Apple refuses to waive 30% fee in App Store for NFTs

Asian Tech Press (Oct 25) -- Apple has not provided a 30% commission exemption for NFTs, according to an update to the App Store rules.

Apple on Monday updated its App Store review guidelines with new rules for iOS apps that deal with non-fungible tokens (NFTs), adding rules related to cryptocurrency transactions.

According to its updates, "Apps may use in-app purchase to sell and sell services related to non-fungible tokens (NFTs), such as minting, listing, and transferring."

This is the first time Apple has officially set rules related to NFTs for offering iOS apps, a move that means iOS developers will be able to build their own NFT platforms in the Apple ecosystem.

Apple has taken a step forward in embracing NFTs and cryptocurrencies, but is still reluctant to give up charging commissions of up to 30% for in-app purchases simply because NFTs are hot.

The iPhone maker emphasized in its guidelines, "Apps may allow users to browse NFT collections owned by others, provided that the apps may not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase."

Apple wants users to make in-app purchases because it can take a 30 percent fee on those NFT transactions, as specified in the guidelines.

You must be login to post a comment.