Apple App store Against NFT? – Katoch Tubes
Apple discouraging
NFT trend
Apple discouraging
NFT trend
What's the news?
What's the news?
NFT startups are abandoning listing on Apple App Store due to its high commission & tough rules.
What's Apple is charging
What's Apple is charging
Apple is charging a flat 30% commission on every in-app purchases of NFTs. While the NFT marketplace charges just 2-3% of the transaction.
Apple proposed deal
Apple proposed deal
Apple further reduced the commission from 30% to 15% for firms earning under $1 million annually but it didn't impress the marketplaces
Response from marketplaces
Response from marketplaces
Its difficult for Marketplaces
to breakeven at the rate proposed by Apple App store. Therefore, everyone is avoiding listing on the Apple app store.
The NFT market forecast
The NFT market forecast
Acc. to Juniper Research, the global number of NFTs transactions is likely to rise from 24 million in 2022 to
40 million by 2027.
Fastest growing segment
Fastest growing segment
Metaverse linked NFTs will be the fastest growing segment over the next 5 years with 9.8 million transactions by 2027
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