Win for NFT apps as EU allows third party apps on Apple

Its Apple vs NFT Apps

What happened earlier?

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What's Apple is charging

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Apple proposed deal

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Response from marketplaces

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Latest Update

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What it means for NFTs?

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Eliminating Restriction

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The NFT market forecast

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Fastest growing segment

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Also Read:

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We're on You Tube

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Its Apple vs NFT Apps

Its Apple vs NFT Apps

What happened earlier?

What happened earlier?

NFT startups were 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.

Latest Update

Latest Update

In a win for crypto apps, European Union allowed third party app stores on Apple devices as part of their anti-monopolistic move

What it means for NFTs?

What it means for NFTs?

Under the law, European customers will be able to download third party app stores including NFT marketplaces surpassing the App Store.

Eliminating Restriction

Eliminating Restriction

Apple forced NFT apps to use Apple Pay with 30% commission else get blocked. The new law has cleared the way for Crypto apps.

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

Also Read:

Also Read:

1..Ben against crypto

1..Ben against crypto

2..DOVU Crypto

2..DOVU Crypto

3..Trevor $15m loss

3..Trevor $15m loss

We're on You Tube

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