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Apple: NFT fees called ‘grotesquely expensive’

  • September 27, 2022
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Recently Apple confirmed that it would allow trading NFTs in applications from App Store. However, what at first seemed like good news to those concerned turned out to

Apple: NFT fees called ‘grotesquely expensive’

Recently Apple confirmed that it would allow trading NFTs in applications from App Store. However, what at first seemed like good news to those concerned turned out to be a new problem. A spark of controversy arose when the tech giant charge 30% commission on sales in authorized applications. Industry leaders have defined the practice as “absurdly expensive“. Another alternative to perform the same type of transaction, for example, The open seausually charge only 2.6% commissions.

Tim SweeneyCEO epic gamesgave an aggressive response to the creator’s new behavior iphoneand stated that theykilling all NFT platform businesses that cannot be taxedR, destroying yet another emerging technology that could rival its absurdly overpriced in-app payment service“. He concluded his argument in an equally stern tone:Someone needs to stop Apple“.

Sweeney argues that Apple’s decision makers are “killing every NFT company they can’t tax.”

(loans: pixabay / amrothman)

Not everyone rejected Apple’s stance on NFT fees

OUR epic Games, known for Unreal engine and for Fortniteprovides a game that uses NFTs on your platform: latest Blancos Bloc Party, created by Mythical Games. Although the company does not create products with non-fungible tokenwill not ban the release of games made by other studios in their ecosystem.

Even when faced with strong opposition from industry influencers, not everyone was against the giant’s stance. Some people came to the conclusion that mobile games would benefit from sales NFTs. Another favorable argument was that “this measure would greatly increase the worldwide distribution of the instrument”; however, according to The Information, Magic Edenmarket based Solanadecided to keep App Store after learning about the application fees.

Some people have come to the conclusion that mobile gaming will benefit from the sale of NFTs.


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Regardless of the reactions, there are no signs of a change in the developer’s posture yet. iOS. what is your opinion about this topic? Share your point of view on this issue and follow our social networks!

Now LG allows you to buy and sell NFT directly on TVs.

Now LG allows you to buy and sell NFT directly on TVs.
LG Art Lab Market will be available on devices running webOS 5.0 or later.

Source: Exame, Bitcoin Portal.

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Source: Mundo Conectado

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