NFT, which has become popular with the concepts of Web 3 and Metaverse, continues to appear in different areas. Apple has been criticized for its high commission policy for NFT platforms in the App Store.
Apple has announced that it will increase App Store prices in some regions, especially in European countries. The company, which wants to have a monopoly on in-app purchases, has started to apply strict rules for the NFT sector.
Epic Games CEO: “App Store is killing the NFT industry.”
The Information has published a report on Apple’s strict rules regarding NFT markets. According to the published report, Apple allowed NFT platforms to sell through their own applications. However, the sales made in the NFT markets were negatively affected due to the 30 percent commission requirement.
Stating that NFT sales should not be considered the same as in-app purchases, platform owners announced that they will carry out the necessary studies in this regard. NFT platforms, which have a commission rate of around 2.5 percent, underlined that they do not want to give 30 percent of their income to Apple.
Apple hiked App Store prices!
Apple has announced that prices for App Store apps and in-app purchases will increase in Europe and some other regions.
Epic Games CEO Tim Sweeney, who made a statement on the subject, said, “Apple strangely keeps the commissions of its in-app payment service high. However, it is also trying to crush industries it thinks will rival its in-app payment service in the App Store.” made statements.
Magic Eden, one of the popular NFT marketplaces, offered to pay a 15 percent commission after learning of Apple’s policy. Stating that Apple rejected this offer, the company announced that it decided to remove its application from the App Store.
Other NFT marketplaces on the App Store are known to have limited functionality due to high commissions. Stating that the App Store forces users to make transactions in dollars, the companies stated that they are trying to survive despite all the difficulties.
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