• Apple requires that NFT applications use its in-app purchase feature, charging a 30% commission on all sales.
• This has been a contentious issue, with Coinbase Wallet being blocked from releasing updates due to their attempt to allow users to send NFTs through the application.
• Android offers more freedom for developers than Apple does, allowing app creators to experiment without having to use the Play Store in-app purchase feature for minting or selling NFTs.
Apple’s 30% Commission On NFT Apps
Apple requires Non-Fungible Token (NFT) applications to use its in-app purchase feature, charging a 30% commission on all sales. This has been a contentious issue with Coinbase Wallet being blocked from releasing updates due to their attempt to allow users to send NFTs through the application.
EU Digital Markets Act
The recently passed EU Digital Markets Act may lead Apple to permit third-party app stores on its devices by 2024. This would allow developers to install alternative payment systems within non-Apple apps but would not apply outside of the EU.
Impacts On Nodle App
Cointelegraph spoke with Micha Anthenor Benoliel, CEO of Nodle, whose app rewards users for participating as nodes in a decentralized IoT network and allows users to mint NFTs from their smartphones. Benoliel noted that Apple has clear guidelines enforcing that NFT apps must use the in-app purchase system and prevent users from purchasing outside of the Apple App store and its in-app purchase function.
Android Offers More Freedom Than Apple
In contrast, Android offers more freedom for developers than Apple does, allowing app creators to experiment without having to use the Play Store in-app purchase feature for minting or selling NFTs.
Benefits Outweigh Tradeoffs?
Benoliel believes there are myriad benefits that balance out the tradeoff of these current terms and conditions set by Apple such as convenience and accessability for iOS payments and user base around the world; however it remains uncertain whether this will be enough going forward when considering how much revenue is lost due these fees..