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'Grotesquely overpriced' — Apple's App Store wants 30% cut on NFT sales

Cryptocurrency Sep 26, 2022 01:20AM ET
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'Grotesquely overpriced' — Apple's App Store wants 30% cut on NFT sales
 
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Non-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple (NASDAQ:AAPL) to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purchases in the same boat as regular in-app purchases.

According to a Friday report from The Information, the smartphone company is now allowing NFTs to be bought and sold through apps listed on its marketplace but imposes its standard commission on in-app purchases of 30% — similar to that imposed by Android’s app store Google (NASDAQ:GOOGL) Play.

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'Grotesquely overpriced' — Apple's App Store wants 30% cut on NFT sales
 

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Comments (1)
Jonathan Silva
Jonathan Silva Sep 26, 2022 4:11PM ET
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Isnt meta charging close to nothing on their platform?
 
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