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You Can No Longer Use NFTs in Apple’s App Ecosystem

Apple has confirmed that it will no longer accept other means of payment, according to Apple Insider....
Apple Store shop front
Photo by Laurenz Heymann

Apple has confirmed that it will no longer accept other means of payment, according to Apple Insider. According to Apple Insider, the tech giant published an update Monday to its App Store review Guidelines with updated language around NFTs. NFTs can exist in apps within the App Store, but they cannot unlock additional content or features.

The revised guidelines stated that apps may be able to use in-app purchases to sell or buy services related to non-fungible tokens, such as listing, minting, and transferring. Apps may let users view their NFTs provided that NFT ownership doesn’t unlock any features or functionality within the app.

NFTs can be used to unlock token-gated content. This could discourage users from buying them. The Moonbirds and Bored Ape Yacht Club NFTs, for example, offer holders exclusive access and merchandise and other perks.

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Developers are not allowed to create buttons, external links or other calls for action that tell users how to bypass the App Store and buy NFTs on other platforms. The App store wants users to make in-app purchases instead.

App Store Review Guidelines are very helpful as they inform developers about what they can and cannot publish to the App Store. Infractions to these policies can lead to app rejection or removal.

The latest update doubles down on in-app purchase makes sense considering Apple had previously stated that it would take a 30% cut of all NFTs purchased through apps.

Epic Games CEO Tim Sweeney was disappointed by the news of the 30% NFT fees a month ago. Tim Sweeney is a crypto supporter as well. Tim said that Apple ” must stop” as the move was “crushing an nascent technology which could rival its outrageously overpriced In-App Payment Service.”

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Apple has updated some language regarding cryptocurrency exchange apps on its App Store, in addition to NFTs.

The guidelines state that apps can facilitate the transmission or transaction of cryptocurrency on an authorized exchange provided that they are available only in countries and regions with appropriate licensing and permissions.

Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".
Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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