CryptoBlog n.844
Apple has rejected calls to exempt NFTs from its 30% "Apple Tax" on in-app purchases. The tech giant codified its rules for iOS apps that handle non-fungible tokens on Monday with its first formal green light on offering in-app NFT minting, buying and selling – activities that it had never technically banned. But the iPhone-maker's de facto ban on NFT trading in apps is likely to remain. That's because in-app NFT transactions must use Apple's rails for in-app commerce, where Apple demands a 30% cut. Creators and marketplaces have long balked at the fees, choosing to limit in-app NFT functionality rather than lose a massive slice of revenue.