to the guidelines that apps wishing to appear in the App Store must meet. And the most striking point is that all transactions made with NFT must be processed through the in-app purchase system.
This means that apps that trade with NFT have to pay Apple up to 30% commission.
“Apps can allow users to view their own NFTs, as long as ownership of the NFTs does not unlock features or functions within the app. Apps may allow users to browse other people’s collections of NFTs, as long as they do not include buttons, links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchases.”
On the one hand, it is not surprising that it is trying to adapt the mechanics of the apps that are part of the App Store, given that this is a strict policy it has enforced for years.
Apple seeks to take a share of what NFTs generate in the App Store.
Apple maintains that its policy of not allowing external payment methods in the App Store seeks to protect its users’ information.
Tim Sweeney, the studio’s post-Fortnite CEO, has no qualms about charging Apple after updating its App Store guidelines. “For cryptocurrency enthusiasts, this means that Apple is now adding a 30% tax on so-called ‘beneficial ownership’ of digital assets.