Apple allows NFT selling apps on its app store

Apple now allows NFT selling apps to be installed and sold through the App Store. Now, developers of existing apps can sell NFTs within apps, and new apps can have NFTs inside them. However, many are focusing on Apple’s massive 30% discount on every transaction.

Apple App Store
Apple’s App Store is home to 3.59 million apps and 984,000 games.

Apple finally accept NFTs

It took them some time, but Apple, one of the biggest tech companies in the world, is finally accepting NFT apps and games into their app store.

While common marketplaces like OpenSea and Magic Eden generally take no more than 5% commission, the company’s 30% commission seems unbelievable to project, app and game owners, and they usually stop using them. New feature.

However, a web-based CEO 3, Gabriel LeydonHe looks at the positive side of the situation: “Unknowingly, everyone is focusing on wanting Apple to take a 30% discount on every transaction, putting ETH wallets on 1B+ players of every mobile game!” He added, “I’ll gladly give Apple a 30% discount on free NFT.

Also, with the issue of 30% transaction fees, the company is not yet accepting cryptocurrency. The reason is that they simply don’t need traditional fiat currency, which only some projects accept.

According to The Information, Magic Eden pulled its service from the App Store after learning about the policy. After a low, 15% transaction offer, they still don’t accept it.

The company’s previous NFT bots

So far, Apple has never been involved in the NFT space, or cryptocurrency for that matter. Of course, their tools include Metamask, Coinbase and other wallets/exchanges in crypto. But that’s as far as the California-based tech company goes.

The only Apple-related NFT/web3 activity we’ve seen is a former Apple executive moving to Design to lead their Metaverse Creative Strategy. Also, in June, Apple was rumored to be releasing NFT business cards at a developer conference. It did not end for him to find the end.

Whether Apple intends to make a move into the NFT, crypto or metaverse spaces on its own remains to be seen. But at the moment, it seems unlikely. If anything, they seem against the concept of crypto in general.

Apple ID NFT Hacks

Although it’s not entirely related to the company in any way, it’s unfortunate that NFT hacking has been around for a while now, where users have NFTs stored in Metamask taken from them as if someone stole their Apple ID.

What usually happens is someone calls or emails the user pretending to be Apple and they fall through. Then, they reset the Apple ID password themselves, somehow informing the hacker. The result of this will be NFTs and other assets from the MetaMask mobile app.

All investment/financial opinions expressed on are not recommendations.

This article is educational material.

As always, do your own research before making any investment.

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