April 26, 2024

Apple will charge a 30% commission when selling NFTs through the company's smartphones

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Apple will charge a 30% commission when selling NFTs through the company's smartphones

Technology giant Appleallowed the sale of collectible tokens (NFT) in applications on their devices, but the commission will be 30%. This caused outrage in the crypto community.

A 30% commission is standard for Apple.however, NFT application developers and other members of the crypto community disagreed with the company's decision. This effectively puts NFT purchases on par with regular in-app purchases, they say. However, for the developing field of collectible tokens, such a commission is too high. 

“Apple is currently killing the NFT business,”which is not subject to taxation. It destroys a nascent technology that could compete with terrible and overly expensive in-game item selling services,” Epic Games CEO Tim Sweeney tweeted.

Currently, Apple users are nottoo interested in NFTs due to excessively high fees. At the same time, applications such as OpenSea, Rarible, Magin Eden, Binance, Crypto.com and Coinbase Wallet offer the purchase of collectible tokens. Let us recall that at the beginning of the month Apple received legal protection from claims by users of mobile applications.